THE CASE FOR SOLAR ENERGY
Why Invest in Solar?
1. Tackle Climate Change
According to the The Intergovernmental Panel on Climate Change (IPCC), the biggest cause of climate change is CO2 emissions from fossil fuels. In 2018, 89% of global CO2 emissions came from burning fossil fuels alone. If we are to limit global temperature rise to 1.5°C above pre-industrial levels, we must halve our fossil fuel emissions by 2030. But at the current rate of consumption, we are on track to produce more than double the amount of coal, oil and gas by 2030.
As a RENEWABLE, CARBON-FREE energy source, solar PV can help to drastically cut carbon emissions and drive our dependence away from fossil fuels, ultimately paving the way to a more climate secure future.
2. Save on Utility Costs
The cost of electricity in the UK has been rising for many years, with some energy companies increasing their electricity rates by as much as 10% year-on-year. According Ofgem, the energy regulator, an increase in the wholesale price of electricity, together with the government raising the tax on social and environmental legislation, means that energy companies are having to increase their prices in order to compensate for larger outings.
On the other hand, a report by IRENA, the International Renewable Energy Agency, found that the global cost of solar PV has decreased 82% between 2010-2019. Investing in solar PV can therefore help you save significantly on utility bills by in essence forward purchasing electricity for under 5 pence a kWh.
3. Return on Investment
The cost per kWh unit of electricity sourced from the grid is dependent on many factors, hence it is volatile and rises year-on-year with inflation and cost of production. However, solar PV is non-taxable (for individuals), inflation-linked and dependent only on the sun. Coupled with its falling global cost, solar PV proves to be a valuable investment.
Our strong network of suppliers and our use of high-end technology to design PV systems to maximise their efficiency means that we can deliver your project in-line with strict budgets, and ensure that you make significant energy savings. We offer around 6-8 payback periods on most commercial installs to cover your initial cost and from there on, everything is a profitable investment with a warrantable lifespan of 25 years.
4. Future Proofing
The UK is seeking to decarbonise the energy market, moving away from fossil fuels and replacing them with renewable generation. At the same time, EU pollution control legislation is forcing the closure of older, coal-fired power stations. By installing solar PV, you can not only future-proof your energy supply, achieve significant savings on your utility bills and adapt to changing regulations all the time, but also work towards both a low-carbon and self-sufficient lifestyle.
5. Energy Independence
With solar PV, you can generate your own clean and sustainable electricity to power your needs and store the excess or export to the grid. There’s no need to rely on volatile utility prices and you’ll have peace of mind knowing exactly where your energy is sourced. With the addition of a battery system, you’ll also be able to maximise self-consumption and be protected against losing power during a blackout.