As electricity costs continue to rise, investing in solar PV is an excellent opportunity for businesses to maximise efficiency generating their own electricity on site.
Solar PV is a proven technology and provides a statement of corporate responsibility, as well as saving money.
It can encourage wider energy savings and improve employee retention.
Plus, businesses can take advantage of government-backed schemes and benefit from a guaranteed income for 20 years under the Feed-in Tariff (FIT).
Electricity prices will continue to rise and those who have solar pv systems will be better off in the future in many ways:
A large portion of the energy your solar panels produce will be exported back to the grid.
In standby mode 90% of the electricity you generate could be exported.
It is assumed that you export 50% of what you generate and this is what you are paid for by your energy supplier at around 5 pence per unit regardless of how much energy is actually exported.
Your energy supplier will then sell it back to you at a much higher rate (typically 12 pence per unit) when you require more energy than you are generating.
It makes sense therefore to harness this energy, prevent it from going back to the grid and use it yourself.
Battery storage enables you store your excess generation for you to use later when your consumption is higher than your generation.