There are several benefits to installing a commercial Solar Panel System in your building. These advantages include increased property value, decreased greenhouse gas emissions, and reduced electricity costs. But before you choose a commercial solar panel system, consider these tips. They'll help you make the right decision for your business. Listed below are some of these benefits:
Increases value of property
A solar panel system can add significant value to a commercial property. According to a study conducted by Lawrence Berkeley National Laboratory, a 6kW PV system can add about $14,000 to $28,000 to the value of a property. The amount of added value depends on how much electricity is used in the area. In addition, it is essential to consider the installation costs, which typically range from $13,000 to $14,000 per kW.
Commercial solar customers often wonder if the investment will add value to their property. This is a difficult question to answer, as the answer is not always clear. The answer is, "it depends" - but it's worth asking.
Reduces greenhouse gas emissions
Using solar energy to power buildings has a number of benefits. It helps reduce the amount of carbon dioxide that is released into the atmosphere. It also facilitates social and economic development and improves people's welfare. Energy is needed by every country in order to meet basic human needs. The need for fossil fuels has led to increased use of these fuels, which can cause environmental problems. Solar energy can alleviate the problem of climate change by reducing emissions.
In the U.S., a large portion of greenhouse gas emissions are generated in the industrial sector. The production of common materials like steel and aluminum requires large amounts of energy. Without proper balance, the gases can affect the survival of mankind.
Reduces demand charge tariffs
Commercial PV systems seem like a no-brainer - they free up valuable roof space for use by the business, but they don't solve the biggest problem of energy use in buildings: steep demand charges. For this reason, a commercial PV system must often use energy storage - an expense that comes with a steep price tag. The good news is that there is a solution. Extensible Energy has developed a new system for commercial solar panel installations that avoids these steep charges.
The PV + storage combination provides a larger demand charge savings under fixed peak period designs. In particular, these systems are best suited for reducing demand charges in late afternoon and evening. The largest savings are found when the storage component of a PV system is sized to meet 20% peak demand and 20% annual demand. However, small storage systems may not provide as great an overall demand savings as larger systems. Therefore, commercial customers are often advised to install larger storage systems for greater absolute demand savings.
Reduces cost of electricity
If you run a business, installing a commercial solar panel system will help you cut your electric bill significantly. Most businesses will experience a reduction in their electrical costs of up to three-quarters. This savings will start almost immediately and will continue throughout the life of the system.
The cost of a commercial solar panel system depends on the amount of power needed to cover the energy needs of a business. Prices of solar panels range from about $50,000 to six hundred thousand dollars in the US. In general, a 100 kW commercial solar panel system can produce 136,000 kWh of electricity each year, enough to pay off an entire electricity bill in Texas. However, these average costs don't include tax incentives and installation fees.
The cost of energy is rising, and non-renewable power sources are becoming scarce. Rising energy costs can negatively impact a business' bottom line. In addition, variable pricing may change the price of electricity throughout the day. LA Solar Group can help your business avoid fluctuation and maintain a consistent energy bill.
Reduces cost of maintenance
The cost of maintaining solar panels for commercial applications can be quite low, especially when you consider how much energy they generate. However, you must take care to ensure that they remain in good condition. In most cases, annual maintenance is sufficient. However, if there are problems with your panels, you may need to hire a professional to fix them.
There are several ways to reduce O&M costs. One way is to install more small inverters, instead of using a single large one. This will cause fewer interruptions to production and will be cheaper to replace. Another option is to invest in automated plant monitoring and alerts, which can spot problems before they affect your system's output. In addition to this, preventive maintenance costs much less than repairs.
