What are the 5 Benefits of Renewable Energy for Businesses?

This blog is meant for Businesses and concerned individuals who help make investment
decisions in the energy sector.

The Renewable Energy sector is definitely noticing a change. More and more investors are
investing in the business of renewables, the demand for renewables is increasing and it is
definitely gaining momentum and awareness like never before. Ever wondered why this shift
and rush are happening? These industry dynamics change only when there are solid reasons
behind the shift. Big corporates pay their analysts & R&D teams heavy money to get them stats before making these important decisions like investments.

Let’s look at a few benefits that renewable energy is bringing with it to businesses. All five are
either from a financial perspective or a social standpoint.

1. Renewable energy helps cut down on costs heavily. In many cases, businesses can actually make more money in the longer term by reducing their energy bills than many other sales and cost reduction activities.
2. It doesn’t stop there. That’s before you consider other benefits like capital investment allowances. Just like buying plant equipment or machinery, renewable energy will reduce your tax burden. As announced in the latest budget, there will be 100% allowances into next year.
3. Usage of renewable energy Businesses helps the environment to regain strength and health. With zero emissions of harmful gases, renewable energy becomes the best solution to environmental challenges like climate change, pollution, contamination, etc.
4. Businesses gain goodwill with the choice of opting for renewable energy. The customers are becoming more and more aware of the products they are picking. Concepts like “cruelty-free” “made in India” “Produced with renewable energy” are becoming very popular.
5. The thoughtful decision of picking Renewable Energy over other sources of energy sets the right example to the world. Helps the country’s statistics of use of Renewable Energy improve. And in turn, shows how the country is moving from illiteracy & stupidity to literate & development.

So, there are lots of areas like stated above^ where solar energy alone can provide a big
financial win, can earn goodwill for business & the country, and more – the economics really do make sense and many businesses are already reaping the benefits. For example:

TG Group in the United Kingdom recently installed a 57kWp solar energy system on their
builders’ merchant’s site in Bridgnorth, including 152 roof-mounted solar panels installed by the team at Caplor Energy. With support from the Marches Renewable Energy Grant scheme, TG Group believe they will recoup their costs in just over 3 years, enabling them to operate a
sustainable and responsible site all while also making significant ongoing long-term savings.

With this example, we see why there is such a big change. Well, not to worry, this is all for the
good! We’re moving towards betterment & advancement.