Australia has become one of the world’s leaders in solar power adoption.
Thanks to the abundance of sunshine and favourable government schemes, it’s easy to see why more and more businesses choose to go solar.
The increase in Australia’s solar installation has been significant over the last few years, with over 5,000 MW of solar installed in commercial and industrial properties.
As the commercial sector looks to reduce its carbon footprint, solar has indeed become an excellent solution to achieve this goal whilst lowering energy costs.
The Benefits of Commercial Solar Power
The electricity demand will never decrease. With the significantly high fuel prices and rising concern for the environment, businesses are now resorting to alternative energy sources. One of which is solar power, a more sustainable choice with a variety of applications. Here are some of the crucial benefits businesses can gain from going solar in 2025.
- Reduced Operating Costs
No matter the environmental impact of the business, choosing to go solar is usually about saving money. PV solar was once expensive that only big company names could afford. Today, it is more affordable than ever, making it an accessible energy source for any organisation, regardless of size.
Solar allows businesses to own a power-generating asset. It’s a better and cheaper alternative to continuously paying utility companies. By installing commercial solar, a business can become its electricity supplier. It can gain the opportunity to prepay for several years of energy at a fraction of the current costs of electricity.
- Return on Investment
Spending money on a solar system and its installation is an investment. For one, it offers a good ROI through energy savings, as mentioned above. The Australian government also provides several incentives and programs for installing commercial solar, including the Small-scale Renewable Energy Scheme (SRES) for systems smaller than 100kW and the Large-scale Renewable Energy Target (LRET). Businesses may be qualified for tax benefits, such as investment tax credits and accelerated depreciation.
More often than not, payback usually happens in five years or less. If that’s still not enough reason to go solar, taking advantage of renewables can increase property value, as well. This additional return on investment can make a business appear more attractive to potential customers, clients, buyers, or tenants.
- The Green Label
Any business demonstrating its commitment to environmental responsibility and sustainability earns the coveted “green” label. Many consumers are now prioritising green and eco-friendly companies. If you decide to install a solar power system, you’re not only saving money on electricity bills but also generating electricity from a clean and renewable source.
Another reason to install commercial solar is the chance to obtain certifications, including Leadership in Energy and Environmental Design (LEED) and Building Research Establishment Environmental Assessment Method (BREEAM).
- Reduced Carbon Footprint
The traditional way of generating electricity is to burn fossil fuels, such as natural gas, coal, and oil. Unfortunately, this method releases greenhouse gases, including methane, nitrous oxide, and carbon dioxide, which contribute to many problems like climate change.
In contrast, solar systems rely on the power of the sun. No gaseous matter is released into the atmosphere, making solar a clean and sustainable energy source. Switching to solar can dramatically decrease a business’s carbon footprint, which refers to the number of greenhouse gases produced.
Also, solar systems are durable and have long lifespans. Therefore, businesses decrease their dependence on traditionally produced electricity for many years, resulting in carbon footprint reduction.
- Protection from Future Electricity Cost Increases
Electricity prices fluctuate due to several reasons, including market demand and fuel prices, among other factors. These changes can be unpredictable and can lead to a considerable hike in electricity costs. Combat that by installing solar, which provides a stable and predictable source of electricity.
Businesses reduce their grid reliance when they can generate their electricity. That means there’s greater control over the energy supply, which therefore insulates the company from future price increases of electricity. Think about it; the electricity generated is technically free after the initial installation cost. It’s one of the best ways to achieve cost savings and financial stability in the long term.
Please contact our team if you would like further information regarding your business.