According to Eurostat, the share of renewable energy sources more than doubled between 2004 and 2021. And the demand continues to evolve! Thus, if you want to be on top of the trend and catch the opportunity to boost your revenue by applying renewable energy solutions—it’s high time to start.

In this article, we highlight the top 8 opportunities on how to use solar power for your company. Whether you intend to build a business by selling renewable energy technology to others or wish to implement it into your workflow to cut costs—keep reading. We have got you covered!

1. Solar farms

8 Cost-Effective Renewable Energy Solutions To Apply To Your Business in 2023

This is one of the main solar power and renewable energy solutions that can drive your business ahead of the competition. Such farms consist of large-scale installations of solar panels that are designed to generate electricity for a huge number of devices. To maximize energy output, it’s better to install them in areas with high solar irradiation, such as deserts or open fields. However, it’s possible to generate enough electricity by placing solar farms in almost every territory.

There are several ways for businesses to benefit from this renewable source of energy:

  • Saving costs. Solar farms can help businesses save money on electricity costs. Generating their own electricity allows companies to reduce their reliance on grid power and avoid rising bills.
  • Reducing carbon footprint. By creating such a farm and taking advantage of renewable solar energy, businesses reduce their carbon footprint and demonstrate their commitment to sustainability.
  • Improving public relations. Brand reputation plays a significant role in your company’s success. Demonstrate your commitment to renewable energy sources to attract positive media coverage and the attitude of customers and stakeholders.
  • Generating more revenue. Solar farms can be either independent businesses or equipment that drives additional income. The reason is simple: you can sell excess electricity to the grid. This will help offset the cost of installing and maintaining the solar farm, as well as help boost your revenue.

2. Solar-powered water heaters

8 Cost-Effective Renewable Energy Solutions To Apply To Your Business in 2023

These innovative renewable energy solutions use solar energy to heat water. They consist of solar collectors that absorb sunlight and transfer the heat to a water tank. The heated water can then be used for different needs, especially as this technology is cost-effective and saves energy compared to traditional analogs.

What’s more, you can build your business based on selling solar-powered water heaters, especially as the market is enormous. These are only a few of the industries that will benefit from collaborating with such a company.

  • Hotels and resorts. These companies require a large amount of hot water for showers, pools, and other amenities. Solar panel renewable energy solutions will help them reduce energy costs and environmental impact while still meeting their hot water needs.
  • Restaurants and cafés. Hot water is necessary for cooking, cleaning, and sanitation. Thus, solar-powered water heaters will provide a reliable and cost-effective source of this resource, reducing operational costs and improving sustainability.
  • Manufacturing facilities. Industrial processes often need enormous amounts of hot water. One of the benefits of renewable energy is that it is a cost-effective way to get it. What’s more, factories decrease carbon emissions, which makes them more eco-friendly.
  • Hospitals and healthcare institutions. Using solar-powered water heaters lets businesses save costs on patient care and sanitation. So, It’s reasonable to equip state and private clinics with these solutions

3. Solar power water treatment

8 Cost-Effective Renewable Energy Solutions To Apply To Your Business in 2023

This technology implies using solar energy to power the treatment process, reducing the need for grid electricity or diesel generators. There are several advantages of this renewable energy solution, which makes solar power water treatment a viable business idea.

  • Market demand. The lack of clean, safe drinking water is increasing globally, particularly in developing countries. As a result, there is a growing market for solar-powered water treatment systems that you can enter successfully.
  • Cost-effectiveness. This renewable energy technology is less expensive to install and operate than traditional water treatment systems. Using free, renewable solar energy to power the treatment process reduces operating costs over time.
  • Versatility. Solar-powered water treatment systems can be used in a variety of applications, including remote communities, disaster relief efforts, and industrial processes. The technology is also scalable, allowing businesses to increase or decrease the size of the system as needed.
  • Health benefits. Providing clean, safe drinking water to communities that lack access to reliable water sources is a great business idea. You can help people in the community improve health and well-being by suggesting renewable energy solutions that really matter.

4. Solar-powered pumps

8 Cost-Effective Renewable Energy Solutions To Apply To Your Business in 2023

These devices use solar energy to power a pumping system, which is often applied for irrigation, livestock watering, and water supply for remote homes, farms, and communities. These renewable energy solution examples represent equipment that is helpful in areas where there’s no access to electricity.

Here are a few advantages of solar-powered pumps compared to traditional ones.

