Commercial Solar Melbourne are a great investment and can benefit businesses. With Australian taxes and grid costs, the commercial return is calculated by considering net system value after-tax year over a 25-year term adjusted for inflation.
What is solar, and why invest in commercial solar energy?
A solar panel is a technology that converts light into electrical energy. Commercial solar panels are installed on roofs of businesses, schools, and other buildings to generate electricity from the sun. The installation of commercial solar panels can increase the value of a building because it allows owners to sell energy back to the grid. Additionally, commercial solar panels can reduce electric bills for businesses by generating electricity during off-peak hours. Solar panels also provide a renewable energy source that does not produce greenhouse gases.
There are many benefits to investing in commercial solar panels, regardless of the size or type of business. Commercial solar installations can provide:
- The electricity that is cheap and reliable
- Reduced electric bills
- Renewable energy
- Ecological sustainability
- Increased property value
How secure is solar energy for your business?
Yes, solar energy is becoming a more cost-effective option for businesses. However, there are still some security concerns that need to be considered. Solar panels can be easily vandalised, and some customers may not feel comfortable with the idea of a business being powered by solar energy. Commercial solar makes economic sense for shade-insulated buildings as they benefit from the lower installation and operation costs.
Existing Solar Buildings
Commercial solar makes economic sense for shade-insulated buildings. Solar panels can absorb more light in direct sunlight than they do in indirect sunlight, so increasing the utilisation of solar panels inside commercial buildings is key to maximising the return on investment (ROI) for solar installations.
Shade-insulated buildings are especially well suited for solar use as the interior spaces stay cool on a hot day and can be heated with natural gas or electric distribution systems once the weather allows. Passive cooling and heating that rely on the Suns energy instead of electric or gas utilities can eliminate or reduce electric demand charges, making solar installations even more economically attractive.
Commercial Solar Mega Infrastructure Project
While it has been primarily residential and small-scale commercial solar that has driven the industry to today, large commercial solar projects are now becoming economically feasible for Shade-Insulated Buildings (SIBL).
These larger projects are becoming feasible due to declining prices for both solar modules and installation services. To illustrate, the average price of a 200-watt module was $1.60/ watt in 2013, but has come down to $0.79/watt as of 2016. Meanwhile, the cost of an installers labour has decreased by almost 50% over the same time period. This combination has led to an approximately 25% decrease in the overall cost of solar power for commercial SIBL applications since 2013.
Another reason these projects are becoming feasible is that larger businesses can typically leverage economies of scale when installing solar arrays.
Conclusion
Commercial solar Melbourne panels make economic sense for shade-insulated buildings. Solar panels installed on the roof of a building can reduce monthly electric bills by as much as 50% or more, depending on the size and location of the solar system. Commercial solar also creates environmental benefits by reducing greenhouse gas emissions from the electricity generated.