As a result of the climate crisis, more and more businesses are beginning to invest in solar panels, but is this the right move for your company? While this is a deeply personal decision, there are certain things you should consider before taking the plunge. It doesn’t matter what your reasons are, whether financial or driven by sustainability, solar panels can be a great investment for a wide range of businesses, but others could be better off looking into alternatives. Get started by reading this blog and weighing up your options before heading off to understand solar PPA better.
Initial investment
It’s no secret that solar energy requires you to have quite a bit of money so you can get started. Businesses lacking in capital might struggle to venture into the world of renewable energy, but don’t forget that there are a wide range of loans and grants on offer that you could be eligible for. Sustainable initiatives around the world are keen for as many businesses to change their practices to renewable ones, so you might be able to get some backing if you intend to install solar panels. However, once you’ve gotten over the initial hurdle, solar panels will help you to save and generate income, so they’re definitely worth the effort.
Installation space
Contrary to popular belief, solar panels can be installed in a wide variety of locations, not just the sunniest spots. Of course, the installation location does need to be exposed to the sun for a large portion of the day, but it doesn’t necessarily need to be blue skies all day. What’s more, solar panels can be installed in urban areas as well as rural ones, making them accessible for a huge range of businesses. However, if your business involves mostly remote working and you don’t own a building or plot of land, solar panels might not be the right solution for you.
Maintenance
Solar panels require very little maintenance, which makes them perfect for businesses that don’t have a lot of time and resources to spare. Once the initial installation is complete, your panels will only need to be cleaned a couple of times a year. You’re also unlikely to need to carry out any repairs or spend more money on them for around 25 years or more. But it is important that you do make time for cleaning and maintenance checks to ensure your panels are working correctly. They’re low maintenance but you also can’t forget they exist, so think about whether this is something you’re willing to do before investing.
Sustainability
Is being green important to your business? If you’ve received some negative comments about your lack of sustainability or have been trying to make better decisions then solar panels could be the answer to your troubles. You might not think that being environmentally friendly is particularly important in your industry, but customers are increasingly looking to spend their money with companies that have a sense of social responsibility.
