Solar Power for Business

• Environmental Sustainability: Adopting solar power demonstrates a commitment to environmental sustainability and reduces a business’s carbon footprint.
• Increased Brand Awareness: By generating clean and renewable energy, businesses can contribute to mitigating climate change and promoting a greener image, which can resonate with environmentally conscious consumers and stakeholders.
• Government Incentives: There are a number of government incentives available to businesses that install solar panels. These can include tax breaks, grants, and rebates.

The specific opportunities that solar power offers to a business will depend on the size and type of business, as well as the local market conditions. However, the overall benefits of solar power can be significant for businesses of all sizes.

Maximise Profits

With energy costs making up a growing proportion of a business’ running costs, anything that can be done to reduce them needs to be considered, and with a range of financial incentives currently available to businesses that install solar panels on their commercial properties in the UK, what are you waiting for?

• The Smart Export Guarantee (SEG): The SEG is a government scheme that pays businesses for the electricity they generate from solar panels and export to the National Grid. The amount of money you earn will depend on the amount of electricity you export and the price set by your energy supplier.
• The Annual Investment Allowance (AIA): The AIA is a tax relief that allows businesses to deduct the full cost of eligible capital assets from their taxable profits in the year they are purchased. This can significantly reduce the upfront cost of installing solar panels.
• Reduced VAT: Solar panels are currently subject to ZERO VAT, which greatly reduces the cost of installation.
• Green Loans: There are a number of green loans available to businesses that want to install solar panels. These loans typically have lower interest rates than traditional loans, and they may also offer other benefits such as longer repayment terms.