Ireland has some of the highest electricity prices in Europe. This is a major reason why solar energy is financially attractive here. Solar energy is a great match for businesses in particular. Specifically, most businesses use a lot of power in the middle of the day, right when solar panels perform best. This helps you maximise solar energy utilisation. Additionally, solar helps you avoid peak daytime electricity tariffs. Overall, savings and returns on investment can be very attractive.
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More specifically, Irish businesses can get around 30% of their electricity needs from solar panels. With day/night metering, that can mean savings as high as 35-40% on bills. Solar also protects you from rising electricity prices. This is especially important as carbon taxes increase.
These savings typically translate into a return on investment of 10-15% per year. However, returns can be as high 25% if you qualify for a grant. Which brings us on to reason #2 for Irish businesses to go solar: Grants
The Sustainable Energy Authority of Ireland provide several grants that cover solar panels for businesses. The most popular one is the Better Energy Communities (BEC) scheme. With the BEC, you partner with other organisations in your local area to receive a grant of 30%.
For large companies, the EXCEED grant is also an option. EXCEED also provides a grant rate of 30%. Unfortunately though, EXCEED is not suitable for small businesses due to the arduous application process. You can receive either the BEC or the EXCEED grant but not both.
You can also claim the Accelerated Capital Allowance (ACA) on solar panel investments. This gives you 12.5% of your investment back as corporation tax savings. The key to the ACA is that you get all the tax benefits up front. Alternatively, the Wear and Tear Allowance provides the same saving, but spread out over 8 years. With the ACA and a grant, your total financial incentive can be as high as 42.5%.
With PPAs it’s now possible to start saving with solar from day one, with zero up-front investment. Here’s how it works:
The great advantage of PPAs is that you see bigger profits and cash flows from the very first day. On the other hand, owning the panels outright gives you the greatest savings over the long run.
The installation process for a commercial solar panel system typically takes less than one week. Better still, 99% of the work can be done from outside. This means that disturbance to your business will be minimal. The only new equipment needed indoors will be a DC-AC inverter (about the size of an old-style computer tower). This can be located in an out-of-the-way location like your attic.
The roof types used on commercial buildings make the solar installation process especially easy. On one hand, solar panels can be quickly and securely fastened to a trapezoidal metal roof. On the other hand, flat roofs allow for a convenient and flexible ballasted mounting system. This all helps to keep costs down for you.
Tech giants Facebook and Amazon have announced 100% renewable electricity targets for or before. While the move is mainly about cost reduction, they haven’t been shy about using their progress for good PR. You can also win favour with customers by demonstrating your corporate responsibility with solar energy. Don’t get left behind!
Solar Power for your business is more accessible and affordable than ever before! As solar experts, we’ve put together a list of 15 reasons why your business should join the solar revolution! We’re PV Greencard compliant, guaranteeing your system adheres to the highest standards.
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The South African government has removed the threshold for private electricity provision. This is great news because it means that businesses can generate solar power without requiring a license.
Your business will still need to comply with technical and environmental standards and will definitely still need to contract a registered and accredited solar power specialist.
The City of Cape Town has been granted an exemption by the National Treasury to start paying businesses and individuals cash for power. Surplus electricity generated from solar panels can be fed back into the city’s grid and compensated for. This also means saving money on electricity expenses and generating an additional revenue stream for your business.
The Solar power and renewable energy industry have made significant strides in advancing and improving its technology. Solar PV panels are not only more efficient in producing electricity but, in some cases, have decreased significantly in price. With advancements in technology and increasing government incentives for renewable energy, solar power has never been more affordable and accessible.
Businesses can choose from three types of Solar PV systems: Grid-Tied, Hybrid and Off-grid. With InPower, each Solar PV system can be built according to the exact specifications and requirements of your business.
Flexible and scalable solar systems offer several advantages, including energy independence, power grid resilience, and reducing carbon footprint.
