Should shopping malls install rooftop solar?

With the continued tariff increases, over a decade or more, shopping malls will be paying the same amount for their utility usage, whereas, other malls and centres using power from the grid will see their electricity bills double, triple, or quadruple in the same period. The installation of rooftop solar is a sound investment.

Do shopping malls need solar panels?

Solar panels reduce a shopping mall’s reliance on traditional grid energy, leading to lower electricity bills and long-term financial benefits. Additionally, shopping malls can take advantage of tax breaks, which can significantly offset the initial investment cost of the solar panel installation.

Are rooftop solar panels a good choice?

The significant cost reduction of solar PV rooftop systems is leading to grid parity in almost all industrialised countries. Onsite power generation makes economic sense for the private sector and at shopping malls, where there is an abundance of rooftop availability, rooftop solar panels are the logical choice.

Are shopping malls the future of energy management?

Shopping malls and similar venues present attractive, big-time opportunities as potential sites for grid-connected solar power, energy storage and intelligent, highly energy-efficient facilities management.

Why do shopping malls need a lot of energy?

Shopping malls require a vast amount of energy to maintain their lighting, heating, cooling, and ventilation systems, as well as to power stores, escalators, elevators, and food courts. This high energy demand leads to significant electricity costs.