SOLAR Energy can Reduce Your Operating costs by 30%. What ELSE???
Planning to install a rooftop solar panel in your organization? There could not be a better time to do so. With solar panels, you get much more than an eco-friendly solution.
Now, you can satisfy your office’s power needs by 30% of the electric costs only. Hence, you can redirect the cost in many other sectors. In Australia, you also get tax incentives for using alternative energy sources. It is called the Solar Investment Tax Credit.
Today, most companies in Australia demand solar energy. It is cost-effective, no doubt. But the initial set-up costs are very high. That’s why small companies may not be able to afford it.
The World needs Alternative Energy.
The Australian business sector uses about 154439 GWh of electricity. It is challenging to satisfy this demand through conventional power generation only. However, more companies are now interested in using renewable energy, especially solar energy.
This venture will prevent power companies from contributing to global warming. When that happens, Australia will leave a smaller carbon footprint. And embark on a journey to become carbon-negative one day.
Understand why SOLAR Energy is a Long Term Solution.
We all know only solar energy has significant benefits. But what are the advantages of solar energy?
The earth is getting hotter all the time, and the oceans are beginning to rise, and this could lead to some countries just disappearing underwater. As business owners, we need to do our bit for the environment. Hence, we need to start using alternative and more sustainable energy sources.
We can all use this enormous sustainable energy to take advantage of solar energy. We all know solar energy use is a more economical way. However, apart from economic factors, there are many more advantages to using solar power.
Key highlights from the blog:
Solar Energy is a long-term solution for the Australian business sector. Here are the reasons why.
- It is renewable and hence doesn’t use limited resources like coal
- It’s unit cost is very low. There is no external bill for solar power. It is produced in-house.
- You can attach a solar panel to a small roadside project. At the same time, you can use the power source to light up a stadium.
- Solar panels have almost 0 maintenance cost.
- More new technical upgrades of solar power technology are forthcoming.
Costs of commercial solar power usage
In Australia, you can now buy commercial solar batteries. The use of solar panels is static. Their prices are also the same almost. But that’s not the case with solar batteries.
The battery prices vary with every manufacturer. That’s why your solar energy costs will also vary. Here is an estimate for the approximate costs in the US:
1. Solar Panels
The panels weighing between 10kw and 100kw cost around AUD 10,000. It’s one of your static costs. But panels run for at least ten years. Therefore, you need to invest more in its maintenance. So, you can consider it a one-time investment.
Your costs will vary slightly if you have a more extensive commercial setup. For large systems, you need 100 to 500kw weightage. It may cost you AUD100,000 at least.
2. Solar Batteries
Now, you have to invest in solar batteries. Most businesses can manage with small or medium-sized batteries. Small battery costs vary between AUD 10,000 and AUD 30,000. Meanwhile, medium batteries cost somewhere between AUD 30,000 and AUD 100,000.
3. Installation expenses
Your installation costs vary based on location, size, and other challenges. For example, the installation cost on the 2nd floor will differ from that on the 10th floor. The next thing that changes set-up costs is weather adversities.
In turbulent weather, you need inverters and neutral wirings. For more extensive coverage, you may need better mounting systems. However, the good thing is you can avoid buying these parts separately.
Now you can buy whole commercial set-ups easily. For that, you need to invest between AUD 30,000 and AUD 110,000.
4 Advantages Of Solar Energy For Business In Australia
Due to the fact that we enjoy a great deal of sunshine here in Australia, it makes perfect sense that we should turn to solar energy as our alternative energy source.
If you are a little in the dark when it comes to its benefits, then a visit to the Penrith Solar Centre will help to allay any fears that you might have, and all of your questions can get answered in one location.
The good news from your point of view is that solar energy is becoming a lot more affordable due to many businesses and homes incorporating it into their daily lives.
You already know as a business owner about smart returns on your investment, and so this is one that you can add to your list. Solar energy offers so many advantages of solar energy, and we will explore just a few of them here today.
Overview:
- It Reduces Overall Operating Costs
- It Reduces Maintenance Costs
- It’s The Greener Choice
- Space Saving structure
1. It Reduces Overall Operating Costs
Keeping our operating costs to a minimum is something that every commercial business understands. Still, the thing is that our electricity needs are actually increasing, and so our bills are going in the same direction. The economic advantages of solar energy are huge.
Every business spends a significant amount of money every financial year on electricity charges, like on laboratory equipment, and so now is the time to find an alternative source that can provide you with the power that you need for the next 20 to 25 years.
The other wonderful thing is that if your system generates excess power, then this can be sold back to the grid. And these are the main advantages of solar energy.
2. It Reduces Maintenance Costs
A fully operational solar power system pretty much takes care of itself because there are really no moving parts, and so once it is installed, you shouldn’t really encounter any costs after that point.
It may require minimum maintenance, and it always makes sense to keep your solar panels clean so that they can be more efficient. The reduced cost is a significant advantage of solar energy utilization.
3. It’s The Greener Choice
Businesses are now aware that customers are shopping for goods and services by checking if businesses are trying to make an environmentally aware choice when it comes to conducting their day-to-day tasks.
Customers are now rewarding greener businesses with their long-term business, and so if you decide to install solar energy for your business, then you will be rewarded with a wider customer base and lifetime buyers.
4. Space Saving structure
Most business handlers think solar energy is more costly, and during the installation, they have to spend a large amount of money. This is a very wrong concept. Most of the systems are not very costly. This is another advantage of solar energy. They are now available in different forms and sizes.
And if you are going to calculate the space-saving structures of the solar panels, you will see these solar panels structures are going to save more space than regular electronics steam. The most important part is that your rooftop areas will only go to be utilized.
Apart from the rooftop areas, there are no such spaces that are going to use for installing solar panels. And solar power systems are a great way to cut the cost of the plant. Your electricity bill will go down, and it also benefits the country’s overall economy.
Things to check before you buy the set-up
There are several quintessential factors to consider here. If you don’t know these factors, you cannot control the solar power costs:
There is a power rating for each battery
By checking the power rating, you will understand the capacity of your battery. Hence, you can also fathom what appliances you can run on this power source.
Size of the battery
The power-holding capacity of a battery depends on its size. You can measure its capacity in KWh. However, the Li-ion Nickel Manganese batteries have the highest lifetime.
Battery lifetime
Your battery’s lifetime depends on how many cycles you put it through. For instance, a 20000 KWh battery lasts around 2000 recharge cycles.
Nowadays, you will find many batteries with high capacity on the market. However, battery safety is a grave matter as well. Less secure batteries can cause explosions and losses for your company.
Wrapping It Up:
Everything in business is about getting a good return on your investment, and solar power should never be regarded as an expense because, over time, it will help to pay for itself in no time at all. All of these four are the advantages of solar energy. Read it, and you will know what type of advantages solar energy can bring to your business. So what is your opinion? What are you thinking? Installing solar panels is a great solution for all.
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