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Electricity is required globally to power almost all human activities today. The demand for energy is constantly on the rise, prompting governments to adopt and promote new alternative energy sources, in a bid to meet the energy needs of their citizens.
Unreliable electricity supply and high tariffs, in particular, are obstacles to entrepreneurial activities in any economy. In Nigeria, business owners and entrepreneurs have constantly battled with poor and unreliable power over the years. This has caused many to resort to powering their businesses using generators. Sudden increase and fluctuations in the price of petrol often spelt doom for many businesses, as it meant increased cost of operations.
In the 2019 World Bank Enterprise Survey, which included 190 economies, business owners identified electricity services as the fourth biggest obstacle to their commercial activities. Nigeria ranked 169 in Getting Electricity, and 131 overall in the Ease of Doing Business [1].
Fig 1. World Bank Survey 2019
Saving Costs with Solar
Solar energy is a major renewable energy source and is considered as one of the cheapest available forms of energy. It offers many businesses the opportunity to cut operational costs, save energy and save the environment. There are two main solar power technologies, the Solar PV systems and the solar thermal technology.
Solar PV technology converts sunlight into electricity, and can be used to power homes, businesses and even communities. PV technology is known to be quite versatile, and can in some cases eliminate the need for conventional electricity. On the other hand, Solar thermal technologies, harness energy from the sun to create hot water or heat and cool air.
There are wide ranges of solar technology products available for businesses, whether small, medium-sized or large. Solar lights are common in facilities that seek to save costs and reduce their energy use. Solar lights use PV technology to collect thermal energy and store in batteries, to lighting walkways, streets and even parking lots.
With Solar technology, businesses can enjoy free electricity supply for 25 to 35 years (the lifetime of the solar system). Installing solar systems for your business is like prepaying 25 to 35 years’ energy bills. This reliable energy alternative requires little maintenance, generates both long-term savings and is safe for the environment.
The prices of solar products have dropped dramatically over the years. Small businesses do not have to break the bank, to go solar. For businesses, the costs of solar energy systems depends on their energy demand and can vary significantly from one operation to another. Solar offers businesses an environmentally friendly energy solution that help them save costs.
Choosing the right Solar Energy Provider
Solar installation is a long-term investment of which customers should be well aware of their prospective providers. Energymall Nigeria is a reputable energy service provider on a mission to solving Africa’s energy problems. We specifically seek to meet the needs of businesses, which we know cannot function effectively without power. We offer energy efficient services; solar power solutions, lighting, batteries and proper electrical wiring to ensure we meet all their energy demands.
With recent Solar installation projects at Reddington hospital complex, Ikeja; Electricity correction for hospitals in Victoria Island and energy audits for offices in V/I, Lekki, we are constantly seeking to expand our reach and achieve our goal of being the go-to company for all things clean energy.
For inquires Email us: projects@energymall.ng
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