Solar Panel Electricity is 'Cheaper Than Fossil Fuels'
Solar-generated electricity is ‘cheaper than fossil fuels’, researcher says
Businesses keen to cut costs and drive down their energy bills in the future may want to look at the
benefits of solar panels, as researchers are now saying that by 2025 such measures could be the
cheapest way of accessing renewable energy and generating power that is cheaper than fossil fuels.
According to experts from the University of Edinburgh, the cost of electricity generated in this
way has dropped by over 70% since 2001, with the establishment’s Dr Neil Robertson noting that
planning now needs to be done in order to “maximise the social, environmental and business
benefits it will bring us”.
While it may cost a bit to actually install these panels on your business premises, the savings you will
see certainly outweigh any initial outlays you will make. The fact that sunlight is free means you will
make huge savings on electricity bills, while also allowing you to sell any power you generate that
you don’t use back to the grid – so you’re not only saving cash, you’re actually making some as well.
But it’s not just money that makes photovoltaic panels a solid investment – you can also give
your business an environmental boost as well, since these products will help you cut your carbon
footprint and prove to customers that you are particularly interested in being eco-friendly and
harnessing the power available from renewable energy resources. This is something that is
becoming a growing concern among consumers, so you could also attract new custom by turning to
these energy measures.
Click here to see more
News
05 Jul, 2024
Sharing knowledge and charting the path for the future of solar – Lightsource bp Q2 2024 events wrap up
Lightsource bp’s teams have been on the road throughout the second quarter of 2024, take a look at what they've been up too.
03 Jul, 2024
Zosia Riesner discusses Lightsource bp’s partnerships and shares power market insights on NPM Europe’s podcast
Zosia Riesner, Lightsource bp Director of Power Markets for Europe, appeared on the Interconnections podcast to share insights on the continent’s power market.
28 Jun, 2024
Lightsource bp global legal team ‘Highly Commended’ at The Lawyer Awards 2024
Lightsource bp’s global legal team was highly commended for ‘In-house commerce and industry team of the year’ at The Lawyer Awards 2024.
28 Jun, 2024
How artificial intelligence (AI) is helping Lightsource bp enhance its operations
We are increasingly using AI to help us work smarter and find solutions to overcome significant challenges.
25 Jun, 2024
Netherlands: Championing sustainable energy, biodiversity and agrivoltaics in partnership with the British Embassy
Lightsource bp Netherlands partnered with the British Embassy to celebrate King Charles III's Birthday, while promoting the benefits of agrivoltaics.
21 Jun, 2024
European Solar Day: Celebrating the solar opportunity
The longest day of 2024 in the Northern Hemisphere is 21 June, it also marks European Solar Day, an annual celebration marking the power and potential of the sun.
20 Jun, 2024
Lightsource bp publishes 2023 Sustainability Report
Lightsource bp, a global leader in solar development, is pleased to publish its 2023 Sustainability Report.
07 Jun, 2024
Spain: Agrivoltaics workshop held in partnership with the Fraunhofer Institute for Solar Energy
Lightsource bp is ramping up its capabilities to deliver important agrivoltaics projects to support sustainable farming businesses.
24 May, 2024
Spain: Collaboration on research project to study Lesser Kestrel habitats
Lightsource bp collaborates with CSIC on research project to study Lesser Kestrel habitat use in Spain.
16 May, 2024
Raising the bar for agriculture and solar
In the heart of central France, Lightsource bp is working with a local cattle farmer to develop plans for a new form of agrivoltaic project.