Brighten up profits and environmental performance with solar energy
How you can tackle rising energy costs and help your organisation meet its sustainability goals using solar PV.
Today's urgent energy cost and sustainability challenges call for new action to reduce rising bills, protect profits and address climate change. Solar energy is one of the most cost effective methods of improving both financial and environmental performance.
Profit the planet
By generating 100% renewable power from solar photovoltaic (PV) panels, organisations can reduce their reliance on carbon intensive grid supplies by as much as 50%. This can dramatically reduce greenhouse gas emissions, particularly CO2. As such, businesses can raise their sustainability performance, increase their corporate social reputation and differentiate themselves from competitors.
Impressive cost returns
The displaced grid electricity is not only higher carbon, it's also more expensive than renewable sunlight. Organisations therefore realise immediate cost savings, which multiply over time. As electricity rates keep trending sharply upwards, the cost of your solar power supply remains consistent and predictable forever.
The falling cost of solar panels and associated technology, together with higher energy prices, are increasing the financial returns. Since solar PV assets have a long lifespan of typically 25+ years and low operating costs, profitability is excellent. By reducing reliance on grid supplies, organisations are also shielded from energy market volatility and future price rises. They can therefore stabilise their budgeting and accurately forecast energy expenses.
Monetising renewable energy
Your solar panels can be monetised by selling excess solar energy back to the grid. By exporting power in this way, you can also unlock value from unused land or roof space to create an additional revenue stream.
For businesses with tight profit margins, solar can ease financial pressures and deliver significant competitive advantage.
Boosting the benefits with solar + battery storage
By linking your solar PV system to battery storage you can increase its financial performance by an average of 30-40%. This enables you to store solar power during daytime hours when grid electricity is at its cheapest and then use it to displace grid supplies at peak cost times. As well as benefiting from dramatic cost reduction, organisations also increase utilisation of renewable power.
Hybrid solar-battery systems also enable you to generate revenue from the most lucrative demand side response schemes, such as dynamic Firm Frequency Response (dFFR), which is ideally suited to the fast response time of batteries.
The split-second activation time of batteries mean that stored solar power can be instantly deployed in the event of an energy supply disruption – ensuring business continuity and resilience to prevent big financial and operational losses.
Capital constraints are no barrier to installing on-site solar. Centrica Business Solutions' Solar Power Purchase Agreement provides funding for all aspects of the project – from supply and installation to management of operation, maintenance and servicing for the lifetime of the asset.
Customers benefit from immediate cost and carbon reduction benefits and repay the investment by purchasing the generated power at a discounted tariff. This is guaranteed to be lower than grid costs at all times.
Benefit the planet and your profits with solar
- Reduce electricity costs by offsetting more expensive grid supplies
- Make your business more sustainable by using 100% renewable power that reduces your carbon footprint.
- Stabilise your energy costs by reducing dependence on volatile wholesale power markets and locking in predictable energy rates.
- Create additional revenue by selling excess power back to the grid.
- Boost profitability and sustainability, while increasing resilience by combining solar with battery storage
Centrica Business Solutions has installed more than 1,000 customised solar projects at sites across the UK – helping organisations to maximise cost and carbon savings. We have more than 20 years experience of providing end-to-end solar PV solutions – from design and installation to 25+year maintenance and monitoring of assets.
To find out how Centrica Business Solutions can support your solar project, get in touch below.