Photovoltaic (PV) Solar Energy Systems present a significant opportunity for landlords to offer value for their tenants and occupants whilst also reducing operational carbon across their portfolio, helping to bring properties into line with current standards and adding value to your property assets. As we’ll show, it really is a win-win for landlords.
Solar PV Benefits
Solar Photovoltaics (PV) are one of the most advanced renewable energy technologies and by far the most advantageous for landlords to consider. As soon as they are installed, you immediately start to benefit by saving money on the operational running costs of your building as they will reduce the amount of power that needs to be purchased from the national grid, which can be an extremely useful offset as energy tariffs continue to climb. In fact, on high production days (if you do not have battery storage for your own internal use), you may even make money from selling your excess power back to the grid.
Solar PV has the fastest return on investment of any onsite renewable energy generation, potentially in as little as 4 years and typically within 6 years. Ground source heat pumps for example, typically take 12 years. Modern panels are built to last; Garland UK’s Solarise System will still generate at least 80% of the initial output 25 years after installation, ensuring continued benefits for years to come.
Another great thing about Solar PV is that it allows you to fully utilise your existing unused roof, turning what is usually an inaccessible space into a positive asset for your whole building.
There are some other benefits of Solar PV to keep in mind:
- Reduces carbon output of business
- Provides added market value through ‘Green Premium’
- Quick installation
- Super Tax deduction (available until the end of March 2023)
- Operational leasing available
- Low maintenance
- Low-risk investment (as we’ll prove later)