top of page
Search

Utility vs Alternative Supplier vs Solar Power


3 option graphic for predicting energy rates

As we have seen in the last few years, energy costs are on a steady rise. With so much volatility in the market, it makes it difficult for businesses to forecast and plan financially for the following year. With energy being one of the primary costs for business, it is important to know where your money is going and how this market volatility will affect you.


Here we will explore 3 options to bring more predictability to your energy bills: traditional utility, an alternative supplier, or renewable solar energy. 


1. Traditional Utility


To put it simply, you could do nothing when it comes to your energy bill. Costs will continue to rise and you can try to plan your finances accordingly, however, we strongly recommend against this as these energy prices can increase exponentially at the drop of a dime. Historically, power rates consistently hike causing property owners to pay out more for the same energy. Not to mention, instability with the grid - new battery energy storage systems can create power and use it during outages.

2. Alternative Supplier


Intense energy price increases cause business owners to opt-in to energy supply contracts to preserve a predetermined price for power. This allows you to lock in a price for months or even years to come on your energy bill.


For example,  if you are currently paying $0.15kWh on your monthly electricity bill, energy experts predict that prices will jump to roughly $0.30kWh in as little as 3 to 5 years. With an energy supply contract, you may be locked in at $0.15kWh for the next year or two but it will jump to $0.30 /kwh. The suppliers are still fully in control. Long-term costs can often discourage purchase because you could pay less with other energy options.

3. Renewable Solar Power 


The most reliable option would be to install solar panels on your property. With the push to go green and utilize less fossil fuels, installing a solar system is not only encouraged, but rebated and incentivized by the government, meaning low upfront costs are required from your pocket. Utilizing solar energy will save your company from the volatile utility market and secure low power prices.


To understand more about the pros of solar installation and how this option saves your company money, read our blog: 4 facts why your business is losing money. Here we walk through each benefit so that you are made aware of all of the saving opportunities involved with solar installation.

This volatile market is only becoming increasingly harder to keep up with. Bypass the headache of wondering how much your energy bill will cost this month and look into your options for installing solar panels.


Want to save the most on energy? Partner with Smart Roofs.


Smart Roofs walks each of our partners through the process in order to help you find every opportunity there is to keep money in your pockets. If you are ready to discuss your options, contact us today to start the process! Offerings include commercial solar system design, rooftop & ground mount solar PV, carports, EV chargers, batteries, solar farms, and more. Reach out for a business energy audit and find out how much you can save.

Comments


bottom of page