Is Now a Good Time To Invest In Solar?

Your Commercial Solar FAQs Answered 

Solar power is one of the fastest-growing renewable energy sources and has become a household – and business – name in recent years. In 2023, 78% of the 576GW of renewable capacity was attributed to solar. As we explore alternative, more sustainable energy sources, it is clear that solar is here to stay and will be commonplace in businesses and commercial real estate into the future. 

If investing in solar systems is on the cards for most businesses in the future, when is the best time to get started? Is now a good time to invest in solar infrastructure? In this blog series, we answer common questions about solar so you can maximise the value of renewable transformation in your business. 

Is Now A Good Time To Invest In Solar? 

Solar technologies have become more affordable over the years, but it is unlikely that waiting to install solar PV systems will have a dramatic impact on the amount you will spend on these systems. With solar panel costs levelling out and boosted efficiency and other benefits to be had, there is no better time than now to kickstart renewable energy production in your building and for your business. 

Generating solar power for your business takes the edge off price hikes 

While we ride out energy market volatility, having an independent energy source like solar can act as a buffer against energy price spikes. The uncertainty created by the war on Ukraine and the Middle Eastern conflict impact outlook – with an effect on the market and our pockets. 

Recent trends in the market have seen a surge in solar popularity – and for good reason. Solar power generation takes the edge off price hikes and gives peace of mind. 

Everyday efficiency from solar reduces the impact on the environment 

The environmental argument for the addition of solar energy is clear: the sooner the better. According to the Green Buildings Council, 19% of the UK’s carbon emissions are from the energy required to power our buildings. Creating more sustainable buildings has a critical role to play in achieving net zero emissions by 2050.  

As environmental regulations tighten and ESG considerations gain prominence, so the value of a solar system grows too.  

Consumption cutting means cost cutting 

By reducing your reliance on the Grid and cutting consumption from traditional energy sources, your business will save on its energy spend. Businesses can see a return on investment for their solar array anywhere between three to eight years depending on whether the system is self-funded or through a power purchase agreement. There are also incentives like the Smart Export Guarantee that have financial benefits for businesses generating their own solar energy. 

Commercial solar improves property valuations and reputation 

Solar power generation impacts the marketability of a building to a more environmentally aware population. Buildings with commercial solar systems are more attractive to investors, buyers, and tenants.  

The Smartest Way To Go Solar 

Our commercial solar team is here to guide you on the best way to get started with smarter solar. We assess the suitability of your building for a solar array and design a system around your consumption needs so you can get the best value from these sustainable solar solutions.  

Using our SmarterView energy monitoring software, you’ll also be able to monitor solar generation in real time, assess the return on investment, and map your savings. Contact us for more information.