It is a known fact that when it comes to solar polar, commercial solar power has lagged behind residential solar power over the years for several reasons. But, the good, no, the great news is that there are indications that this industry is about to experience rapid expansion. Additionally, the incentives could be substantial for anyone who can successfully traverse these projects’ intricacy!
It’s our job to explain and explore many facets of commercial solar power. How does it assist the solar industry? Find out!
Commercial solar power—What is it?
Before we talk about commercial solar power, let’s do a background study on “commercial solar” first.
First off, comparing commercial solar to residential solar for homes may seem simple. Commercial solar is simply defined as solar for businesses.
Commercial solar, however, covers a wide range of diverse customers and projects. For example, Governments, schools, universities, and even charitable organizations can be “commercial” solar clients in addition to enterprises of all sorts, from global conglomerates to neighborhood small businesses.
In summary, commercial solar power is simply power generated from the commercial use of solar energy.
Potentials of Commercial solar
Taking the USA as a case study, Researchers at UC Davies discovered that the 770,000 square meter rooftop of the largest commercial building in the United States, a Texas-based aerospace corporation, could produce 88 million kilowatt hours (kWh) of renewable energy! That massive amount of solar power is sufficient to power approximately 5,200 houses for a year, offset 47,800 metric tons of carbon dioxide, and preserve up to 388 acres of land, according to the Washington Post!
Now, just imagine if we had such an amount of commercial solar power in Australia!
Limitations of commercial solar
Despite the overwhelming evidence available that commercial solar has plenty of potentials to develop enough solar power, limitations still exist.
Commercial vs Residential electricity—Cost
A number of reasons exist why commercial solar lags behind residential solar, one of such of whom is the fact that the prices actively compete against each other. While residential electricity price is greater than the average commercial solar, it will be quite difficult convincing homeowners to buy another barrier. It’s like talking to a brick wall because first of all, most people live in houses that is not theirs—they are tenants.
Installing commercial solar power in such houses will have its unique challenges.
Any solar installer is aware that of the most prominent significant barrier to solar sales is financial viability. Therefore, selling commercial solar systems may be more difficult than you could imagine.
However, a platform can be created where consumes and third parties can participate and invest in energy infrastructure assets that will increase the value of commercial solar power in the eyes of the populace.
Benefits of commercial solar power
Among many benefits, the two major benefits are:
It saves electricity operational cost
An important cost for any organization is the rising cost of electricity. In comparison to apartment buildings, commercial buildings utilize a lot more electricity per unit of energy. The good news is utilizing solar energy will lessen the company’s reliance on electricity from the utility, resulting in lower electricity costs.
It cuts down on greenhouse gas emissions & pollution
Installing solar panels for power use lowers the nation’s pollution and greenhouse gas emissions. Have you learned a thing or two from reading this article? Let us know!
Paul is an content marketing strategist and serial entrepreneur.