If you’re a business owner, installing a solar energy system might seem like a risky move in a complex and confusing market. You may have heard about major companies going solar, but thought that it might not be feasible for your organisation. Maybe you’re considering installing solar panels at some point in the distant future, when your organisation can afford to make a major investment in something that seems like an environmental “good” rather than a strategic financial decision.
Time to shake off that old way of thinking and join the growing chorus of smart business owners that have discovered the commercial solar benefits for business. Solar isn’t just for Ikea, Bunnings and Office Works anymore. Businesses of all sizes are capitalizing on the financial opportunities of installing solar, proving that a solar energy system is a key strategic decision that virtually guarantees a solid financial return for your business.
So let’s take a look at the numbers – this is a financial decision, after all.
According to EnergySage marketplace data, the average commercial property owner paid $1,950 in monthly electricity bills before going solar. After their installation, their electricity bill was reduced to approximately $500 – a 75% reduction.
The cost of buying and installing solar panels has dropped considerably in the last five years while electricity prices continue to skyrocket, making the economics of solar even more attractive.