Do you have commercial solar panels installed at your business or home? If not, you’re missing out on some big savings! While installation costs can add up, it’s not difficult to recoup these costs over time when you look at all the financial benefits commercial solar panels Melbourne offer: unlimited energy generation and no monthly payments. If you’re thinking about installing them, or if you already have and want to take full advantage of your investment, here are five ways to maximize your savings with commercial solar panels.
Learn about rebates
There are many solar rebates available to commercial businesses, and taking advantage of them can save you a lot of money. The federal government offers a tax credit for businesses that install solar panels, and many states have their own rebate programs as well. Additionally, utility companies often offer rebates for businesses that switch to solar power. Doing your research and taking advantage of all the rebates available to you can help make your commercial solar panels Melbourne installation much more affordable.
Learn about power purchase agreements
A power purchase agreement (PPA) is a contract between a solar developer and a host site owner, such as a business or public entity, to sell the electricity generated by a solar system on the host site owner’s property.
Under a PPA, the solar developer owns, operates, and maintains the solar system, while the host site owner agrees to buy the electricity generated by the system at a fixed price per kilowatt-hour (kWh) for a predetermined period of time – typically 10-20 years.
PPAs are becoming increasingly popular as they offer businesses and other organizations an opportunity to go solar with little or no upfront investment.
Learn about tax incentives
The federal government offers a tax credit for businesses that install solar panels. The amount of the credit is equal to 30% of the cost of the system. There are also many state and local incentives that can help offset the cost of installing solar panels. Be sure to research what incentives are available in your area.
Understand microgrids
A microgrid is a local energy grid with electricity generation, storage, and loads all managed locally. Microgrids can be powered by renewable energy sources like solar and wind or by more traditional means like natural gas or diesel. When connected to the main grid, microgrids can provide backup power during outages and help utilities manage peak demand. But even when disconnected from the grid, microgrids can keep the lights on for critical facilities like hospitals and data centres. Here are five ways to make the most out of your commercial solar panels
Buy renewable energy credits.
When you go for commercial solar panels Melbourne, you not only save money on your energy bills, but you also help support the growth of renewable energy. One way to maximize your savings is to buy renewable energy credits (RECs). RECs are like solar miles that businesses can purchase to offset their carbon footprint. By buying RECs, you help support the development of new solar projects and drive down the cost of solar panels.
Plus, RECs can be used as a marketing tool to show your customers that your business is committed to sustainability.
