Solar Panel Installation Cost…
…and how you can make powerful savings with a commercial solar electric system
Solar panel system installation is a game-changer for industrial & commercial operations, delivering cost savings, energy independence, and environmental sustainability. It’s a super smart choice for anyone who wants to reduce their carbon footprint, benefit from stable energy costs, lower peak demand charges and minimal maintenance.
Right now, you can also take advantage of financial incentives, stable energy costs, and scalability.
The cost of a solar power system can also be seen as an investment in your reputation and presents an invaluable marketing opportunity: customers are increasingly choosing suppliers based on eco-credentials and sustainability.
In a world focused on clean energy, solar is the key to a greener, more efficient, and cost-effective industrial future.
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Savings & Sustainability
The bottom line on Initial Capital Investment, ROI Over Time, Financial Benefits, Environmental Benefits, Financing Options and Maintenance Costs.
Commercial & Industrial Solar Electric System Costs
We walk you through ballpark estimates for small to medium systems, medium to large systems and large-scale systems.
Solar PV Financing Options
Explore options that include Energy Efficiency Financing, the Smart Export Guarantee (SEG), Green Investment Funds and Local Authority Grants.
Get in touch if you want to talk it over.
How we’re saving a UK manufacturing business £80,000, year on year.
The solar power for commercial premises we designed for ITL Vacuum in Hastings is achieving astounding annual savings of £80,000 in daytime electrical energy costs.
This forward-thinking manufacturing business is making substantial strides in reducing its carbon footprint, preventing the release of over 80,000 kilograms of carbon dioxide into the atmosphere each year.
Manufacturer Solar PV Success!
The astounding annual savings of £80,000 in daytime electrical energy costs is just the beginning; they’re also capitalising on additional annual earnings through energy exports, thanks to the Smart Export Guarantee (SEG).
Savings & Sustainability
Remember when going green used to cost the earth? Not any more.
The caveat? Transforming your business to become more energy sustainable can incur a greater outlay, but it can also realise incredible savings in the long term.
So given the high price of energy right now – not just electricity – your choice is to pay more, more often for traditional electricity, or invest in the cost of solar panels and save £££s in the long term.
However, it’s not just the impressive Return on Investment (ROI) that sets solar PV apart.
So, while the Return ROI for large-scale solar projects can be quite attractive, it’s important to note that the initial capital investment for large-scale solar projects should not be underestimated, even though the ROI potential is substantial.
The ROI’s attractiveness often stems from the long-term financial benefits of solar energy, including reduced energy bills, potential income from excess energy generation, and environmental incentives.
Solar Costs: The Key Points
Initial Capital Investment
Large-scale solar projects involve significant upfront costs. Those include the cost of the technology, including the purchase of solar panels, inverters, mounting systems, and installation expenses.
These costs can run into the millions of pounds for utility-scale installations.
ROI Over Time
The ROI for large-scale solar projects is typically achieved over an extended period, often spanning several years or even decades.
However, this depends on factors like energy production, electricity prices, and any income generated through feed-in tariffs or power purchase agreements (PPAs).
As we’ve demonstrated it ITL, those industrial and manufacturing facilities that use more energy, have the greatest potential to maximise savings opportunities.
Financial Benefits
Even when factoring in the initial investment, solar projects offer a range of financial benefits.
These include:
- Reduced energy bills
- Potential revenue from selling excess electricity to the grid
- Incentives such as feed-in tariffs or renewable energy certificates.
Got a minute? Here’s your quick guide to easily transforming energy costs from a drain on resources to a business asset that gives you a competitive advantage. “Commercial, Large Scale Solar PV & Maintenance for Warehouse and Industry that’s Better for Your Bottom Line.”
Environmental Benefits
Solar projects contribute to reducing greenhouse gas emissions and can enhance a company’s sustainability profile, which may have intangible benefits such as improved brand reputation.
Financing Options
Many organisations opt for financing solutions, such as loans, leases, or power purchase agreements (PPAs), to spread the upfront costs over time. These options can make solar installations more financially manageable.
Read more about solar PV finance options below
Maintenance Costs
While solar panels require minimal maintenance compared to other energy sources, ongoing maintenance and monitoring are necessary to ensure optimal performance.
As with any energy source, these costs should be factored into the overall investment.
Want to know more about Solar Maintenance & Optimisation? It’s all here: Commercial Large Scale Solar PV & Maintenance for Warehouse & industry.
Randoll Industrial’s Process for Commercial & Industrial Large Scale Solar PV
Commercial & Industrial Solar electric system cost
Just as premises and production types vary widely from sector to sector and industry to industry, the cost of warehouse, industrial, and commercial solar panel installation can vary widely depending on several factors.
The factors we take into account when designing and configuring a solar PV arrangement include the size of the solar PV system, location, roof type, equipment quality, and local labour rates.
