Commercial Solar Photovoltaic Systems
If you are considering building a business, you should think about a solar photovoltaic system. Since you are probably taking out a loan to purchase or build a new building, you should take some of this money and invest it in a renewable energy source. It will end up saving you money in the long run.
Solar photovoltaic systems are made up of solar panels, which are made up of solar cells. An example of a solar cell is the one that is found in many pocket calculators. Through the photovoltaic effect these solar cells convert sunlight into electricity. In some situations the electricity is stored in a battery to be used later, and sometimes it is wired into the building’s electrical system.
A professional installation team will install your solar photovoltaic system, and they generally place the panels on south facing roof. They will run the wiring from the panels to the wiring coming in from the power grid. This allows your business to draw electricity from the grid when needed. It also allows for any excess energy that is produced, but not used, to be exported back to the power grid to be used elsewhere. For example, your solar panels will still work on Sundays when your store is closed and is only using a small amount of electricity.
With one of these systems, your electricity bill will be greatly reduced if not eliminated. Sometimes environmental factors and size restrictions will mean that your system is not large enough to accommodate all of your electricity requirements, but it will reduce your use of power from the power grid.
In addition to reducing your overall electricity bill, your solar photovoltaic system can also be a source of tax free income. This is because the government is providing incentives for people, homeowners and business owners alike, to help with the costs of renewable energy systems. It is still less expensive to buy power from the grid (per kilowatt) than it is to buy power from a renewable source. Additionally, the cost of installing these systems is attainable but still very high.
The government realized this and created the feed in tariff so that more people would be able to afford to convert to solar power and other forms of renewable energy. The feed in tariff is made up of two smaller tariffs—the generation tariff and the export tariff. The export tariff is the smaller of the two, and for every kilowatt hour that is exported to the grid, the owner of a renewable energy source will receive about 3 pence. This is a fixed price that changes periodically.
The generation tariff is the larger of the two, and with this you receive money for every kilowatt hour that your solar photovoltaic system produces, even if you use it. The amount of money that someone receives depends on the type of renewable energy and the size of the system. So, if you are building a business, you should consider adding in renewable energy systems. They are more sustainable, better for the environment, and generate tax free income.
