In this article, I’m going to explain why a traditional solar investment may not be the best move for your company.
Now as a Business Owner you may have already investigated solar and found out that solar is expensive. It typically costs tens or even hundreds of thousands of dollars of dollars to place a system on the roof, depending on the size of the solar system and your business electricity needs.
There really are two main ways of paying for a solar system. The first one is you can pay for the system outright which can be a large amount. Or secondly you can get a business loan over say three to five years and pay the system off.
The issue with both of these approaches is that it hits your cash flow and so some of the other things you may be wanting to do such as increase the number of reps on the road, or open up another sales office or increase manufacturing capacity or improve your distribution capabilities or other priorities may not be able to be done. Because of these other conflicting priorities for your cashflow, solar can slide down the priority list and it just may not be implemented.
What we find with businesses is that they’re really looking for ways to cut costs with no investment. So what we’ve been able to do to address this requirement, is to source something called a Power Purchase Agreement.
You may not have heard of this before. It’s quite big in Sydney and it’s quite new here in southeast Queensland. It’s just an agreement to purchase electricity at typically 30 to 50% less* than your current rate that you pay.
To achieve this, what we do is to place our solar system on your roof so the cost and the risk of solar system ownership remains with us. It doesn’t transfer to you. So we install it, we manage it, we monitor it, we maintain it, we clean it, and we insure it. We make sure that it’s producing electricity.
In return, what you receive is typically a 30 to 50% reduction on your electricity cost. So this is really a way of having your cake and eating it too, because you can get the benefits of solar without actually having to buy the solar system. In this way there is no impact on your cash flow because none of your hard-earned funds are used to supply and purchase a solar system because the ownership remains with us.
So, if this is something that sounds like it would be of interest to your business – receiving the benefits of solar and savings on your electricity bill without actually having to pay anything for it, then drop me an email or call me as I’d love to have a quick 5 – 10 minute chat with you over the phone. Let’s see whether this is something we can do for your business. It’s got to be a good thing!
*Exact savings levels may vary. Terms and conditions apply. Please email me at enquiries@wayneharmsworth.com or call on 0493 297 090 to find out more.
