Savings

How much can my business save with solar panels?

Most UK SMEs save 35-55% on their annual electricity bill with a properly sized solar PV system. For a business spending £30,000/year on electricity, that's £10,500-£16,500 saved every year, rising as grid prices rise. Savings start month one, are non-taxable (they reduce a tax-deductible cost), and continue for 25+ years.

Most UK SMEs save 35-55% on their annual electricity bill once a properly sized solar PV system is commissioned. The percentage depends on roof size, occupancy hours, and whether batteries are added. For a 50-employee business spending £30,000/year on electricity, that’s £10,500-£16,500 of saving every year. Savings start in the first full month of operation, scale up if grid prices rise (which they generally have done), and continue for 25+ years on a Tier 1 install. Crucially, the saved electricity cost was a tax-deductible expense — so the saving doesn’t add to your tax bill, you just have more profit.

How to size your saving from your bill

A reliable rule of thumb for UK SMEs:

  • A solar system equal to 60-80% of annual consumption typically saves 35-55% of the bill (because not every kWh generated displaces a kWh used in real time — some exports at lower SEG rates).
  • If you spend £30,000/year and pay 38p/kWh, you use 79,000 kWh/year. A correctly sized system would generate around 60,000 kWh/year — a 65 kW PV array.
  • That £30,000 bill drops to £15,000-£19,500 — saving £10,500-£15,000.

A more granular calculation

To replace the rule of thumb with a proper figure, your installer should model:

  1. Your half-hourly consumption profile (12 months ideally, 6 months acceptable)
  2. Your roof orientation and pitch (south-facing flat: best; east-west split: 90% of optimal; north-facing: avoid)
  3. Local irradiance via PVGIS or Solcast data
  4. Your tariff structure (fixed contract, day/night split, capacity charges)
  5. Available SEG tariff (Octopus Outgoing leads at 15p/kWh; standard SEG starts at 4p/kWh)
  6. Battery storage scenario, if relevant

Out of that comes a 25-year cashflow model. Insist on seeing it.

Annual saving by sector

For a midpoint SME of each type:

Business typeAnnual electricity spendSystem sizeYear-1 saving
Office (45 staff)£18,00060 kW£8,200
Light-industrial unit£58,000180 kW£33,500
Showroom/retail£22,00050 kW£9,800
Garden centre£45,000130 kW£24,000
Boutique hotel£38,00080 kW£18,200
24/7 manufacturing£85,000250 kW£56,000

Why the percentage saved isn’t 100%

Even a system that generates 100% of your annual consumption won’t save 100% of your bill. Three reasons:

  1. Generation profile mismatch — solar produces in the middle of the day. If your business uses electricity overnight, you import then and export during the day at SEG rates (4-15p) lower than your import rate (38p+). The differential is the gap.
  2. Standing charges — your DNO and supplier daily standing charges are unavoidable.
  3. Capacity / availability charges — half-hourly metered SMEs pay capacity charges based on peak demand. Solar reduces energy charges but not always capacity.

A realistic ceiling is 60-70% bill reduction without batteries, 75-85% with batteries.

Common misconceptions

“Solar will eliminate our bill” — it won’t, unless you go fully off-grid (rare and expensive for SMEs). It typically halves the bill.

“Savings shrink as panels age” — yes, but slowly. Tier 1 panels degrade 0.4-0.5%/year. After 25 years, output is around 88% of original. In practice this is usually outweighed by grid price rises.

“You can use the savings to pay finance” — yes, and most asset finance for commercial solar is structured exactly that way: 7-year term, monthly finance payment lower than monthly bill saving from month one. Cash-flow positive throughout.

Next steps

For a tailored savings model, request a free feasibility study. For more on costs see our cost page or grants and funding. Related: aggregate annual savings, system sizing, payback.

Related questions

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