Switching to renewables is becoming vital at this time in history, from saving energy to improving sustainability goals. Installing a photovoltaic system is the right choice in many respects.
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Why solar energy?
In complete contrast to the collapse of fossil resources, photovoltaics are back on the rise. As the International Energy Agency’s (IEA) ‘Renewables 2020’ Report lets us know, the two-year period 2021-2022 will represent a veritable boom for solar power, leading all renewable energies in our country, not least because of tax incentives, including the 110% super bonus.
Solar energy is 100% natural, reliable, and accessible. It is no coincidence that the IEA, in its World Energy Outlook 2020, has named it ‘The new king of electricity’.
Indeed, solar energy is an entirely renewable solution that can offer companies a significant advantage by reducing operating expenses and increasing profitability. Switching to solar energy is an essential competitive source because, unlike traditional electricity, the price of sunlight does not change: its current price will remain the same for 5, 10 or 25 years.
While some companies struggle to keep up with the rising prices of energy from the grid, companies installing solar systems can count on an abundant energy source to help them hedge against future tariff increases. This is an essential competitive advantage, especially for companies operating in an industry with tight profit margins who want to reduce their consumption costs and benefit from an improved reputation.
Improve energy expenditure forecasts and generate new revenues.
Switching to solar energy guarantees predictable energy rates over the system’s entire life cycle. The sun is efficient and reliable: it rises daily and provides a predictable source of constant energy. Therefore, companies that use a renewable energy source such as solar can estimate energy and operating costs more accurately. Solar can also be used as part of a broader energy strategy because it allows excess energy generated to be turned into a source of revenue by feeding it into the grid.
Improve resilience
When coupled with on-site storage, solar energy decreases grid dependency and reduces the risk of outages, allowing companies to be operational at all times. Ensuring a stable energy supply is crucial in today’s energy landscape. Being energy-independent guarantees the security of supply and ensures business continuity. This combination offers an integrated solution that reduces energy consumption (kWh drawn from the grid) and energy expenditure. By reducing consumption during peak periods, greater flexibility can be achieved, decreasing grid dependency and demand charges at peak utilisation times.
Redevelop and monetize unused space
Solar panels allow companies to transform unused space, such as rooftops and land, into a source of on-site power generation, thus reducing operating costs and reinvesting the savings in their core business. Solar panels can be mounted on the factory roof or the ground. Installing a solar system in these spaces makes the most of available resources. Unused space becomes a source of energy generation that allows you to optimise operations and generate value on the property itself. A detailed analysis of the plant allows the feasibility of installing photovoltaic systems to be measured against the resources available at the facility in order to design a system that performs in every respect.
Need more reasons to switch to solar energy?
We have discussed some good reasons why it pays to switch to solar energy. If you are looking for more information, you will find more advantages of this technology and the flexibility you can gain.
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