Is Your Business Ready for the Benefits of Solar Power?
According to the Institute for Energy Economics and Financial Analysis, the Philippines had one of the highest electricity prices last year in Southeast Asia at $0.20 per kWh. If you are a business owner with the crucial job of balancing investments and profit, now is the best time to look at how solar power can help your business reach its maximum potential.
Here are some things you need to consider before embarking on your solar journey to sustainability and massive savings.
Going Solar On A Budget
Many small and medium business owners are quick to assume that solar panels are something only big businesses can afford. But did you know that, based on a 2019 study, solar panels are cheaper by 84% than it was in 2009? The production costs are even projected to decrease by as much as 59% by 2025, making solar the largest source of cheaper power.
If your electricity costs reach almost P600,000 yearly, installing a solar panel will yield around P153,000-367,200 savings per annum*. That’s a sizable amount that can be diverted to investments such as product innovation, additional capital and more.
Where You Are Doesn’t Matter
Solar panels are viable and effective whether your business is located in the city or in a secluded rural area because our country has one of the highest irradiance levels anywhere on earth, which indicates a high amount of solar power per unit area.This is beneficial as you’ll be able to maximize the power output of your photovoltaic systems anywhere in the country.
We have experts who are well-equipped to assess how your structure can maximize the effectiveness of solar panels. You can cross this off the list of things you need to worry about because we will take care of everything for you.
Save on Your Operational Costs
One of the biggest expenses of most companies is their electricity cost, especially if they operate 24/7 and have a sizable number of employees.
Installing solar panels reduces your electricity costs by 25 to 60 percent and protects you from the rising costs of common non-renewable energy providers in the Philippines. You don’t have to worry about price spikes and sudden power interruptions again.
We also offer full maintenance service for your solar panel system which includes cleaning, maintenance, and technical service. Solar panels usually have a lifespan of 40-50 years, so this is a good investment in the long run.
The example provided above is the average consumption of small to medium business. If you want to know how much you can save, use our solar savings calculator here.
Your Company’s Vision of the Future
Installing a solar panel for your business reduces electricity costs and promotes sustainability.
Businesses who value the environment, its people, and want to be inclusive are perfect solar panel users. Everyone is concerned about the environment and SMEs can make the conscious effort to help lessen the damage while attracting more people who are supporting green companies. In a 2017 study, it’s revealed that more people are now choosing companies that support a cleaner, greener earth.
The Philippine government has plans to decrease its carbon emissions by 70% in 2030, which can encourage more renewable energy use nationwide. The Government also has recently stated in 2019 they will be fast tracking the implementation of renewable energy to combat the dependency on coal power generation. Implementing a solar energy plan now will allow your company to easily transition once renewable energy is the main source of energy in the country.
There are so many businesses that have benefited from using solar energy. The success stories from these companies are truly inspiring, which deserves another article altogether. For now, let’s set your business up for success and savings.
Is your business ready to make the switch? Connect with us and we’ll talk about how solar panels work and how you can make a difference while saving big.