5 Things All Small Businesses Need to Know About Renewable Energy

Renewable energy is an effective way for small businesses to reduce their carbon footprint, save money on energy bills, and contribute to a sustainable future.

However, implementing renewable energy can be overwhelming and costly. In this blog, we’ll explore the 5 things all small businesses need to know about renewable energy.

Different Types of Renewable Energy

There are several types of renewable energy that small businesses can implement. Solar panels are a popular choice and can be installed on the roof or in a nearby field or car park, depending on the available space.

Small businesses can either purchase or lease solar panels. Wind turbines can also be an effective form of renewable energy for small businesses located in windy areas, but they can be expensive to install and maintain, and may require planning permission. Hydro power can be an effective form of renewable energy for small businesses located near rivers or streams, but it can also be expensive to install and maintain, and may require planning permission.

PPA Agreements

A Power Purchase Agreement (PPA) is a contract between a renewable energy generator and an energy consumer. Under a PPA agreement, the energy generator agrees to supply the energy consumer with a certain amount of renewable energy for a fixed period, usually between 10-20 years, at a fixed price. PPAs can be an effective way for small businesses to access renewable energy without incurring the high upfront costs of installation and maintenance. By entering into a PPA agreement, small businesses can purchase renewable energy from a third-party provider at a fixed price for a fixed period. PPAs allow small businesses to access renewable energy without having to make a significant capital investment upfront.

Learn more: Onrec