Solar Panels make sense when you are living in the property and directly benefit from the cost of energy saving - but what about Commercial Landlords - does the maths stack up?
Here are a few ways PV (Photovoltaics) is leading the way in renewable energy in commercial property.
Solar Can make you money
Tenants can purchase energy generated from your roof at a discounted rate. This way, you can save your tenant money while making additional profit.
Due to the spike in Energy Prices, the average time to pay off the solar panels reduced to around 4 years the prospect of solar generating an income is very appealing.
Good for the environment
As the demand increases for businesses to be more environmentally responsible, solar PV installations are an easy tick in the box for both the landlord and the tenant.
Solar Panels increase the EPC rating of a building
The government and tenants constantly press landlords to ensure the buildings they own are up to current legislation and suitable for letting. Your building's EPC rating can be significantly raised by installing solar panels.
Attract longer-term tenants
If you are saving your tenant money you will likely get longer-term tenants, if they leave, they risk a large rise in energy bills.
Money-making and money-saving asset
As a landlord, you own an asset that generates income for you and saves the tenant money
Improve your tenant's carbon footprint
By using green power generated from your roof, your tenant can claim the carbon reduction, helping them win more business and remain tenants.
Low-risk investment
PV outputs can be forecast over the course of multiple years and investor returns are reliable
Low-disruption technology
PV systems can be installed on buildings' roof space that would otherwise remain empty with minimal disruption.
Solar grants and funding are available
Although the amount of available grants has reduced over time it is worth checking within your local area as there are still grants and finance available.
Solar technology is improving, and costs are decreasing
Over the past decade, solar technology's “conversion efficiency”, which measures how much electricity can be generated from sunlight, has improved dramatically. Combining this with the advancement and market competition within the renewable energy sector the price of the panels, the inverter and battery storage are all reducing.
Good for the environment
Solar solutions decrease carbon footprints and with customers increasingly demanding that businesses be more environmentally responsible, solar PV installations help enterprises to meet that requirement.
At RV2 we are here to help and advise on any projects that you are planning. If you would like more details about how to get a bespoke solar panel system design for your business - for more information please give our team a call on 0330 118 0089 or fill out the contact form below.