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 of these 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 it to useable energy.
The benefit of this 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 to this, you can store the excess energy in a battery storage system to be used at a later date 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 as the low maintenance costs and steady generational output means that they can 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 as a result of 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 over to an electric vehicle fleet could allow your 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 across the world, as we’ve seen by 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 down to us to make the change towards sustainability in order to create a greener future. Now is a good time to assess your net-zero aspirations and talk to us about how we can help achieve them.
Our team of renewable energy experts are available to provide Net Zero consultancy and renewable (Solar, EV, battery) quotations alongside installation operations and maintenance support to asset owners.
Find our more about sustainable technology here.