When considering whether to invest in solar energy, Velmade Prestige Metal focused sharply on the financial outcomes for the business. As a privately owned small-to-medium enterprise its primary focus is on operating costs and running a highly efficient business.
Infinite Energy’s unique financial modelling enabled them to make an informed decision that’s good for business.
After engaging Infinite Energy to install a high quality solar system to offset electricity costs, the company, which is a provider of processed metal fabricants to WA industry, sought a finance arrangement in order to convert the capital expense of going solar to an operating expense - the traditional realm of electricity cost.
Furthermore, with a building ideally situated for solar to suit the business’s energy consumption timing, Velmade Prestige Metal is realising the savings and improved cash flow it sought and unlocking further growth potential.
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| Company | Velmade Prestige Sheet Metal |
|---|---|
| Location | Osborne Park |
| Installation Date | 08 / 2014 |
| Industry | Manufacturing, Engineering & Transportation |
| Solution | Solar Power System - System capacity 31.2 kW
|
| CO2- e. Abatement Per Year | 40 tonnes |
| CO2 Equivalent Reduction | 150 trees saved per year |
| Energy Output Per Year | 52,800 kWh |
| Solar % of Consumption | 38% |
| Grid Electricity % of Consumption | 62% |
| Projected Payback Period | 5.3 years |
| Year 1 Return on Investment | 18% |
| 10 Year NPV | $7,400 |
| Annual Savings | $8,500 |
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