With rising grid electricity prices and declining solar technology costs, the economic benefits of solar power are becoming increasingly difficult for leading businesses to ignore. Transitioning to solar can save money on energy today and hedge against rising utility rates tomorrow.

Given a choice between utility electricity and solar electricity, conventional wisdom suggests that you go with whichever option or combination of options yields the most energy at the lowest price. Specialised energy is uniquely positioned to conduct all the necessary technical analysis to help you make that assessment, allowing you to determine whether or not a solar installation is the right choice for your facility.

Will Commercial Solar be the right choice for your business ?

Understanding your energy consumption is the first step in determining if solar PV is a viable investment. A detailed and professional analysis of your consumption patterns compared to the expected generation from your solar system will be completed by Specialised Energy during the design and specification stage, as part of a detailed load analysis. This process is crucial because it forms the basis of the financial returns from your system. 

If ever anyone attempts to recommend a commercial solar system without completing this step, they are basically guessing the appropriate size - and it will be impossible to determine your return on investment. 

As the financial reward for exporting energy to the grid is currently very low, you will receive the largest benefits from your solar system through ‘selfconsumption’, which means you need to consume less electricity from the grid at a higher price. It is important that the system size matches daily consumption patterns to ensure no export of excess solar production occurs - as this would effectively dilute financial returns.

Our design specialists start by logging energy data to establish consumption baselines, then investigate various design options to suit your load profile.  We are able to skew or spread production to best match loads.... as every business is unique.  We will then be in a position to discuss with you the projected economic return on investment of each alternative.  Whilst there are a very large number of variables to take into consideration, potential returns in the range of 18% - 25% are not uncommon.

Don't Own your Building ?

A common potential barrier to businesses installing solar PV systems is building ownership. As solar PV systems are long-term investments and involve making amendments to the building, this can be relatively simply overcome through (i) securing landlord permission ; (ii) detailed analysis ensuring a positive IRR well within lease terms; (iii) an appropriate lease term ; and (iv) if financed, an appropriate structure to match items (ii) and (iii) above.  It is worth noting that whilst solar PV systems are fixed to the building fabric, they can in certain circumstances be relatively simply removed and relocated if necessary. Obviously this potential cost would need to be factored into any financial return calculations.

You may wish to also explore the option of establishing an agreement with your body corporate or landlord as part of your lease terms. This agreement could determine the responsibilities of both you and your landlord in installing and maintaining a solar PV system.

 

2014 Ampacity Pty Ltd ABN 76 165 345 844 trading as Specialised Energy
PO Box 4179 Gumdale Qld 4154