Solar power technology is one of the latest inventions by human beings and a popular energy source for businesses. It involves converting sun energy into electrical or thermal energy.
The good thing about solar energy is that you can use it anywhere. For instance, if you want to run a pop-up shop, you won’t be worried about how to power your machines. You can always carry your portable power stations to streamline the process.
Pros Of Solar Energy
There are several benefits of solar energy. Some of these include:
- Helps Reduce Energy Bills
Undoubtedly, power from fossil fuels can be expensive since they’re affected by things like political and social instabilities. Therefore, using them adds more costs to your company in terms of energy bills.
On the other hand, solar energy isn’t affected by political and social situations. Therefore, using it helps minimize your electricity bills. Besides, the process of generating solar energy is cheap. All these ensure you can save money and you can utilize it in other areas of your enterprise.
- Helps Save The Environment
If you’re environmentally conscious, you must shift to solar energy. That’s true since this type of energy is clean and renewable.
The solar panels tap the energy from the sunlight. This helps avoid emitting harmful substances into the environment. As a result, you’ll reduce your carbon footprint to secure the environment.
- Solar Panels Can Be Integrated With Solar Battery Storage
Another benefit of solar energy is that the panels can be paired with batteries to help store electricity for future use. For instance, if your brick-and-mortar store runs 24/7, you can charge your batteries during the day and use energy at night.
You can also use the stored energy to run machines in rainy seasons. All these ensure your company doesn’t experience many disruptions.
- Solar Energy Comes With A Tax Benefit
Paying taxes is good since it enables the government to get revenues to fund its projects and processes. However, it adds costs to your company, which reduces your profits. It’s, therefore, important to find effective ways to reduce your tax burden. And one of the best ways to achieve this is by investing in solar energy.
The government allows businesses using solar energy to claim a portion of their solar photovoltaic investment, which is an incentive to enterprises that have decided to go green. Therefore, opting for solar energy will enable you to reduce your taxes and save money to grow your company.
- Offers Energy Independence
Shifting to solar energy means you’ll no longer depend on utility providers to get electricity to run your business. It allows you to generate and sustain your own energy.
Additionally, solar energy allows you more freedom to increase your consumption. And if you produce more energy than you can use in your business, you can always export it and receive credit.
Cons Of Solar Energy
Although there are several benefits of solar energy, there are also some drawbacks. They include the following:
- Requires A Large Space
One of the drawbacks associated with solar energy is the space requirement. That’s true since you’ll need a space where you can fix your solar panels and thermals.
The number of panels and thermal you require depends on the size of your company. But whichever is the case, you need a space for them. Therefore, before you begin your journey of installing solar energy systems in your company, first determine whether you’ve got enough space.
- Comes With High Initial Investment Costs
As noted earlier, installing solar energy systems helps reduce electricity bills, which is a good thing for the success of your enterprise. However, installing the system can be very expensive. For instance, high-quality solar panels and other tools will cost you a lot of money.
Besides, installing the system can also be expensive, especially if you hire experts to do the work for you. Additionally, you’ll have to pay for licenses and inspection fees. For that reason, you need to have enough budget for the task.
- Unavailable At Night
Another disadvantage of solar energy is that it’s unavailable at night. That’s true since it depends on sunlight to generate electricity. Also, your system might not work during the cloudy or rainy season. But you can use the batteries to store energy for the night and bad weather.
Solar energy can be a game-changer for your company since it allows you to always run your machines, even during blackouts. But to help decide whether you should go in this direction, you need to understand your company’s energy needs.
If you require more energy than what’s provided by utility service providers, the best deal could be to invest in solar energy.