How can your business benefit from a solar PPA?
Due to the long-lasting effects that Covid-19 has had on Australian businesses, it is clear that many are looking for ways to cut costs and save money. Investing in commercial solar is a great solution for businesses who want to save money on their electricity bills but understandably, many businesses simply do not have room in their budgets to make large investments this year.
For businesses considering investing into solar power, but who cannot afford the initial capital outlay, a power purchase agreement, or PPA, is a good way to reap the benefits of commercial solar power without the upfront costs that are associated with it.
What is a solar PPA and how does it work?
With a PPA, Infinite Energy supplies and installs a solar PV system at your business. Infinite Energy manages the operation and maintenance of the solar PV system, meaning that there are no running costs to your business. Your business purchases solar power generated by the system from Infinite Energy at a pre-agreed rate that is often much cheaper than the standard energy rate, enabling your business to save on electricity costs.
A PPA can vary in terms of the length of the contract and how the business chooses to control their energy costs, but the overriding benefit of the agreement is that you have price certainty for your electricity costs over the life of the agreement.
Are there any additional costs?
Infinite Energy will design a solar system that is suited exactly to your business’ energy requirements and budget, though it is important to keep in mind that if your business’ energy requirements exceed the energy produced by your solar PV system, then any additionally required energy must be purchased from the grid. That being said, if your business signs up with Infinite Energy for grid supplied electricity and a solar PPA you can combine these costs and receive a single monthly bill for all your electricity, to further streamline the process.
What are the other benefits of solar for my business?
Aside from costs savings, there are many other benefits of investing in commercial solar including:
- Reduce your business’ greenhouse gas emissions
- Help your business to achieve improved GreenStar and NABERS ratings
- Decrease your business’ carbon footprint
- Increase your building’s value
- Roof shading benefits
- Improve your corporate green image
How can my business benefit from a solar PPA?
Securing a solar PPA to help reduce your business’ energy expenditure is very simple;
- One of Infinite Energy’s experienced energy consultants will visit your business premises, analyse your current electricity usage, and ensure a solar PPA will suit your current circumstances and requirements.
- Your energy consultant will design a solar PV system that will perfectly suit your business’ current and future energy requirements, reducing the risk of requiring additional energy from the grid.
- Enter into a solar power purchase agreement, choose a contract period that suits your business (7, 10, and 15-year terms are common) and secure your new low rate for electricity.
- Infinite Energy will project manage and install the solar PV system at your site, so you can start benefiting from cheaper power generated from your on-site solar PV system.
If you want to learn more about how a solar PPA could benefit your business please call us on 1300 074 669, or click here to chat to one of our friendly energy consultants to find out more about commercial solar.