An advantage of solar panels is their ease of maintenance, making them a practical and cost-effective choice for businesses. With no moving parts, solar panels require minimal attention once installed. Routine maintenance typically involves simple tasks such as regular cleaning to remove dust and debris, ensuring optimal sunlight absorption. The longevity and dependability of solar panels contribute to a hassle-free maintenance experience, allowing businesses to reap the benefits of clean energy with minimal effort and expense.
For more Off Grid Solar Systeminformation, please contact us. We will provide professional answers.
With the addition of battery storage, solar power systems can provide a reliable source of electricity during power outages, ensuring continuity of operations for critical business processes.
With an average of over hours of sunshine per year, South Africa has the ideal climate for solar power production.
Investing in solar energy for your business means being able to generate clean electricity, reduce dependence on traditional energy sources, and save on rising monthly energy utilities.
Solar installations can increase the value of your property. If your business has additional office space, potential tenants may be attracted to a business location with lower operating costs and a sustainable energy source. Solar integration will enhance your business’s sustainability profile, showcasing a commitment to environmental responsibility and reducing long-term operational costs.
The cost to maintain Solar PV systems is low and if properly maintained, can last up to 30 years. In comparison, inverter and battery backup systems used in Hybrid Solar PV projects last between 5 and 15 years.
Batteries are used as energy storage solutions in hybrid systems. These batteries store excess energy generated during the day for use at night or during loadshedding ensuring your business operations continue uninterrupted.
InPower Solar Specialists have compared the two most common types of backup power batteries for you!
Big and small business can incorporate solar energy into their operations. The continual inconvenience of load shedding in has meant that operations have slowed or in some instances ceased entirely. This has meant finding alternative energy solutions, such as solar power. Consider if solar power is suitable for your business by contacting and InPower Solar Specialist today!
With our solar finance options for commercial buildings, you are able to tailor the solution that works best for you. Also, this flexibility allows you to purchase the system in full whenever you want!
InPower offers the best solar financing solution in the country with a prime -1%, our rate is better than any bank.
In , the Carbon Tax Act was introduced into law. For large carbon emitters, Solar PV plays an important role, helping to manage carbon footprints, reduce carbon tax burdens and appeal to environmentally-conscious consumers. South Africa is the 14th largest greenhouse gas emitter in the world, moving away from traditional power sources will go a long way towards reducing greenhouse gas emissions.
Businesses that install solar power also receive incentives under South Africa’s power plan which will further offset the cost of rooftop solar power installations. Additionally, businesses that install solar panels will benefit from Eskom’s pricing structure.
Solar energy is green energy! Investing in solar helps decrease our global dependency on fossil fuels which contribute to greenhouse gas emissions. For businesses, going solar demonstrates a commitment to social responsibility. Reducing your business’s carbon footprint, contributes to a more sustainable and environmentally conscious community.
Navigating the process of commercial Solar PV installations can be challenging, but with InPower’s Finance solutions it doesn’t have to be. Our unique finance solution helps your business get cash back from the first month after installation, without taking any of the risks.
Investing in solar panels can yield a compelling return on investment (ROI) for businesses. Even though the initial expenses might seem high, they are outweighed by the financial gains over time. As energy costs continue to rise, the fixed and predictable nature of solar power production shields businesses from the volatility of traditional utility prices. The initial investment can be recovered over a relatively short period of time.
Navigating the process of commercial Solar PV installations can be challenging, but with InPower’s Finance solutions it doesn’t have to be. Our unique finance solution helps your business get cash back from the first month after installation, without taking any of the risks.
Your brand can use the value proposition of installing solar projects on commercial buildings to communicate with your audience.
Moreover, consumers increasingly prefer businesses that prioritise sustainability. Going solar can enhance your business’s brand image, attracting environmentally conscious customers and differentiating your business from competitors.
The commercial benefits of installing solar are numerous, and with InPower as your trusted and preferred installer, you have more than enough reasons to consider solar power for your business. You can rest assured that your business’ solar system will provide a substantial return on investment and be sustainable.
Are you interested in learning more about 3 kW On Grid Solar System? Contact us today to secure an expert consultation!