Solar PV has contributed hugely towards driving the UK towards their target of generating 30% of electricity from renewable sources by 2020. Photovoltaics (PV) is the direct conversion of light into electricity at the atomic level. Some materials exhibit a property known as the photoelectric effect that causes them to absorb photons of light and release electrons. When these free electrons are captured, an electric current results and this can be used as electricity.
Solar PV is one of the simplest renewable technologies with the fewest moving parts enabling Solar Photovoltaic manufactures to offer 20-year product warranties and 25-year performance output guarantees.
A key driver to the uptake of Solar PV is the financial savings – by generating free electricity on site you are becoming less reliant on consuming electricity via your supplier. Most businesses pay between 10-15p per kWh from their electricity provider. Businesses that have invested into solar are savings thousands of pounds every year.
By installing Solar PV, you are hedging against electricity inflation, generating electricity on site you have a certain amount of electricity that will always be free. The cost of electricity over the past 10 years has increased year in year. The Electricity grid is also currently struggling to generate significant electricity supply to meet the growing demand of the UK. In some cases, the grid charge additional rates for using electricity at certain times in the day to help balance the grid, this is known as Triad charges.
At the Paris climate conference (COP21) the UK alongside 194 other nations committed to taking actions to keep global warming well below 2 °C.
Generating renewable electricity on site will reduce your carbon output and you could offset most, if not all, of your business carbon emissions.
Generate renewable electricity has been seen a way of improving your Corporate Social Responsibilities (CSR), it also enhances relations with eco-conscious suppliers and customers. Some well-known-brands have stipulated some form of on-site renewable generation before having a close working relationship.