Facts About Solar - For Your Business
Australia now hosts more than 1.5 million solar power systems
Electricity prices have increased over the last few years, resulting in increased operational expenses for businesses. On the other hand, the cost of solar photovoltaic (PV) systems has declined, making solar an increasingly affordable option for businesses. By installing a PV system, you will be able to offset your electricity consumption and hedge against future price rises.
Solar photovoltaic (PV) panels on the roofs of businesses use energy from the sun to generate electricity cleanly and quietly. Do you want to know more? Here you can read more facts about solar in Australia.
- Solar panel prices decreased in 80% since 2009
- Prices for manufacturing businesses increased on average by 60% for electricity in the 10 years to June 2013. And they and still increasing every year.
- Businesses use most of their electricity when the sun is shining. A perfect match for solar generation.
- The IRR for a solar investment is usually between 10% and 35%. Your business is able to have their investment returned in as little as three years.
Still Not Sure About Going Solar?
If cash-flow is tight in your business, JRL Advanced Solar can offer you many finance options that can make your solar system acquisition a cash-flow positive experience from the start.
SunWiz have provided the graph below for Green Energy Market’s advice to the government's Clean Energy Regulator in late 2011. It shows the IRR estimate for a solar system (based on 2011 solar prices and 2011 small business electricity tariffs). The ROI naturally increases as electricity prices rise, and it’s already ahead of schedule due to the faster-than-expected reductions in the price of solar systems over the last few years.
As you can see, solar system profitability varies state-by-state due to the different electricity tariffs in each state. Profitability is also based on a reasonably-performing solar system operating for 25 years and assumes a 5% annual increase in electricity prices - higher performing systems and further electricity price hikes only increase the financial incomes even more.
Start Saving Now Without Changing Your Energy Consumption
Solar generation reduces the amount of energy you pay for, but not how much energy you actually use. Solar generation is renewable and therefore has a significant environmental benefit. The chart below explains how you can benefit from solar during the day and how this will affect your electricity bill.
Want To Save More?
We can also provide batteries to shift your load from the peak time of electricity costs. Solar Batteries allows you to move your energy consumption to a cheaper time of the day. Contact us now to provide you the best solar package for your business.
