Solar: 10 benefits as a business

Solar: 10 benefits as a business

Renewable energy has made significant progress in recent years and is now on track to overtake fossil fuels as the primary source of energy. Solar power is one of the most prevalent types of renewable energy and has several benefits for society. In the UK, solar energy has several benefits for commercial businesses and homeowners, which we will summarise below.

  1. Reliable and renewable energy source: The sun is a truly renewable energy source and is estimated to provide energy for at least 5 billion more years. Solar panels require sunlight for energy production, making them a viable energy source for almost all locations.

  2. Lower energy bills: Generating electricity on-site means relying less on the national grid and traditional utility suppliers, resulting in lower energy bills.

  3. Affordable and easy to install: Solar panel prices have decreased, making them more affordable and accessible for businesses.

  4. Low maintenance costs: Solar panels require minimal maintenance and repair work after the initial installation, resulting in low maintenance costs.

  5. Environmental impact: Solar panels generate energy without producing greenhouse gases or water pollution, making them a popular choice for businesses looking to reduce their environmental impact. 

  6. Improved energy security and independence: Solar panels provide a reliable backup energy source in case of power outages, which can result in the loss of productivity and revenue.

  7. Valuable electricity production: Energy production during peak hours of energy demand means that the electricity generated is more valuable and can save costs for businesses.

  8. Boosts CSR and green credentials: Solar panels can serve as a highly visible demonstration of a business’ commitment to environmental causes, making them a valuable tool for improving corporate social responsibility and attracting customers and investors.

  9. Silent operation: Solar panels are silent, making them practical for even the most densely populated industrial areas.

  10. Solar energy has positive impacts on a larger scale, benefiting the national and global economy: Investing in solar power generates two to three times more jobs than investing in coal or gas, which creates significant economic benefits. Furthermore, solar energy is a reliable source of energy that cannot be privatised due to the sun’s availability. While this advantage may not have a direct impact on your business, it enhances the feel-good factor and enhances the visible Corporate Social Responsibility (CSR) of your company.