In the UK, retail companies are increasingly recognising the importance of sustainable energy solutions. Transitioning from fossil fuels to solar power will align with environmental responsibilities and offer benefits that can enhance your company’s bottom line.
What is Solar PPA?
A solar PPA contract is where your company could get solar installed at your premises free of charge. Your business will just pay for the electricity generated by solar panels, no different from a regular energy contract, just a lot cheaper. This allows companies to get the benefits of having solar without the upfront costs.
Find out more about solar PPA today.
The benefits of solar PPA for retailers
Cost savings and energy independence
One of the most compelling reasons for retailers to adopt solar energy is the potential for significant cost savings. By generating your own electricity, you could reduce your businesses reliance on the grid, leading to substantial reductions in energy bills. For instance, commercial property owners have reported reducing their overall energy utility costs by 75% after installing solar panels.
Reducing your business energy bills by 75% would be great, but it could be even better if you could do it without the upfront cost of solar. Well, now you can, with a solar PPA contract you could have solar installed at your site completely free of charge. The only thing you would have to do is pay for the electricity generated by the solar panels.
Environmental responsibility and brand image
While cost savings are good, why else should your retail business want to invest in free solar?
With sustainability becoming increasingly popular, consumers are becoming environmentally conscious. People now days prefer to support businesses that demonstrate a commitment to sustainability.
By investing in solar energy, retailers can significantly reduce their carbon footprint, highlighting their dedication to environmental stewardship. This not only helps in attracting eco-minded customers but also enhances the overall brand image.
Reliability and minimal maintenance
Another reason your retail business should consider free solar panels is that they are known for their durability and minimal maintenance needs. Most panels come with warranties ranging from 25 to 30 years, ensuring a long-term energy solution with little upkeep. Unlike other energy sources, solar systems have no moving parts, reducing the risk of mechanical failure and associated maintenance costs. Also, with a solar PPA contract, the maintenance of your system will be taken care of by the company that installs your solar panels.
Financial incentives and tax benefits
Governments at various levels offer incentives to encourage the adoption of renewable energy. Businesses can take advantage of tax credits, grants, and other financial benefits to offset the initial costs of installing solar panels. For example, the Solar Investment Tax Credit (ITC) allows businesses to recoup a significant portion of their system’s cost through a credit on their federal taxes.
Retail businesses that are already taking advantage of solar PPA!
Leading retailers are already making significant strides in adopting solar energy. H&M Group, for instance, has entered into power purchase agreements to support their company in becoming more eco-friendly and saving money. The solar PPA projects are expected to provide the company with 124 GWh of renewable electricity per year from 2026.
In conclusion, transitioning to solar energy presents retail businesses with an opportunity to achieve cost savings, enhance brand reputation, and contribute positively to the environment. As the global market continues to prioritise sustainability, adopting solar power positions retailers to meet current demands and future challenges effectively.
If you're ready to improve your energy efficiency whilst driving down energy bills then why not get in touch? With our carbon management plans we will give your business everything it needs to reduce consumption and maximise on savings. . Request a free quote now and start reducing your carbon footprint and energy bills today.
