Are commercial solar panels worth investing in 2020?

Get Obligation Free Quote
August 10, 2020

Are commercial solar panels worth investing in 2020?

The Australian economy, long thought to be robust and resilient, is grappling with the consequences of the Black Summer fires and the ongoing global pandemic. As people and companies struggle, businesses are torn between their desire to use clean energy and save on energy costs in the long term, and the substantial investment required for a solar panel system

However, even with the current economic climate, installing commercial solar panels remains an excellent alternative for any business that wants to cut down on their energy bills and carbon emissions.

In fact, the more energy you require for your business, the more reason for you to switch to solar power. Still, you have to consider the following before making a decision:

Your average monthly electricity bill

How much you actually spend (on average) on your monthly — or yearly — electricity bill is a critical factor when you’re considering getting solar panels in Sydney or elsewhere in Australia. Remember that your electricity usage is priced per kilowatt-hour (kWh), and rates vary depending on location.

Going solar essentially means you’ll have your own mini version of a power plant to power your business operations. If you have a factory or a warehouse, or if your electricity consumption is high, then you can expect to save the most when you go solar.

Cost of the solar panel system

Your next major consideration in your decision to invest in commercial solar panels is the cost of the equipment itself.

In general, you’ll spend about $1,000 to $1,300 per kW installed in Australia.

The amount you’ll spend depends on the size of the solar system you need. Most small businesses require less than 30kW or a maximum of 100 panels. With a 30kW system, you’ll be generating about 120kWh of electricity per day on average. This translate to about $2,000 worth of electricity per month for your consumption.

While the initial outlay may seem substantial, you can recoup your investment in about three to 15 years and get some of it back in the form of tax credits. Solar panels can last from 25 to 30 years, so they’ll be serving you for a really long time, too.

Larger businesses with more energy requirements (30kW and up) must calculate the costs of connecting to the grid, as they will require special systems designed to protect the grid from the electricity their system will produce. Make sure you clarify this with the solar company you’ve chosen and get council clearance.

Going solar — a worthy investment

Investing in solar panels can be a business decision, especially if the energy requirements of your business are quite high. Plus, of course, there’s the global push to utilise renewables to help combat global warming.

If you need solar panels in Sydney, or anywhere in Queensland, New South Wales, and South Australia, please get in touch with us at Arise Solar.

Speak to an expert
Request a call back to discuss your needs.

Let us analyse your electricity bills to find the best solar panels and system for your household or business.
Call 1300 274 737 or use the button below to request a call back from one of our friendly consultants for an obligation-free chat.

Request a Call
Government Solar Incentive Reduce in Jan 2021

Get an obligation-free quote

Receive a personalised proposal within 48 hours

    Get an obligation-free quote

    Receive a personalised proposal within 48 hours

      Speak to an expert

      Request a call back to discuss your needs

        Before 8am8am - 12pm12pm - 5pmAfter 5pm

        Claim Rewarded Upto $150.00

        Receive a call from dedicated solar expert

          FRIEND DETAILS

          YOUR DETAILS

          By filling this form I agree to Arise Solar Terms & Conditions

           

          This Solar System Promotion is available for standard metropolitan based installations only. Price is after Small Scale Technology Certificates (STCs) have been assigned to Arise Solar Pty Ltd T/A Arise Solar or its agents. Any additional extras including but not limited to double story, roof type, meter box upgrades or three phase power, may attract additional charges. *Price beat offer applies to local competitor advertised quotes only and must be for identical goods. T&C’s apply. Excludes Victoria