Gridworks Commercial Solar
Gridworks Energy is here to help turn solar energy into a return on investment while lowering our overall impact on the environment. We provide peace of mind, our first Solar PV installation was in 1998, so you know we will be there for decades to come for all your Solar needs.
Investing in a solar system for your commercial space has several positive effects for your business, the community and the environment.
Economics of Solar Installs
Strictly speaking, solar energy just makes good business sense. Excess energy exported to the grid yields a credit equal to the consumption price, based on Micro-Generation laws.
This allows your business to earn credits for energy that isn’t consumed and is sold back to the electrical grid. Generating solar power to offset your electricity use from the grid reduces your operational costs and saves you money.
Gridworks provides a simple, easy to understand economic analysis as part of every proposal. This analysis will be tailored specific to your electricity rates, service type, wires service provider and solar system specifics. Helping you harvest the sun with solar to reduce overall operating costs for your business.
5 Reasons to Invest in a Commercial Solar System
1 - Certainty in an Uncertain Energy Market
Producing solar energy creates certainty in an uncertain energy market. In Alberta’s energy-only market system prices can wildly fluctuate as supply and demand determine prices. In 2020 prices fluctuated as much as 83%, while in 2021 prices have fluctuated over 300%
2 - Economic Value
Saving money over the long term while creating an investment opportunity. Once set up, your commercial solar system will produce energy from the sun and convert this to electricity that is sold back to the electrical grid, if it is not consumed by the electrical infrastructure.
This creates a cheaper alternative than buying electricity from the grid. Not only will your business be partly self sufficient for energy, this creates a passive income for your business as well.
3 - Community Impressions
Installing solar panels displays a commitment to community and future generations. Being seen as a green and progressive business today has several positive effects from surrounding businesses and communities.
4 - Environmental Impacts
In the past, many have said that they cannot alone change the scenario of increased pollution in the environment. Solar panels have changed this mentality of people. Solar PV systems produce clean energy, reducing greenhouse gas emissions and reliance on fossil fuels.
The largest emitting sectors in Alberta are oil and gas production at 50% of emissions, electricity generation at 16%, and transportation at 11%.
By harvesting renewable energy from the sun, the demand for sources of electricity from fossil fuels is reduced while lowering the environmental impact.
5 - Solar Equipment Warranties and Maintanance
Commercial Inverters typically have a warranty of 5 – 15 years that in many cases can be extended. While Solar Panels have a production warranty of 25 – 30 years.
We will be there the whole way to help with warranty claims. With up to 30 years of warranty, there is nothing to lose going solar today.
Solar panels provide the user with low upkeep. They don’t require any maintenance. Snow losses are minimal over any given year, as low as 0.6%, to highs of 5.5%.
Commercial Solar Module Costs and Installation
Costs of Solar Panels have dropped 70% between 2008 and 2020 which equates to 30-45% of the total cost of a solar install. Globally the cost has dropped by 82% for Solar PV installations since 2010.
Economies of scale play a major role in the Solar Industry, in most circumstances the larger the installation the smaller the price per watt. Prices, prior to any rebates or subsidies can range from $0.90 to $2.00 per watt.
Frequently Asked Questions About Solar for a Business
The more direct and intense the UV rays from the sun, the higher the production of energy produced by solar panels will be.
There will always be electricity generated as long as there is visible light, though it will be less.
The amount of energy solar panels will produce depends on several factors, including the weather and general climate of the area your panels are installed.
Depending on the style of building, there are different variations in technology that can be used to improve the effectiveness of solar panels. Contact us to find out the best individual solution for your situation.
No, it is very uncommon that you will notice any interruption when implementing solar panels for your business. The solar power systems we install are grid-connected and do not require batteries.
By installing an electric meter you can monitor how much solar energy each tenant is using and bill them accordingly.
In Canada, depending on the time of year means you’re building may not use all the solar energy generated on a daily basis. In this case, you’re able to sell the energy back to the grid, increasing the profitability of your commercial solar system setup.
Even if you don’t consume all the energy solar generates, none of it is wasted. The excess energy generated will be sold to your electrical retailer and that energy will be dispersed to your neighbors for consumption.
Depending on the size of the system you can create credits equal to your electricity consumption costs over the year by switching to solar. Keep in mind that most solar setups usually aren’t meant to completely remove your need for the regular electricity grid, but to reduce your reliance on it.
Here are the current solar incentives for Alberta.
The addition of a solar system will undoubtedly increase the value of a commercial property. Not only that, investing in renewable energy gives the image of a green-friendly business and updates the physical appearance.
Depending on the size of the system and the amount of energy that it creates in comparison to your consumption, payoff period as well as rebates in place at the time of construction payoff for a residential system is between 7 – 15 years. Commercial systems are between 10 – 15 years. Joining the Solar Club at 25.8 cents/kwh will further reduce your ROI time by a couple of years.
As solar is a long-term investment in your property, any building with a rooftop in good condition has the potential of being a great candidate for our installations.
You can contact us for a free estimate to get more detailed information for your specific situation.
- Save money every year
- Increase the value of your property
- Predictable electricity rates
- Large tax incentives
- Gain an ROI quickly
- Demonstrate commitment to social responsibility
- Demonstrate sustainable practices
- Owning and generating your own electricity
- Reducing daytime peak electrical loads
- Diversifying the local energy portfolio reduces financial risk
Ready to invest in solar? Contact us today
Do you have questions about solar being the best fit for your commercial space?