While households have led the way with the use of solar energy, commercial, industrial and resource sectors are now installing solar panels at record rates.
The key factors of increasing energy costs, faster return on investment, new technology, and concerns about environmental impact and corporate social responsibility had created the perfect storm for commercial investment in solar power.
Recent figures from solar industry consultancy SunWiz suggest a 33% increase in installations across residential and commercial developments in WA last year.
With the recent hike in energy prices and more pending, the commercial sector is now actively pursuing the use of solar power.
Over the last five years, there has been a dramatic fall in the cost of installing solar power, especially rooftop panels and land developers, commercial property portfolios, schools and aged care should be embracing this.
There’s a wealth of benefits with commercial solar and storage which we are deploying into retirement villages, schools, large commercial property and now the mining sector.
Mining is shaping up as a growth market for renewable energy. Now that construction is complete, miners are looking to optimise the efficiency of their operations which are largely dependent on diesel.
Solar power is attractive because:
- grid supplied electricity prices are increasing again
- the component costs of solar have dropped significantly
- a solar power system requires little maintenance and will provide electricity for up to 40 years
- making electricity from solar power will reduce emissions which means companies are pro-actively reducing pollution
The combined effect is a winning business case.
There’s never been a more exciting time for commercial companies to embrace solar power in Australia.