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Why residential apartment should invest in Solar Panel Parking Lots

Updated: Mar 5, 2023



With Solar technology being the go to solution for the future, it only seems logical for building contractors and body cooperates to invest in Solar solutions in parking lots?


Solar panel-covered parking lots have been growing in popularity over recent years thanks to their optimal use of space and, of course, the many advantages of solar power. Let’s take a closer look at how parking lot solar panels work and how they might benefit your business.


First, What Is a Solar Panel Parking Lot?

Solar panel parking lots are exactly what they sound like: solar panel-covered parking lots. You can install solar panels onto existing parking structures or build structures with the intention of covering them with solar panels.


And as a bonus, covering parking lots with solar panels creates a multipurpose installation.

On the one hand, you’re generating solar energy that can power everything from lighting to appliances and equipment. On the other hand, the structures holding the solar panels create shade and protect vehicles from the elements.


The result is a win-win for business owners seeking to cut energy costs while enhancing comfort for employees or customers. But let’s dig even deeper into the benefits of installing solar panels over parking lots.


Benefits of Solar Panel Parking Lots


Reduced Electricity Usage

The primary benefit of solar panel parking lots — like with any solar installation — is reduced energy use.

If your building is located in an area with regular sunshine, it may be able to rely on solar alone during peak sunlight hours. And if you can generate more energy than you need at any given moment, you can easily store that excess energy in a battery for later use, like after sunset.

Your Building can then use this energy to power all its electrical needs, such as:

  • Lighting

  • HVAC

  • Appliances

  • Equipment and machinery

  • Electric vehicle (EV) charging


Cost Savings

It’s no surprise that reduced energy use results in reduced energy costs, but the potential savings go even further.

For example, if your building can generate excess energy, you can sell it to your local electrical grid. This process is known as net metering.


Productive Use of Space

When looking for a location to install numerous solar panels, businesses often turn to roofs or undeveloped land.

Parking lot solar panels, however, create no additional risks to local ecosystems because they take advantage of already-developed land.

Parking lots also have ample available space — all you have to do is put up covered parking structures.


Solar Panel Parking Lot Cost

Here are a few factors that go into calculating solar panel parking lot costs:

  • Depending on the project scale, commercial carport pricing ranges between R1 200,000 and R 30 million

  • Materials for the parking structures (if not preexisting)

  • Labor for the installation of both

As such, the final price of installing solar panels over parking lots varies widely. Consider how many solar panels your business requires and whether you’ll need to construct new parking structures. Both matters will have a major impact on your final cost.


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