Solar panels can be pretty expensive, so require an initial investment. However, a quality solar panel installation can be very financially beneficial, saving you money in the long run. It does this in two main ways.
Firstly, using electricity generated by your solar panels means that you have to use less power from the national grid. Once you’ve bought your solar panels, your solar electricity is essentially free, meaning that you’re saving money by using this instead of power supplied by your energy company. If you want to maximise these savings, invest in a solar battery so you can store unused solar electricity ready for when you need it.
You can also earn money with your commercial solar panels through the Smart Export Guarantee [https://solar-panels.quotatis.co.uk/smart-export-guarantee/]. This is a government scheme that says that all licenced energy suppliers with 150,000 customers or more have to offer a tariff to renewable energy generators. When you generate solar electricity but don’t use it immediately it gets fed back to the grid – the tariff pays you for every kWh of this.
At the moment there’s no minimum tariff that an energy company has to offer – it only has to be above zero. However, many energy companies are competing to offer the best deal, so you can definitely find a tariff that will pay you for all the unused solar electricity you generate.