Analysts have warned that energy bills could rise by 30% in 2022 if electricity prices continue to soar.

This news will have a big impact on businesses of all shapes and sizes at a time when finances are at their most stretched.

However, the use of renewable energy technology could provide a solution for business owners to reduce their monthly bills.

What Does This Mean For Businesses?

The rising cost of electricity could potentially result in businesses having to take one of the following actions:

  • Pass the increased costs onto customers in the form of higher prices, driving would-be clients to their competitors
  • Cut back on production, leading to lower revenue and possible redundancies.

Businesses that consume large amounts of energy will be most heavily impacted, but all companies will be negatively affected in some way.

What Is The Solution?

Despite this news, there is a tried and tested solution to rising energy bills, and that is – renewable energy technology.

One of the best technologies we have available is solar PV, which can be installed on top of the premises to capture the sun’s rays and then convert them to useable energy.

The benefit is that your building can become more independent from the National Grid by providing the site with its own source of renewable energy. In addition, you can store the excess energy in a battery storage system to be used later or exported for an extra source of revenue.

Solar PV is well-known to be a fantastic long-term solution for a wide range of businesses. Its low maintenance costs and steady generational output allow businesses to focus on their day-to-day operations.

Why Is This Important Now?

In addition to rising energy bills, the cost of petrol is also set to rise due to the plans to reach net zero carbon emissions by 2050. This means that running a petrol car could increase by more than £100 a year.

However, switching to an electric vehicle fleet could allow businesses to take advantage of favourable funding schemes and government grants.

This is now more important than ever as extreme weather events are becoming increasingly common worldwide, as we’ve seen with the recent wildfires in Turkey, Greece, and Italy.

How Can We Help?

As one of the UK’s market leaders in renewable energy solutions, we are in the best position to help your business realise the potential of solar PV.

Ultimately, it is up to us to change towards sustainability and create a greener future. Now is a good time to assess your net-zero aspirations and discuss how we can help you achieve them.

Our team of renewable energy experts is available to provide Net Zero consultancy and renewable (Solar, EV, battery) quotations and installation, operations and maintenance support to asset owners.