“ After taking this first step , organisations can more intentionally explore other sustainable technologies and options with their energy partner , whether that ’ s buying grid power with renewable energy credits ( RECs ) or exploring solar ,” said Rengstorf . “ These decisions come down to your goals : operating more sustainably , saving money , placing long-term energy hedges or all of the above .”
How to determine if solar power is the right choice To determine if on-site power generation through solar power is right for your business , Rengstorf suggests a nuanced conversation with various internal leaders and subject matter experts and , ideally , with the support of an energy supplier who can walk you through the process holistically .
“ Ultimately , there are several important considerations before making an investment in solar ,” he explains . “ First and foremost , consider the goals . If the primary goal is cost savings , it ’ s important to understand your organisation ’ s electric bills in general and the demand charges specifically .”
Depending on the market , solar may or may not offset all portions of the electric bill . Sometimes the utility ’ s demand charge
76 February 2024