Solar panels aren’t just suitable for homes, but businesses can benefit from the potential of generating free energy throughout the year too. Commercial solar panels are becoming more and more popular all over the UK as a way to cut electricity bills and earn an income with the Government backed feed-in tariff.
Who would benefit from commercial solar panels?
It’s true, the solar panel market is dominated by domestic installations, with homeowners wary about the rising costs of gas and electricity. But commercial installations are just as viable and whether it’s for a business, school or farm, there are a range of benefits to be had. With electricity prices set to rise you can make savings for over 25 years.
Commercial solar panels feed-in tariff
The feed-in tariff was introduced in April 2010 and works by incentivising solar panels with a direct payment for each unit of renewable electricity produced. It is available to both domestic and commercial solar panels, though different rates apply. Commercial solar panels can earn up to 13.9p/kWh over a 20-year period and excess electricity can be sold to the National Grid too, at 4.5p/kWh.
Commercial solar panel costs
Solar panels range in price quite considerably, from a few hundred pounds to over £1,000 per module. Commercial solar panels come in varying sizes and can be manufactured with up to 1,000 modules. Typically, small business can spend £10,000 on a solar panel installation whilst larger sites can be up to and over the £100,000 mark. However, annual savings and earnings can stretch to £1.5 million over 20 years.
How large should my solar panel system be?
4kWh-10kWh commercial solar panels:
- Can provide energy for small UK businesses
- Receive a feed-in tariff of 13.99p/kWh
- Slash your company’s CO2 emissions
- Sell electricity to the grid at 4.5p/kWh
- Protect you from the rising prices of grid energy
10kWh-50kWh commercial solar panels:
- Best for medium to large businesses, with more electricity demands
- Will need a substantial premises to house the system
- Can be fitted on warehouses and other large buildings
- Provide feed-in tariff rates of 13.03p/kWh
- Sell electricity to the grid for 4.5p/kWh
50kWh+ commercial solar panels:
- Best for very large sites such as farms and industrial plants
- Potential to earn over £10,000 every year
- Reduce your electricity bills for 25 years and more
- Export energy to the grid and ensure no electricity wasted
- Slash your CO2 emissions and cut carbon footprint.
Facts & Figures You’ll Love To Share
- [tweetable alt=””]Solar panels are now priced at a record low, providing an excellent return on investment for every buyer.[/tweetable]
- [tweetable alt=””]The feed-in tariff scheme will help homeowners earn over £500 annually with solar panels.[/tweetable]
- [tweetable alt=””]Solar panels will help to reduce your yearly electricity bills by over £100, providing over two decades of savings.[/tweetable]
- [tweetable alt=””]The generous export tariff ensures no electricity is wasted as it’s sold to the National Grid for a set price.[/tweetable]
- [tweetable alt=””]As gas and electricity prices continue to increase year-on-year, solar panels offer a way to guarantee your energy future.[/tweetable]