A solar system with these potential savings also has the potential to increase the value of a business and increase the business profitability, making it easier to sell when the time for selling comes around.
No up Front Costs
With our self-financing model we can install a system for a business that qualifies for no up-front costs. We aim to structure repayments so that the savings in electricity costs more than covers the repayments. In other words it is cash flow positive from day1. Even with our financing option a business may be able to pay off the system from savings, in around four years or less depending on usage.
All without spending 1 cent of your own money.
So why would you not do it?
Solar for Large Businesses
Larger businesses which use considerable amounts of electricity will usually be on what is called a Contestable Account. A feature of these accounts is that a Demand Charge is part of the electricity charges. Generally speaking a solar system will have very little impact on Demand Charges because of the way it is measured and charged.
While a Solar System can still be a good investment for a business with a Demand Charge its benefit will depend on the cost of the system and how much electricity is consumed during daylight hours and over what time periods. A business operating 7 days a week will get a better return from a solar system than one operating 5 days a week.
From July 2015 both Energex and Ergon will be basing their Demand Charge on a kva basis rather than a kWh basis and for businesses with a poor Power Correction Factor this will mean increased Demand Charges.
Power Factor Correction and Voltage Optimisation
A businessís Demand Charge may be improved with the use of Power Factor Correction and Voltage Optimisation equipment. By studying a businessís power consumption we can give a guide as to whether this can apply in any particular case. We then call in expert electrical engineers to make an assessment and provide a quotation for any such recommended equipment.
This is done on an obligation free basis and we can package together an energy saving program that may involve a Solar System, Power Factor and, or Voltage Optimisation equipment and Energy Efficient Lighting.
We have seen businesses reduce their lighting costs by 60% when converting to energy efficient lighting.
The Importance of Power Management
There are also power management and efficiency practices that can be employed which may be able to reduce Demand Charges. We discuss these on a case by case basis after making an analysis of a businessís electricity consumption and practices.