5 More Benefits of Commercial Solar
Installing a commercial solar system is one of the most cost-effective ways to power your business. Besides benefits such as reducing business’ operating costs, increasing business’ revenue, hedging against the potential risk of electricity tariff hike, here are 5 more benefits you can enjoy with commercial solar.
1. Affordable Solar Panel System
The cost of solar panels has dropped by 80% since 2008 and is expected to keep falling. As a matter of fact, solar energy is the cheapest source of energy in the world as of 2017. Also, solar energy is cheaper than fossil fuels as of 2019. This means the affordability and availability of solar power will progressively increase over time.
2. Boost Business Cash Flow
Being in a positive cash flow position helps you run your business more effectively. With commercial solar panels installed, you’ll start saving on your electricity bills. Subsequently, when less money goes to the power company, you’ll have more cash on hand to meet your business financial obligations.
3. Demonstrate Commitment to Sustainable Development
Commitment to sustainability has become an important component of an organization’s corporate social responsibility. Consumers and communities are increasingly recognizing and rewarding businesses that choose to operate responsibly. Hence, installing commercial solar panels sends a positive message about your dedication and commitment to clean energy to your customers. Furthermore, this will effectively improve business results and create goodwill.
4. High Durability and Low Maintenance
The glass casing unit of a solar panel system is made of tempered glass that can withstand hail, snow, rain, and strong winds. Not only are they highly durable, but they can also extend the life of your roof by protecting it from daily wear and tear. In terms of system upkeep, the panels rarely require maintenance or repairs unless they faced extreme circumstances.
5. Aid in Meeting Renewable Energy Targets
At the 2015 Paris Climate Conference and Conference of Parties (COP) 21, Malaysia committed to reducing greenhouse gas emissions per unit of GDP by 45% from the level in 2005, by 2030. Besides that, Malaysia is also in the process of revising the national renewable energy target to follow the aspiration made through the commitment. By installing a commercial solar system for your business, you are attributing towards realizing this target.