6 Ways Solar Energy Can Cut Costs for Irish SMEs

Are you an Irish owner of a small or medium-sized business (SME)? Do you want to cut costs and boost your company’s value? Many businesses face high energy costs. This can make it feel like there’s no escape from rising electricity bills. What if you could lower your energy expenses and save the environment at the same time? Solar energy can help with this.

Using solar power can lower your electricity bills. It boosts energy independence and can even help you get government incentives. This post will walk you through 6 ways solar energy can cut costs for your Irish SME, making it a solid choice for the future.

Let’s explore these ways of solar energy to cut costs for Irish SMEs:

1) Produce Your Own Electricity and Decrease Grid Dependency

Your company can produce its own electricity by installing solar panels. You are less dependent on changes in energy costs and price increases from energy providers as a result of a major decrease in your dependency on the national grid. By producing your own electricity, you can eventually reduce your monthly energy expenses significantly.

The electricity you generate can be used directly to power your business’s operations, which will help you control energy use and maintain low rates. Long-term energy security for your small business is another benefit of employing your own solar panels to generate electricity. Solar energy, in contrast with traditional energy sources, is a renewable resource that is not affected by shortages or price changes.

Being self-generating will reduce your exposure to other factors, such as supply chain issues, that might affect energy prices as long as electricity prices keep rising. In this way, you may save money while supplying your company with a consistent and reliable energy source.

2) Utilise Government Grants and Incentives

The Irish government provides a range of grants and incentives aimed at helping businesses invest in renewable energy, including solar panel installation for SMEs. With initiatives like the Micro-Generation Support Scheme (MSS), small and medium enterprises can significantly reduce the upfront costs of going solar. This makes the transition to solar energy much more accessible and affordable.

These supports not only lower the initial investment required but also help businesses achieve a faster return on investment. By easing the financial burden, the government enables companies to start saving on energy bills sooner. In line with Ireland’s long-term environmental goals, these grants encourage more sustainable practices by making solar panel installation for SMEs a practical and appealing solution.

3) Sell Extra Energy to the Grid to Make Money

Solving excess energy and selling it back to the grid is one of the most popular aspects of solar panel systems. The national grid can purchase any extra energy that your company produces but does not consume. Your business can make money from your solar system by employing this method, known as net metering. Your total savings can be much increased, but the amount of money you can earn depends on how much energy you generate and the prices that the utility providers charge.

This lowers your energy expenses and increases the long-term profitability of solar panel installations. Selling extra energy allows you to assist the national grid with clean, renewable energy while also generating extra revenue for your company. You can reduce your expenses, make money from the sale of energy, and help Ireland meet its renewable energy goals.

4) Increase Savings with Smart Technology

The savings you get from switching to solar energy can be increased by utilising smart technologies. You can effectively measure & optimise your energy use with the help of smart metres, thermostats and energy monitoring tools. For instance, smart thermostats automatically alter the temperature of your area based on your usage habits, saving energy when your business is not operating at its best. This kind of energy optimisation results in a large reduction in electricity costs.

Moreover, energy monitoring systems tell you of your energy consumption and highlight any locations where you may be wasting it. Your company’s energy consumption can be optimised and the amount of electricity generated by your solar panels increased by recognising and fixing these inefficiencies.

The ability of your solar system to automatically track and adjust your energy consumption makes it even more effective at saving you money. This makes the combination of smart technology with solar energy an effective way to cut your overall expenses.

5) Store Excess Energy with Solar Batteries

Solar batteries are an excellent way to store excess energy produced by your solar panels if your company requires more energy than your solar panels can supply. You do not have to sell the extra electricity your panels generate back to the grid or let it go to waste on bright days. Alternatively, you can store it in the batteries and use it in cloudy or evening conditions, when solar power generation is at its lowest. This not only increases your energy independence but also ensures that your business has a reliable and consistent power source.

Even more energy savings can be achieved by your company by lowering its dependency on the grid and storing electricity in solar batteries. You can avoid paying the higher electricity rates that are usually charged during peak hours by having energy if your firm is open during off-peak hours.

6) Implement Energy-Efficient Practices Across Your Business

You can save a lot of money on your electricity costs by implementing solar energy and making a few easy changes to increase the energy efficiency of your company. Replace old bulbs with energy-efficient LEDS. Keep your home warm in winter and cool in summer by adding insulation. Choose appliances that use less power. Make it a habit to switch off lights when not in use. It reduces your electricity bills, helps the environment and makes a big difference over time.

You will save even more money if you combine solar energy with these energy-saving practices. You will save even more money if your company becomes more energy efficient because it will require less power from your solar system. Your company can reduce expenses and increase sustainability over time by concentrating on solar energy and energy efficiency.

Want to Make Your Business More Sustainable? Contact Us!

Irish SMEs can cut energy costs and improve sustainability by using solar energy. Firms can achieve energy independence and save money in the long run. They can do this by using government incentives, creating their own electricity, and saving energy. Using solar energy and smart management can lower costs. It can also boost your company’s green image.

Going solar can help you cut energy costs and make your company more sustainable. Contact us or use our contact form to learn about our solar panel installation services. Begin your journey toward a future that is both more affordable and eco-friendly.