Thinking about installing a solar system for your business? You may have looked at solar before however felt that the numbers were not quite what you were looking for. Why therefore should your solar project get back on-track or be investigated for the 1st time in 2019. See below some exceptional reasons:
1. The Financial Benefits
We are currently seeing Return on Investments sit between3-5 years and in a number of cases it can be even lower than this. Based on a 20 year + lifetime it shows why commercial solar is currently such a hot topic. For systems under 100kW’s STC’s provide around one third off the cost of a solar array. LGC’s for the larger-scale installs can provide a business with an on-going revenue stream until 2030 although we are now seeing these projects stand-up on their own without the need to rely on these. Tax benefits and government grants should also be looked into when deciding to invest in solar – please consult your Solar Choice Commercial advisor who can help provide assistance on these topics.
2. Low Energy Bills
The ultimate and on-going financial benefit from commercial solar power is a reduced power bill. Electricity prices remain unstable and with a number of businesses on fairly short term energy contracts a renewal inclusive of higher rates could be on the cards soon. Solar could also help reduce other aspects of your power bill namely demand and capacity charges. If your power bills are continuing to grow and/or your current retailer contract is soon set to end, the implementation of solar will definitely help.
3. Better Technology
As the years go by the wattage of the solar panels continues to grow and in 2018 the average size per panel we saw being installed was between 275 – 300w. Whilst most solar panel manufacturers have higher efficient panels the general rule of thumb is that the more efficient the panel is, the higher the total cost will be. However, as the standard continues to grow the better technology will inevitably come down in price and we are already seeing this at the start of 2019. Manufacturers are already now producing panels over 400w which means if you think you did not have enough roof space for solar previously, you may wish to rethink that this year.
4. Environmentally Friendly. Be seen & known as a Green Business
Sustainability is an increased focus for the majority of business owners across the nation, installing solar strengthens your commitment. With customers demanding that each business becomes more environmentally friendly, even a small solar system can drastically reduce your greenhouse gas emissions and our reliance on fossil fuels which are the main causes of air pollution and global warming. By building your brand as eco-friendly you can improve your company image and increase revenue.
5. Affordability
Prices continue to come down for a solar system making them increasingly more affordable for business owners. Please see this article updated quarterly to show average commercial pricing. As mentioned above the payback periods are very quick but what is also important to take into consideration is the outlay is getting less and less. With an abundance of very attractive finance plans that are available and also Power Purchase Agreements there are a number of ways to help your business invest in a solar array.
The 1st step for any business looking at a solar system for their premises is to get in touch with Solar Choice. Our free service is there to provide impartial guidance to our clients on a range of solar aspects. Whether you need advice on products, prices or warranties our experienced commercial team is here to help by working with over 100 installers nationwide across Australia. Additionally we have our own in-house Engineering Team who can pull together high-level Business Cases based on your current power bills using a sophisticated range of software’s. To find out more please contact Matt Lasauce on 0410 124 850 or email matt@solarchoice.net.au.
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