We have observed a rising trend of businesses switching to solar energy as businesses and organizations increasingly recognize the advantages of doing so. For several reasons, including lower operating expenses and better public relations for their company, more and more business owners are deciding to invest in solar energy. Likewise, when the cost of solar investment decreases, it becomes a viable choice for business clients.
Market research indicates that solar energy can result in significant energy savings. Switching to solar energy can cut a business property owner’s overall energy bills by 75% in the United States. Commercial solar is already paying off for a lot of big firms. These are a few businesses that have invested heavily in solar.
Features of Commercial Solar Panels
They may be mounted atop buildings and produce enough energy to provide all of the energy requirements of the structure. Business solar panels provide clean, renewable energy with minimum maintenance requirements and no carbon emissions, an issue that has gained international attention.
The following are the main features of commercial solar panels:
- Commercial buildings have enough space for a significant number of solar panels to be deployed and can create enough solar electricity to cover all of their energy demands, therefore commercial solar panels may be installed on their rooftops or other open spaces.
- Commercial solar panels provide sufficient electricity during the day so that it may be captured and stored for use at night.
- Commercial solar panels are extremely durable and require little maintenance.
What is the Future of Commercial Solar Panels?
It is one of the most frequently asked questions about commercial solar panels. No doubt the future of commercial solar panels is bright just like the home solar panels. All the credit for the bright future of solar panels goes to the experts who are continuously working to improve solar panels to a peak level. They have been working on the efficiency of solar panels for the last few decades and achieved fruitful results from their tremendous hard work.
Other reasons for this fact include awareness of the benefits of green solar energy and increasing prices of grid energy. Along with all this, the business always wants to cut down its expenses to enhance its profit margin. All these reasons are leading businessmen and industrialists to invest in solar panels.
Reasons for the Bright Future of Commercial Solar Panels
Following are the reasons why commercial solar panels have a crystal clear bright future.
Solar panel companies continue to make significant advancements in terms of technology, including the creation of hybrid cells and PV cells with higher efficiency (20%). For the general public, these technologies are becoming more and more available.
Lead is no longer required in next-generation solar cells thanks to a new type of material that has been developed. This has been a significant obstacle to raising this technology’s efficiency.
Since the mineral perovskite was first demonstrated to function in solar cells in 2009, researchers have been attempting to integrate it into these devices. This material can be used to make solar cells that are more effective than the solar panels we now use. Perovskite solar cells have been discovered to be up to 28% more efficient than current solar panels, which typically only absorb 15% to 18% of solar energy.
Nevertheless, because of their instability and the presence of water-soluble lead, which poses a health risk, there are significant barriers to their commercial usage.
While they are currently not generally accessible in the UK, certain PV businesses in the US are creating almost transparent cells composed of a glass-like plastic substance that substantially reduces the aesthetic impact of PV arrays. Electricity might be produced on-demand from windows and other discrete objects using transparent and paper-thin technologies.
These commercial solar panels will come in working in near future as a great revolution in the field of solar energy. The people owning commercial buildings will have a chance to use the door and large windows to install the transparent solar panels. In this way, they will produce more energy without consuming a greater part of the roof or lawns.
Increased Storage of Solar Batteries:
Just five years ago, the first Tesla Powerwall was launched. The most recent model now offers three times as much power and more than twice as much storage. It happened in five years. In the upcoming ten years, there will be significant technological advancements as consumer technology costs decline and become more effective.
Fossil Fuels are dying:
Financial analysts predict that the fossil fuel industry will experience “terminal collapse” due to declining demand, increased investment risk brought on by competition from renewable technologies, and stricter government climate objectives. The country’s coal-fired power facilities are going to shut down roughly three times quicker than anticipated, with some outdated and inefficient coal power plants closing recently.
We are switching to a greener world:
More than ever, people are making an effort to be ecologically mindful. Businesses all across the world are paying note since this is especially true among younger generations. If companies want to compete in a greener future, sustainability is becoming an increasingly important need.
Solar technology is reshaping our lives:
Technology has an exponential development curve and transforms societies like nothing else. This indicates that while technology advances, they do so gradually at first before picking up speed with each succeeding generation.
Consider how long it took for the first iPhone to be created, and then how long it took for the first iPhone to be replaced by the most recent model. The same is true for solar technology. Now, advancements and discoveries are occurring virtually frequently.
Solar Energy and Global Companies
Following worldwide renowned companies are already using solar panels and some will be completely dependent upon solar energy. Hence, the present and future of commercial solar panels if bright. We can see it from the given examples of different countries.
Amazon has started making solar energy investments to reduce operating expenses, which will ultimately result in more savings for customers. By the end of 2023, Amazon will have 130 renewable energy projects operating throughout the world that can produce over 6,500 MW and provide more than 18 million MWh of energy annually. Along with constructing solar farms, Amazon has also begun constructing wind farms, which combined will provide up to 3.6 MW/hours of renewable energy annually.
The fact that Google has maintained a carbon-neutral status for more than ten years is amazing. By 2017, Google has become the first firm of its scale to match 100% of its power usage with renewable energy, having achieved carbon neutrality in 2007. Google is now the largest business consumer of renewable energy in the world. They also intend to completely decarbonize their electrical supply by 2030 and run continuously on carbon-free energy.
In light of the risks posed by climate change, Ikea wants to take the lead in lowering the cost of solar energy. Ikea has set out to achieve energy independence for its operations by producing as much renewable energy as we use. Around 100 shops and other structures currently have solar panels installed by Ikea totaling over 750,000.
In 2018, Apple signed the deal that it too used only renewable energy worldwide. This accomplishment includes co-located buildings, retail outlets, offices, and data centers throughout 43 nations. In addition, the business operates at least 28 renewable energy projects throughout the world, with 15 more under development, including its wholly solar-powered corporate headquarters in Cupertino. These initiatives will produce approximately 1.5 gigawatts of clean, renewable energy when combined, and they have purportedly cut greenhouse gas emissions by 64% since 2011.
Solar energy is continuously gaining fame in almost all sectors. The use of clean energy is increasing all over the world without any discrimination between developed and underdeveloped countries. Commercial solar panels are a great way to maximize the profit margin. Electricity bill is the biggest expense of any industry or commercial building.
The use of solar energy gives relief from the electricity bill and increases the profit margin. This factor is leasing all the businesses to invest in solar panels. Many businesses are already using solar energy and others are on the same path. In the future, space for solar panels will be a necessary part of the designs of commercial buildings and large factories. Solar energy is the future of the commercial world.