Why 100kW Commercial Solar is a Smart Business Investment Decision
It is no secret that a well-designed solar power system can significantly benefit a business’s bottom line. This article explores how a 100kW solar power system can help you save money on your electricity bill, improve your cash flow, take advantage of government incentives and subsidies, and improve your business’s environmental credentials.
Save on Electricity Bill
Electricity is the third largest cost for any business, sitting only behind labour and rent. Installing a commercial solar system can help businesses save on their power bill by reducing their reliance on grid-generated electricity. For a small-to-medium-size manufacturer, warehouse or cold storage that requires a 100kW solar power system, this can create up to $25,000 in savings in electricity bills per year.
Stabilise Your Cash Flow
Price hikes from your electricity retailer, or even wholesale energy rates hike, can destabilise your business’ cash flow. SMEs typically run a tight ship when it comes to cash flow, and any unforeseen tightening of cash flow can impact other sectors that can generate more revenue, such as product development, marketing etc.
Fortunately, while there is an initial cost outlay for solar power solutions, it is essentially a fixed asset, and the payback period is typically five years. Moreover, information on solar output and predicted savings are provided before you agree to solar installation, making it easier to predict your cash flow.
The low
ongoing maintenance of solar power also makes solar energy an appealing choice for SMEs to consider installing 100kW commercial solar power.
Take Advantage of Government Incentives
The Australian and state governments have many incentives and subsidy programs to encourage businesses to switch to solar power. One of the most widely known and accessed programs is the Small Technology Certificates (STCs). Commercial systems 100kW and lower are eligible for this program, which reduces your solar cost outlay based on the amount of power you’re expected to produce over the next 13 years. This discount is applied at the point of purchase, and it can be a significant reduction.
In conclusion, a 100kW solar panel system is a smart business investment solution to help relieve commercial entities of increasing electricity charges and, at the same time, boost your business's environmental credentials.
Quality Energy is a power quality and energy efficiency solutions provider and manufacturer. Our mission is to help businesses solve the problem of ever-increasing energy costs and inconsistent, unreliable power supply. Besides installing commercial solar system, our energy experts can analyse your site's power quality and incorporate Power Factor Correction solutions to ensure maximum energy efficiency, reliable power supply and further reduce your site's electricity bill.
Ready to discuss how to save on your next electricity bill? Contact us to discuss how we can help.
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