  • Practicality. They do not require fuel or electricity from the grid, so your company can save on operating costs and reduce dependence on fossil fuels.
  • Functionality. Such solutions for renewable energy have fewer moving parts, which reduces the risk of mechanical failure and makes maintenance easier.
  • Eco-friendliness. Solar-powered pumps do not emit any pollutants or greenhouse gasses, which makes them an environmentally sustainable option.

5. Solar carports

8 Cost-Effective Renewable Energy Solutions To Apply To Your Business in 2023

Solar carports are installed on a canopy-like structure over parking spaces. This is one of the types of renewable energy solutions that can be useful for businesses. These systems are becoming increasingly popular for companies looking to reduce their carbon footprint and save money on energy bills.

  • Provide a significant amount of energy. Depending on the size of the solar carport and the amount of sunlight it receives, the solution can generate enough electricity to power an impressive portion of a business’s needs. This will help your company save costs on electricity bills and even earn some money by selling excessive energy.
  • Create a covered parking area. This is particularly beneficial for businesses located in regions with hot or inclement weather, as it can help protect vehicles from bad weather conditions. This can also be a selling point for customers, as the solution provides an added convenience.

Installing a solar carport is also a relatively simple process, especially for companies that already have parking structures in place. Most businesses customize these renewable energy solutions in terms of size, layout, and design. They can also be installed with minimal disruption to the company’s operations, as they do not require any major structural changes to existing parking areas.

6. Solar-powered air conditioning

8 Cost-Effective Renewable Energy Solutions To Apply To Your Business in 2023

Such systems use solar energy to power the cooling process, making them an environmentally friendly and cost-effective alternative to traditional analogs that run on electricity generated from fossil fuels. The technology is becoming increasingly popular as more people are looking for sustainable solutions for their homes and businesses.

The market isn’t oversaturated now, so you can consider it as a business idea for your company. Here are a few advantages of renewable energy solutions that will persuade your clients.

  • Reduce energy costs. Traditional air conditioning systems can account for up to 50% of a home’s energy consumption during the summer months. By switching to a solar-powered system, homeowners can drastically reduce their energy bills and save money in the long run.
  • Become environmentally-friendly. When using traditional air conditioners, people contribute to greenhouse gas emissions and overall climate change. By installing solar power solutions, your clients can reduce their carbon footprint and help protect the environment.

7. Solar-powered refrigeration

8 Cost-Effective Renewable Energy Solutions To Apply To Your Business in 2023

Revolutionize the way businesses operate by providing a reliable and cost-effective way to store perishable goods. Utilize solar panels to generate the electricity needed to power refrigeration units, eliminating the need for traditional electricity sources that can be expensive and unreliable. What’s more, solar-powered refrigeration systems can be helpful in a wide range of industries.

  • Agriculture. Businesses apply the technology to store crops, reducing waste and increasing profits.
  • Healthcare. Solar-powered refrigeration is necessary for storing medicines and vaccines, ensuring they remain effective and safe.
  • Hospitality. This is one of the renewable resources applying examples that helps to keep food and beverages fresh, improving the quality of service and reducing waste.

Another advantage of implementing solar-powered refrigeration is that businesses can deal with the lack of infrastructure and operate in remote areas or developing countries. Once the initial investment in solar panels has been made, there are virtually no ongoing costs for electricity. This can be a significant advantage for businesses that rely heavily on refrigeration, as traditional electricity costs can quickly add up over time.

8. Solar-powered lighting

8 Cost-Effective Renewable Energy Solutions To Apply To Your Business in 2023

Businesses can install solar-powered lighting systems to illuminate their premises. This technology includes solar panels to charge batteries during the day, which can then be used to power the lights at night. There are plenty of renewable and sustainable energy reviews proving that this type of lighting is helpful for businesses in several ways.

  • High reliability and minimal maintenance. The solar batteries are designed to withstand harsh weather conditions, ensuring that the lights remain functioning even during power outages. This makes the solution ideal for outdoor lighting, parking lots, and security lighting.
  • Enhanced safety of a company’s premises. Solar-powered security lighting helps deter intruders, while parking lot lighting improves visibility and reduces the risk of accidents.

What’s more, such systems are versatile and can be applied in a variety of settings. They are ideal for businesses in remote locations or areas with unreliable power sources. Companies can also benefit from solar-powered lighting in urban areas where electricity costs are high.

Wrapping up

Now you know the most important renewable energy facts and cases of implementing solar technologies to build and run businesses. Use them for your company’s success and drive more revenue, or choose one and create a sustainable and eco-friendly brand. Get in touch with RER when you need solar battery inverters, as our solutions are reliable and affordable at the same time.