Is your business braced for October's rising energy costs?

As we look ahead to the latter months of 2024, businesses across the UK are once again bracing for a significant rise in energy prices. With the October increase just around the corner, many organisations are feeling the pressure to explore alternative energy solutions to offset the growing financial strain.

At Low Carbon Energy, we believe that solar energy presents an excellent opportunity for businesses to stabilise their energy costs and secure a more predictable future.

What’s the big deal, and why is now the best time for solar?

Electricity prices have been volatile for quite some time, and the trend isn’t slowing down. The latest figures show an average 10% rise in energy costs from October, a change that will have a considerable impact on businesses operating on tight margins. For many, the ability to forecast energy expenses is critical to maintaining profitability, and unpredictable price hikes make that nearly impossible.

1. Greater control over your energy expenditure

Solar panels are an increasingly attractive option for businesses looking for more control over their energy expenditure. The benefits are twofold: not only can solar reduce reliance on the grid, but it also provides a hedge against future price volatility. With energy prices set to rise, the return on investment for solar panels has never been clearer. For example, many businesses see reductions in their annual energy bills of up to 70% after installing solar panels.

2. Generate an additional revenue stream 

Another key advantage of solar is its ability to generate surplus energy, which businesses can sell back to the grid.

This creates an additional revenue stream, allowing organisations to turn a profit from their solar investments over time. In many cases, solar panels pay for themselves in as little as three to five years.

Given the mounting costs of traditional energy sources, solar becomes not just a smart financial decision but also a strategic one.

3. Work towards your Net Zero and CSR goals 

Finally, the UK is on a mission to reduce its dependence on external energy sources, aiming for a future where more of our electricity is produced locally from renewable sources.

Solar power is pivotal in this transition, offering businesses a chance to be part of the solution while securing their own energy future.

Switching to solar doesn’t just protect businesses from fluctuating energy prices - it demonstrates a commitment to sustainability, which is becoming an increasingly important factor in corporate responsibility. With governments and consumers alike pushing for greener practices, solar can also enhance a company’s reputation while saving them money in the long term.

Curious about how solar panels could help you? 

At Low Carbon Energy, we’ve been installing commercial solar panels for over 16 years now. Founded in 2008, we have helped hundreds of businesses begin generating their own electricity and are at the forefront of the renewable energy revolution.

So, if you’re looking to reduce your energy bills and take control of your future, we’re ready to help. 

Contact the Low Carbon Energy team on 01282 421489 today to find out how solar panels can benefit your business and offset the impact of rising energy prices.