Ireland has some of the highest electricity prices in Europe. This is a major reason why solar energy is financially attractive here. Solar energy is a great match for businesses in particular. Specifically, most businesses use a lot of power in the middle of the day, right when solar panels perform best.
This helps you maximise solar energy utilisation. Additionally, solar helps you avoid peak daytime electricity tariffs. Overall, savings and returns on investment can be very attractive.
More specifically, Irish businesses can get around 30% of their electricity needs from solar panels. With day/night metering, that can mean savings as high as 35-40% on bills. Solar also protects you from rising electricity prices. This is especially important as carbon taxes increase.
These savings typically translate into a return on investment of 10-15% per year. However, returns can be as high 25% if you qualify for a grant.
The benefits of solar panels for business go beyond practicality and saving money. By switching to commercial solar panels, you are also lowering your business’ carbon footprint.
This is based on the amount of greenhouse gases produced by your actions. Solar energy is renewable and carbon neutral. Switching would indicate your business’s commitment to green and sustainable practices.