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 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 system 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.
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:
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