The good news about Solar Power Generation for Commercial Businesses
The costs associated with commercially viable solar generation systems have dramatically reduced in recent years. Combine this with increased efficiencies, spiralling electricity tariffs and the business case for Solar has never made more economic sense.
- Australia – it’s one of the sunniest continents on earth
Australia has the highest average solar radiation Direct Normal Irradiance (DNI) per square metre of any continent in the world. It’s therefore no surprise that a properly installed Solar package in Australia can produce more power than most places on Earth.
- Because Perth enjoys on average 9 hours of bright sunshine per day, commercial Solar Power has become a realistic option for many businesses.
- The information you need for a cost benefit analysis
It’s a common misconception that solar power is only viable when there is a feed-in tariff available. In fact, even without a feed-in tariff, a well-designed appropriately sized system can pay for itself in as little as three years. That’s a good return on investment!
- Solar power systems can reduce or eliminate your company’s power bill. Whether your business is large or small, the efficiencies of generating your own solar power can make a significant impact to your operational bottom line.
- Investing in a solar power system equates to prepaying your power bill for almost 40 years, but at today’s prices and a fraction of what you’re likely to pay for electricity in the future. When amortised over this period of time, the cost per unit is significantly lower than you would pay for grid produced power for the same period.
There are a number of factors required to calculate the payback period of a commercial Solar generation system. These considerations include:
- The volume of electricity the solar system will produce – this is primarily driven by location but system specification also plays a part.
- For maximum efficiency, electricity produced by the solar system should be utilised onsite – the generation capacity is determined by the power use profile of the business.
- Current and projected electricity tariff for the business, with commodity prices at an all time low, prices are unlikely to fall.
- Using power generated onsite reduces operational costs through offsetting the purchase of electricity from the grid. Plus any over production may be exported back to the grid creating an income stream.
- For off grid operations, installing a solar power system will greatly reduce reliance on expensive diesel generation.
While there are many variables to consider before investing in a commercial solar system, a well-designed system can significantly reduce electricity bills, future-proofing your company against electricity price rises and reducing your carbon footprint. To find out how much your business can save call TechnAus Solar today on 1300 672 551.