By harnessing the power of solar energy, commercial landlords are:
- Maximising cost savings
- Contributing to environmental sustainability
- Increasing property value and
- Meeting market & community demand.
Let’s uncover the many benefits of installing solar and batteries on your commercial investment property.
Maximising cost savings
One of the biggest outgoings for commercial leases is electricity. Installing a solar PV system and storage on your commercial investment property can help offset a significant portion of the property’s energy consumption, leading to long-term savings on utility bills.
Incorporating electricity bills into the tenancy agreement is a great way to nullify the initial cost of the system too. More importantly, tenants will be happy to avoid rising energy costs, and over time your independence off the grid has the potential to make you money.
Contributing to environmental sustainability
In general, solar-powered properties have a competitive advantage from competitors in the rental market, and make the property a more desirable asset. As a landlord, you can promote your environmentally-friendly practices and attract businesses that align with your sustainability goals, especially for businesses that consume a lot of energy.
Businesses and tenants are increasingly prioritising sustainability practices high on their ESG agenda, as well as looking for ways to avoid the burden of rising energy costs.
Increasing property value
Installing solar on your commercial investment property is a long-term investment that can continue to provide benefits over many years, including ongoing cost savings and potential resale value.
Every business wants to cut its overhead cost. Overhead cost includes expenses outside of wages and operational materials, and one significant overhead expense is electricity. The average business can reduce their electrical overhead by circa 70% and this saving can start immediately after converting to solar power and will continue for the rest of the system’s life.
But the relationship of the value of your property is directly proportional to the size of your solar panel. This means a more extensive system with a larger solar capacity can lead to an increase in your land’s value. Secondly, the greatest value increase in property would come from the ownership of your property and the solar system in place. If you were to own the system outright, it has the tendency to enhance the value of your property more than if you were to lease the solar system.
Meeting market & community demand
The clean energy revolution is at a tipping point. Energy costs are increasing to unprecedented levels, so these prevailing tailwinds are positioning solar to be the renewable energy standard.
Transitioning to solar power is a simple and cost-effective way companies can improve their ESG performance while benefiting their bottom line. It is now the norm – sustainability attracts customers, investors, and lenders. Customers are often willing to pay a little bit more to buy from a company they believe supports their values.
Why UNIfied?
At UNIfied, we are here to ensure your renewable energy transition is as efficient and seamless as possible. We are here to help households, businesses and landlords pay less for their electricity bills.
Contact UNIfied today or call 1300 817 847 to achieve greater savings in these precarious times, and start your journey of clean energy living!
