Solar panels are a great way to use sustainable, natural resources to create energy. They can be used to collect sunlight and convert it into energy that can be used for electricity.
Even if you don’t collect enough sunlight for all of your electricity, you can collect enough of it to significantly reduce what you do use.
Once you’ve paid for the initial installation, your electricity costs will be reduced, thus protecting your business from rising costs. For every unit of electricity you generate, the government’s Feed-In Tariffs pay you for the electricity you generate, whether you use it or not. The Feed in Tariff is guaranteed for 20 years, thus providing a strong residual income.
If the building is empty and/or you are not using the energy generated, then you can sell that energy back to a supplier. Therefore you would receive income from the export as well as the Feed in Tariff. Depending how the project is financed, solar panels can potentially increase the value of your property.
