Within the next ten years, energy costs are predicted to double. Solar panels are a smart energy solution for commercial use that will effectively allow your business to forward-buy your electricity at a set price of around five pence per unit. This means your business will never be exposed to energy price rises again, which makes financial forecasting a lot easier.
While the UK is making really positive strides to meet more of its electricity demand with low-cost renewable energy, the price of grid-supplied generated electricity is still driven by supply and demand. With nuclear proving to be cost-prohibitive and fossil fuels clearly not the answer, there needs to be significant commercial and business investment in grid-scale renewable generation, particularly to meet the significant demands that the rise of the electric vehicle will place on our supply. EV charging creates a massive demand for electricity.
Protect your business' cost base by investing in your own clean electricity generation.
Payment for exported (unused) electricity
Energy companies are keen to purchase excess electricity from businesses generating their own electricity. Once the required export meter setup is in place, it is simply a matter of agreeing on a contract with one of the many energy companies. They will be keen to buy your clean energy at wholesale rate, to then sell on to their customers at the prevailing retail rate.
Delivering ROI in excess of 15%
Commercial solar PV installations provide a solid return on the investment. While the end of the Feed-in Tariff made residential installations more challenging to justify financially - compared to buying renewable energy from the grid - it's a different story for commercial solar system installations.
Why? The reason is a combination of cheaper solar PV technology, a 25-year fixed-cost for solar energy generation, minimal maintenance of the solar PV system post-installation, and continuing rises in the cost of National Grid-supplied electricity.
Altogether, the result is solar energy that’s around 60-70% cheaper than buying from the National Grid. Additional enticements are the 100% asset finance available and the annual investment allowance which can offset the capital cost against income tax in year one.
Big or small, your business can benefit from solar energy.
Rising electricity costs and good roof space provided by commercial properties make a solar panel system a sensible investment. Whether your business is looking to save money, reduce its carbon footprint or secure its future energy supply, Ineco Energy provides expert commercial solar installations with proven high yielding solar panels.