Your empty rooftop could be an asset, saving your business money with solar energy. Installing solar photovoltaic (PV) panels isn’t just a trend—it’s a smart, sustainable solution. Thanks to lower costs, technological advancements, and growing environmental awareness, rooftop solar has become an attractive investment. Here’s why solar is a game-changer for your building rooftop, with a real-world case study to prove it.
1. Rooftop Solar - Cost Savings on Energy Bills
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One of the most immediate benefits of rooftop solar PV panels is the reduction in electricity bills. By generating power with your rooftop solar PV system, your businesses can decrease their reliance on the grid and save significantly. In regions with high energy costs, solar panels can pay for themselves in just a few years, making them a cost-effective solution in the long run.
2. Strengthen Your Sustainability Journey
Solar energy is clean, renewable and significantly reduces carbon footprints. Installing rooftop solar PV panels helps combat climate change by decreasing reliance on fossil fuels. This is especially crucial for businesses aiming to meet sustainability targets or align with Environmental, Social, and Governance (ESG) goals. Your rooftop could be helping your business strengthen its sustainability journey!
3. Energy Independence
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With rooftop solar PV panels, your business can gain greater control over their energy consumption. Rooftop solar can produce power during daylight hours and when paired with battery storage, extend this benefit to nighttime use. This reduces dependence on utility companies and offers protection against rising energy costs.
4. Efficient Use of Roof Space
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Your building rooftops are often underutilized. Installing solar makes efficient use of this space, turning it into a productive asset, as well as a source of savings and sustainability.
5. Public Sector Renewable Energy Policies & Schemes
The Malaysian government offer incentives to encourage the adoption of solar energy, such as green tax incentives – Green Investment Tax Allowance (GITA) and Capital Allowance (CA), and Feed-in-Tariff (FiT). In Malaysia, for example, the Net Energy Metering (NEM) scheme allows solar energy users to export excess energy back to the grid and offset their electricity bills, enhancing the financial benefits of rooftop solar systems. Here is how our client, a factory who decided to use solar on their building rooftop benefitted:
Case Study: A Factory in Malacca
A factory in Malacca decided to install a 2.6MWp rooftop solar PV system to reduce its operational costs and demonstrate its commitment to sustainability. The project included high-efficiency photovoltaic panels and an advanced energy management system.
Results:
- Energy Savings: The factory gained electricity bill savings of over RM 290,000 in just two (2) months. Annually, they saved over 3,321.5MWh in electricity consumption.
- Environmental Impact: The system reduced 436 tC02e within 2 months and 2,113.81 tC02e in a year, equivalent to saving over 1,634.85 acres of forest per year. *
- Enhanced Brand Image: The factory’s sustainability efforts attracted eco-conscious customers, boosting its reputation in a competitive market.
- Return on Investment: With government incentives and energy savings, the factory is expected to achieve a payback period of about 2.1 years.
Become a Sustainability Leader in Your Industry
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Conclusion: The Way Forward
Installing solar panels on your empty building rooftops is a smart move for anyone looking to save money, reduce environmental impact and increase energy independence. Business owners can gain undeniable benefits that extend beyond financial gains to include broader social and environmental advantages, moving forward into the future.
*Calculation is for informational and illustrative purposes.
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