Image has always been important to business. In these environmentally aware times, it’s becoming increasingly necessary for companies to display their green credentials. In some cases it could be the difference between winning and losing important contracts.
A substantial solar array sparkling in the sunlight from the rooftop of a commercial property speaks volumes about a company. It makes great PR and will impress those who matter – potential business partners, customers and employees.
So it is possible for a company to look good as it does its bit for the environment. There’s something satisfying about cutting carbon emissions by thousands of tonnes at the same time as generating thousands of pounds of extra revenue, just by carrying on business as usual. But the addition of renewable energy to your business is more than a fashionable accessory.
An analysis conducted by the Carbon Trust Advisory found that businesses investing in renewable energy could make average returns of between 11 and 12 per cent, with a potential of 20 per cent plus. With energy prices set to increase by up to 37 per cent by 2020 considerable future savings, via reduced utility bills, add to the attraction of renewable energy.
The Renewable Heat Incentive (RHI) and Feed In Tariff (FIT) schemes are designed to encourage businesses to act promptly to benefit from the current level of funding. However, selecting the right strategy for adopting renewable energy can be complex for businesses and shouldn’t be rushed.
Seeking independent expert advice may cost a little extra but could save a lot in the long run. It’s possible to take a staged approach and advisable to look at different solutions and set-ups for receiving the Feed In Tariff. On large installations millions of pounds could be affected over the course of 25 years, so finding the best possible solution for a particular business operation is vital.
If you have already been looking into the possibilities of solar power for your business for some time and have done all the necessary trials and checks, there’s an excellent argument for proceeding sooner than later. Set up properly, it’s a great investment and legacy for the future.
