Why should businesses factor in the lifecycle costs of a commercial solar power investment?
Synopsis
Commercial clients are often looking for the cheapest quote when it comes to solar installation. However, a cheap system will need to be replaced multiple times before a good quality system ever needs replacing. Our company recommends looking at the life cycle cost of the equipment to guarantee savings for a longer period of time. When calculating the return on investment, we take into account factors such as load profile, usage, electricity bill and tariffs, business operations and hours of operation. This determines the value of the investment and how it will pay itself off.
Investing in high-quality solar systems ensures that you can enjoy the benefits and savings for many years to come. High-performance panels provide more wattage for less square meterage, reducing the weight on the roof and complying with restrictive engineering requirements. Our commercial clients can achieve 100% self-consumption and payback in less than four years, sometimes even as close as three years. We use quality components during installation, which ensures that the system is designed to last for decades. We have installed solar systems for local councils and businesses, and we continue to do so because we prioritize quality over cost.
Video Transcript
Our commercial clients are getting multiple quotes, and some of these quotes are quite inexpensive. The things that commercial customers should be looking for is life cycle cost of the equipment. You install a quality system and quality component, you can guarantee those savings for a long period of time. A cheap system, or an inexpensive system, will need to be replaced two or three times before a good quality system will ever need replacement. When we're calculating the return on investment for our commercial clients, we're looking at so many factors. We're looking at their load profile and their usage. We're looking at their electricity bill and their tariffs. We're looking at how their businesses run, and their hours of operation. These are the things that determine the value of that investment and how it will pay itself off.
Commercial clients are investing in high quality systems because they don't want to have an issue down the track. Quality systems allow you to install and get the benefits and savings for many years to come. Using a high quality product and a high-performance panel means that you're getting more wattage for less square meterage. This allows you to reduce the weight on the roof, which can have better implications on commercial premises when there are restrictive engineering requirements. Our commercial clients, if the system is designed well, can have 100% self-consumption, can have payback less than four years, and sometimes even as close as three years. This means solar systems have never been more viable and more economical. We're installing for local councils, for businesses because we use quality components. And what we install is designed to last for decades.