Five Reasons Solar Energy is Essential for Your Business

Solar panels and energy storage solutions are now more affordable, accessible, resilient, and efficient than ever. Here are the top five benefits of solar energy for your business.

Control over your Electricity Supply

Solar panels and energy storage can offer your business independence from utility companies with predictable electric bills. This helps your business avoid peak electricity rates and ensures reliable backup power during outages.

Electricity costs in Hong Kong & on the Mainland have been rising, and this trend is expected to continue. Solar service agreements such as power purchase agreements (PPA) can offer competitive and predictable rates, lower than traditional electricity providers at no upfront cost. This means that your business can anticipate lower power costs when switching to solar.

Clean Supply of Energy

Solar energy is a clean, emissions-free, and renewable source. Unlike fossil fuels, solar doesn’t release harmful pollutants or greenhouse gas emissions. By reducing air pollution, solar can prevent health and environmental damage.

Solar energy's potential is vast. By reducing their carbon footprint, your business contributes to a cleaner environment. Renewable energy technologies are crucial for a sustainable future.

Qualify for Tax Breaks and Incentives

Your business in Hong Kong can benefit from a one hundred percent write off the asset value on the first year of expenditure when you purchase a solar energy system. The government in partnership with the local utility companies provide rebates and incentives to promote the adoption of renewable energy sources in the form of Feed-in-Tariffs.

• Net Metering. Your Businesse can sell the electricity their solar system produces back to the grid, offsetting their electricity costs.
• Tax Incentives. Benefit from a 100% write off on your first year of the capital expenditure.
• Sustainability Linked Loans. Your business can secure sustainability-linked loans by demonstrating environmental practices and meeting predefined environmental performance targets.

Increases Property Value

One of the advantages of solar installations for your business is the potential increase in property value. Commercial properties with solar installations can see a rise in their valuation.

Costs Have Decreased

The cost of solar installations for your business has significantly reduced in recent years. With the advancement of technology and increased demand, both solar panels and energy storage solutions have become more affordable.

Experience the Benefits of Solar Energy with Sunrya

Sunrya enables businesses of all sizes & shapes to purchase and lease solar.

Get a Free Quote Today

Discover why businesses across Hong Kong are reaping the benefits of solar energy with Sunrya. Contact us today for a free quote.