To give you a ballpark estimate, we’ve put together cost ranges based on the size of the installation:
Small to Medium-Sized Systems (10-100 kW):
Cost Range: £900 – £1400 per installed kW.*
Total Cost: A small to medium-sized system can cost between £10,000 to £250,000.
Medium to Large Systems (100-500 kW):
Cost Range: £700 – £1200 per installed kW.*
Total Cost: A medium to large system may cost between £80,000 to £1,100,000.
Large-Scale Systems (500 kW – 1 MW+):
Cost Range: £600 – £1100 per installed kW.*
Total Cost: Large-scale systems can range from £350,000 to several million pounds.
*Figures represent UK average indicative costs and are subject to market fluctuations.
It’s important to note that these are rough estimates, and actual costs can vary significantly based on the specific project’s characteristics and requirements.
Additional factors that can influence the cost of solar panel installations in commercial and industrial settings include:
Roof Type: Different roof types may require different mounting and installation methods, affecting costs.
Location: Energy prices, local permitting and inspection costs, and incentives or rebates can vary by location.
Equipment Quality: High-quality solar panels, inverters, and mounting systems may have a higher upfront cost but can lead to better performance and longer lifespan.
Complexity: Projects that require more extensive electrical work or involve challenging installation conditions may incur higher costs.
Additional Features: Battery storage systems or other advanced features may add to the overall project cost.
Maintenance and Ongoing Costs: Consider the cost of regular maintenance and monitoring to ensure the system’s longevity and performance.
To get an accurate estimate for your specific warehouse, industrial, or commercial solar panel installation, ask us!
Click here or call 0800 433 2019
We can assess your site, energy needs, and project requirements to provide a detailed and tailored cost estimate.
Coming soon – more about our “Solar photovoltaic panel installation processes and timescales.”
Exploring available incentives, tax credits, and financing options can help reduce the upfront cost of your solar installation.
Large Scale Solar PV
Maximising efficiency.
Minimising cost.
Solar PV Financing Options
The good news about solar panel installation costs? Help is available!
Just a quick note: Yes, we’re the experts in configuring, installing and maintaining the best Solar PV system for your industrial facility, but we’re not financial advisors or finance consultants!
We can help you to plan for and implement your solar PV ambitions. But when it comes to intricate financial decisions, it’s imperative to engage with specialists in that field.
Solar PV is more than just a sustainable energy solution. It can also be a long-term strategic investment that offers significant energy cost savings. When fuelled by business capital, the resulting return on investment can be impressively cost-effective. To sweeten the deal, certain government-backed schemes pave the way for grants and additional funding avenues.
Here are just a few of the options that may be open to you:
Energy Efficiency Financing
We can help you to get the right advice on this from our carefully chosen, top-tier finance agents.
They’re the experts in crafting bespoke low-interest loans and lease plans, all geared towards enabling you to adopt solar and energy-efficient technology.
It’s just another one of the ways we work hard to clear the way for you to take advantage of the power of Solar PV.
Ask us about our finance partners – we’ll put you in touch!
Smart Export Guarantee (SEG)
OFGEM’s Smart Export Guarantee Scheme is a government initiative that incentivises businesses like yours to generate revenue from renewable energy.
Launched in January 2020, the SEG replaced the earlier Feed-in Tariff (FiT) scheme. Under the SEG, households and businesses with solar panels, wind turbines, or other eligible renewable energy systems can receive payments for the surplus electricity they export to the grid.
The scheme aims to promote the transition to cleaner energy sources, empower consumers to become more energy self-sufficient, and contribute to the overall reduction of carbon emissions.
The payments are typically made by energy suppliers, and the rates may vary depending on the supplier and the terms of the agreement.
Green Investment Funds
Green investment funds in the United Kingdom are catalysing the transition towards a more sustainable and resilient future.
These funds play a crucial role in supporting projects that focus on renewable energy, energy efficiency, and other environmentally friendly technologies.
Investors in the UK are increasingly recognising the importance of aligning their financial portfolios with eco-conscious principles, and green investment funds provide an avenue for them to do so.
With a commitment to both financial returns and positive environmental impact, the demand for green investment funds in the UK will continue to rise.
Local Authority Grants
Many local councils are taking a proactive role in promoting the adoption of solar PV and renewable energy. This includes implementing innovative financing mechanisms and enabling businesses to invest in sustainable practices.
These initiatives often include grants, subsidies, or low-interest loans for businesses looking to install solar PV systems or implement other renewable energy projects.
As well as offering financial support, councils are creating a conducive regulatory environment, streamlining permitting processes, and offering technical assistance to facilitate the integration of renewable energy technologies.
By taking a proactive stance, local councils are not only helping businesses reduce their carbon footprint but also fostering economic growth through the development of a clean energy sector.
With a blend of tailored financing options and government-backed incentives, there’s never been a better time to make the transition to solar. And with partners like us by your side, the journey promises to be as smooth as it is rewarding.
