Are you frustrated by rising electricity bills or concerned that the cost of solar panels might be too high for your business budget? Many Singaporean companies want to adopt solar but hesitate because of huge upfront expenses and uncertainty about long-term returns. The good news is that with the right approach, you can enjoy the benefits of solar panels without spending a fortune upfront and still see tangible savings over time.

 

Let’s break it down 😉

When evaluating the price of solar panels, it’s important to understand what factors drive the overall cost. System size is a major consideration; the larger your energy needs, the more panels and inverters you’ll require. Inverter and panel quality also play a role; higher-efficiency panels may come at a higher price, but they deliver better output over time.

 

Roof condition is another critical factor: older or complex roofs can increase installation difficulty, pushing up labour costs. Finally, installation complexity, such as roof height, shading, or integration with existing electrical systems, can influence both material requirements and labour fees. Understanding these components helps businesses make informed decisions about their solar investments.

The good news? Upfront costs don’t have to prevent you from embracing solar power in Singapore. Flo Energy actually has an initiative which offsets the full cost of installation for our customers through a Power Purchase Agreement (PPA). This innovative approach allows businesses to enjoy the benefits of solar panels without committing any capital upfront. By signing a Solar PPA, you pay only for the electricity you use at a pre-agreed rate, essentially letting the solar panels pay for itself over time while you start saving immediately.

 

This means that whether your concern is the price of solar panels or overall installation expenses, you can access renewable electricity and reduce your energy costs without financial strain.

Beyond direct savings and flexible financing, solar panels also offer long-term strategic value for your business by aligning with Singapore’s sustainability goals. Under the Singapore Green Plan 2030, the nation aims to advance renewable energy adoption, reduce carbon emissions, and promote sustainable practices across industries.

 

By powering your operations with solar energy, your business contributes directly to these goals while enhancing its environmental credentials. The benefits go beyond cost savings: aligning with the Green Plan strengthens stakeholder trust, positions your brand as environmentally responsible, and demonstrates leadership in sustainability, qualities increasingly valued by clients, partners, and investors.

 

In short, installing solar panels allows your business to generate tangible financial savings while making a meaningful contribution to Singapore’s green future.

Traditionally, businesses have two options for going solar: purchasing panels outright or leasing them. Owning your system provides full control and long-term benefits, but it comes with a hefty upfront cost, often reaching six to seven figures, making the initial investment a major hurdle for many companies. Leasing models reduce immediate costs but may offer less flexibility.

 

Flo Energy’s PPA solution strikes a balance: zero capital expenditure, low risk, and immediate access to solar benefits. With Flo’s PPA, businesses can install top-quality panels, offset installation costs, and start generating savings right away. By choosing this model, your business can focus on growth while still contributing to renewable electricity adoption in Singapore.