The World Business

Commercial solar electricity is coming onstream rapidly, and it’s also making waves on a bottom line basis. Businesses, not surprisingly in these days of ridiculously high overheads, are determined to make savings, and solar is turning out to be the solution to a lot of cost issues. The fact is that ordinary running costs and just having the office open for business can cost a lot of money. If you’re in business, you won’t need to be told that the real cost increases are showing up in paying for power from the grid, even at wholesale rates. Businesses that use a lot of space and have a lot of electronic systems like retailers often wind up on the wrong side of the balance sheet as a result. Businesses can find themselves paying a lot for the privilege of just opening their doors every day. Solar power is undoing the damage to the bottom line and reducing overheads. Solar power as a business investment Solar power isn’t just fashionable. It’s a long term, get-things-right approach to power needs. Modern solar panels like the advanced monocrystalline panels are long-life, high value panels that only lose 0.5% of their efficiency (power yield for a panel) per year. These panels can generate a lot of power, 185 watts per panel, which is multiplied by the number of panels to provide a known output of energy per day. Depending on your needs, a suite of solar panels can take a large percentile strain off your power usage. A quick, very basic example without the more complex formulae: 185w x 20 panels = 3700w x number of “sun hours” per day. As you can see, that’s a lot of energy, and it can cover a lot of fundamental business functions, particularly basic office power, every day. The real savings are measurable over time, and they mount up, rapidly. One of the reasons solar power is now being installed in New York’s very cost-conscious public schools is the clear cost efficiency of replacing grid power with solar as much as possible. The fact is that solar power is now on the radar as much among accountants as environmentalists. Business was understandably wary of taking on the cost of introducing new power systems when solar power first got started, but the cost benefits are now measurable with obvious advantages. The result has been that solar power is now the preferred option for power systems. Government rebates and incentives have added further value, increasing the benefits and reducing real costs. Solar power on the job- Go anywhere, do anything Solar is also good for standalone power systems. If you have operations in remote areas, where power grids are too far away for it to be economic to make a connection, solar can do a lot of the work for you, and reduce dependency on generators. Businesses find that solar power can provide a lot of flexibility for operational usages, particularly conserving power, generator fuel and batteries in tough environments where energy economics and having reliable backups are major issues. Solar is the power of the future. Examine your business options, and you’ll find a lot of positives, and no negatives.

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