Are Commercial Solar Panels Worth It?

The rising cost of electricity is a constant concern for Australian businesses. Energy bills have doubled in the last ten years. They are expected to continue rising. As a result, many businesses are looking for alternative energy options. 

Commercial solar panels are becoming a much more popular option, offering significant cost savings, environmental benefits, and government incentives. 

But are they truly worth the investment? Keep on reading to decide.

Reduce your energy bills by up to 70% with commercial solar panels.

The biggest argument for commercial solar panels is their potential to reduce your electricity costs. Australian businesses that use solar power can save up to 70% on their electricity bills. This is a significant difference compared to businesses that only rely on the grid. 

Australia has more than 3.84 million solar panel installations as of June 30, 2024. These installations have a total capacity of 36.6 gigawatts. The information comes from the Australian PV Institute.

Payback periods as short as 1-3 years for Commercial Solar NSW

When businesses decide to invest in a commercial solar system, a key factor they consider is the initial cost. Although the cost looks high, it’s important to consider how long it will take to recover that investment. The payback period shows how long it takes for the system to recover its cost through energy savings.

For businesses with a 500 square meter space, a commercial solar system can pay for itself in just 1-3 years. This means that in a few years, the business will have saved enough energy to cover the cost of the system.

Commercial solar systems provide a fast return on investment. This makes them an excellent option for businesses looking to reduce energy costs. Businesses can save money by investing in commercial solar installation. In addition to the quick return on investment, solar panels also provide long-term financial benefits for businesses.

Government incentives and rebates make it a great time for businesses to invest in solar energy. Financial benefits are better than ever. Businesses can save money and pay off solar systems faster by using incentives to lower initial costs. Commercial solar systems are a good financial choice for businesses of any size due to quick payback and incentives.

Cost of Solar Installations and government rebates

Government incentives, such as the at Federal STC program(small scale technology certificates) provides financial support to businesses. This support helps them switch to solar power. These initiatives offer significant incentives and subsidies that can help offset the costs associated with installing solar panels.

One of the key benefits of these schemes is that they allow companies to take advantage of $0 upfront installations. This means that businesses can start benefiting from solar power installed without having to make a large initial investment. These initiatives lower costs, helping businesses adopt renewable energy and decrease their carbon footprint more easily.

The small scale technology certificates stcs are important for promoting sustainability and helping businesses transition to solar power. These programs provide financial help, making it easier for companies to use clean energy and support a healthier environment.

Investing in a sustainable future and commercial solar cost savings

Beyond the financial benefits, commercial solar panels offer a powerful environmental advantage. 

Solar energy is a clean and renewable resource that doesn’t produce greenhouse gasses or harmful emissions. 

By switching to solar, your business reduces its carbon footprint and contributes to a cleaner environment. Your commitment to environmental sustainability can enhance your brand image and attract customers who are conscious about the environment.

Solar system size determines daily generation and annual savings, with larger systems resulting in higher savings.

40kW at 70% self-consumption is around $10,000 – $13,000

70kW 70% self-consumption is around $16,000 – $18000

100kW is around $20,000-$25,000

Making an informed decision

While the advantages of commercial solar panels are compelling, it’s important to consider your specific circumstances. Your business size, energy use, and roof space will affect whether solar power is a good option for you.

We provide free consultations and estimates to help you decide if solar panels are a good fit for your business. This allows you to make an informed decision about the possibilities.

Switching to commercial solar panels in Sydney requires careful consideration and planning; it’s not a decision to make quickly. Don’t fret, we will guide you from the initial consultation to the installation and continuous support for your enterprise.

Commercial Solar Costs NSW

10 kW $11,000 – $14,000

30 kW $30,500 – $33,000

50 kW $45,000 – $62,700

100 kW $100,000 – $115,000

If you’d like to find out more about our services and commercial solar panels, get in touch with our team today.

Tags: commercial solar panels, solar panels, solar panel installation, sustainability, commercial sustainability 

Commercial solar panels can increase property value, making them a valuable long-term investment. Homes with solar panels are worth more because they save energy. This makes them appealing to people looking to buy or rent. This added value can further contribute to the overall return on investment of installing commercial solar panels.