On average, commercial solar panels cost between £16,000-£70,000 for small to medium-sized businesses. There are several factors that influence the cost of solar panels, though, such as roof size, the amount of energy produced and the number used.
Begin by evaluating the cost to determine if solar panels are a feasible option for your business. To identify how much energy your company uses each month, take a closer look at your utility bill. It should indicate how much energy you use each month and how much the utility company charges you per kW.
Most small to medium-sized businesses use 30,000-50,000 kWh of electricity each year. Depending on where in the UK your business is located, your system size, and subsequently the costs, will differ.
A good rule of thumb with larger systems is to calculate approximately £1,000 per kW, plus VAT.
If you operate a very small business, you could get a price estimate by comparing the installation cost of solar panels.
In addition, you may be eligible for tax reliefs if you have commercial solar panels installed. Though this is not possible for businesses that rely on solar energy for their revenue generation, such as solar farms.
A general breakdown of the cost of commercial solar panels can be seen below, excluding VAT.
Commercial Solar Panel Prices | |
System size | Average cost |
10 kW | £9,500 + VAT |
20 kW | £18,200 + VAT |
40 kW | £35,000 + VAT |
50 kW | £44,000 + VAT |
60 kW | £51,000 + VAT |
When installing a solar panel system for your business, the main thing you are paying for is the panels and the inverters.
If you are installing a very large solar panel system, the installation costs may rise slightly if it takes a significant amount of time to carry out the installation.
A way to estimate the installation costs of commercial solar panels is to calculate £0.2p per watt fitted. That would mean it can cost approximately £2,000 (excl. VAT) to install a 10kW system. For large commercial systems, it may take multiple workers to install them, and the more people required, the higher the costs.
Once the initial installation costs are covered, though, there are very little additional costs.
In some situations, you may need to obtain planning permissions before installing commercial solar panels.
If your building or property site is designated as historical or part of a world heritage site, you will need to acquire permission.
In some situations, you may need to obtain planning permissions before installing commercial solar panels.
If your building or property site is designated as historical or part of a world heritage site, you will need to acquire permission.
The maintenance costs for solar panels are very low, which is one of the perks of buying commercial solar panels.
The installation of solar panels is the most complicated part of the process. Once installed, you only need to have a professional examine them every four to six years, therefore solar panel maintenance is very easy.
In general, solar panels require regular light cleaning to remove dust and debris. By keeping them clean, you ensure maximum efficiency. Depending on the setup complexity, you can lower costs by maintaining the system yourself throughout the year.