Make Your Roof Pay Its Way: Solar Payback In An Energy Crisis

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How rising energy costs have meant solar payback is becoming a far more enticing opportunity for commercial property owners.

For many years before he retired, one of my brothers ran a successful international travel business. While the main business was arranging educational travel for college students, he said they often made more money from foreign exchange than they did from selling trips.

So it is with many aspects of business. Seemingly mundane, none core elements of our business, which we pay little attention to, can turn out to be money spinners.

For many businesses, the roof over their premises has always been a liability, requiring expensive maintenance and even costly renewal.

But, with rising energy prices, that situation has now all changed! Your roof is now an opportunity!

The truth is in all but a very few cases it always has been, but rising energy prices mean the return on investment time has been reduced dramatically.

Yes, we are talking about solar panels, although there are other ways of utilising you roof top.

There is estimated to be over 1,000 miles2 of prime, south facing, commercial roof top  in the UK, but many east and west facing slopes are also viable which could triple this figure.

Any building is suitable, including schools, shops, shopping centres, leisure centres, hospital, universities, factories, office buildings and warehouses.

If yours business uses a lot of electricity, such as a warehouse where fresh produce has to be kept cool or a school or leisure centre with a heated swimming pool, then you will benefit the most. And whatever you produce but are unable to use can be exported to the national grid. Most power companies offer payment through the ‘Smart Export Guarantee Scheme’.

We have seen some spectacular examples, even before the recent crisis. One client, a heavy user of electricity, was looking at a six-year return on their £35,000.00 investment, after which they would have a free supply of electricity into the future, which would very soon cover the cost of their new roof as well. We estimate the return in today’s market would be half that time.

Solar panels have dropped in price enormously over the last ten years while battery technology has improved exponentially and cost have fallen at a similar rate. This allows companies to store the excess power they generate for future use or for exporting to the national grid when the price is highest; at night for example.

So rather than consider the current rise in energy prices as a threatening curse we can do nothing about, step out of the headlights and make contact with us to see how you can exploit your roof space and turn a threat into an opportunity.

So whether you are considering a solar scheme on a school, church, hospital or any other such building, contact the team at Maguire Brothers to find out more about sustainable roofing solutions, and how to turn your existing roof into a money generating asset.

This article, as with all other articles we produce, is for guidance purposes only. It does not constitute formal advice and should not be relied upon as such. For bespoke, unbiased advice relating to your commercial roofing project please contact us and we would be pleased to assist.

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