Green energy not only offers a great way to cut the cost of your gas and electricity bills but, as customers become increasingly aware of companies that show a commitment to sustainability and the environment, it can also help improve the reputation of your business.
So, choosing to use green energy can help attract new customers whilst proving your company to be forward-thinking and progressive. And if you generate more energy than you need, you could even generate income for your business by selling that energy back to the National Grid via a Feed-in Tariff (FiT).
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To help your business benefit from FiT, you’ll need to ensure you meet the following requirements:
On first look, this may sound a little daunting, but by doing a bit of research to work out which is the best green energy solution for your business, and talking to our business energy experts to find which of the best Feed-in Tariffs is most suitable, you could soon be profiting from your own power generation.
Once you are fully set up, you can start saving money by generating your own electricity and by selling energy back to the National Grid. But that’s not the only way to save money with a Feed-in Tariff. By speaking to our team, you can find the best deals on the market, lowering your monthly expenditure. So, not only will you generate your own energy, you’ll also be able to make money on any excess energy you create. That makes a Feed-in Tariff worth consideration, especially when you consider the long-term impact those savings can make.
To qualify for a business Feed-in Tariff, you’ll need to use equipment that can generate electricity, including:
One of the easiest and quickest methods to start generating your own renewable energy, solar panels can be attached to exterior walls or the roof of your building. They cost between £5,000 and £10,000 and will have been fully repaid within six to ten years from installation. Once installed, with the right certification, you can easily compare Feed-in Tariff rates with companies like USwitchForBusiness.
Providing your business has enough spare land, you could drastically improve your energy spend by investing in a wind turbine. Microturbines cost around £10,000 and will take between eight and 15 years to pay for themselves. Larger turbines cost anywhere up to £3 million, meaning they’re only really a viable choice for businesses with big budgets. However, large turbines often enable you to recover your spend within just one year.
To generate hydroelectric power, water is passed through a submerged turbine or waterwheel. The movement created generates energy that supplies your business. Excess energy can then be sold back to energy companies. A hydroelectric power plant takes around seven years to pay back.
Using sunlight to heat your hot water tank, solar thermal energy is one of the cheapest methods to produce your own renewable energy. They cost between £3,000 and £5,000, which is recovered within around five years. Once you have recovered your expenditure, you’ll see a real impact on your energy spend – especially if you use a company like USwitchForBusiness to find the best energy company for FiT rates.
Other renewable energy sources which qualify for the best FiT tariffs include combined heat and power systems, biomass systems, anaerobic digestion, geothermal and ground source heat pumps. Speak to one of our experts on #CAMPAIGNBUSINESSSERVICENUMBER# if you need more information.
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The first priority of any business is to make sure they aren’t overspending on unnecessary services, whilst earning money where and when possible. With an FiT tariff, you are often able to do both. By producing your own energy you remove your reliance on energy sourced from the national grid, and any excess energy can be sold back to energy providers.
Investing in renewable energy generators is a long-term investment. You won’t see a huge decrease in spend straight away, but when considered over a five, ten, or even 20 year period, you can make considerable savings. This is because the equipment can initially cost a substantial amount. However, by investing, your business could attract new customers and in time, start making money on energy, rather than having to pay for it.
It’s also worth noting that the better your Energy Performance Certificate, the easier it will be to find the best FiT tariff rates. Put simply, by showing a dedication to the environment, you are able to access cheaper energy. Pairing your investment in renewable energy sources with improving energy efficiency is a sure-fire way to lower your energy bills. Energy companies like USwitchforBusiness are just a phone call away, ready to help you compare Feed-in Tariff rates quickly and easily.
Talk to uSwitchforBusiness today on #CAMPAIGNBUSINESSSERVICENUMBER# to hear how we can compare some of the best feed in tariff rates for your business. We’ll run a business electricity plan comparison and take care of all the details involved in switching, ensuring we find you the best energy company for FiT payments.