Solar made easier for large business
Enthusiasm for solar energy in Australia continues at a rapid rate with 2019 solar installations increasing 36% year on year for systems under 100kW’s.1 Approximately a quarter of that volume was from solar installations on commercial premises as it becomes easier for big business to adopt renewable energy solutions.
1. Real impact to your bottom line from day one due to:
• Lower initial investment
The cost of solar technology has reduced significantly over the past few years according to a recent Lazard Report; indicating the levelized, or lifetime cost divided by energy consumption, of rooftop C&I solar can be as little as $75/MWh.
In our experience, some businesses can expect to see a financial payback of between three to five years. Each customer will see a different Return on Investment (ROI) based on their energy rates, usage profile and available unshaded roof space.
• Sustained reduction in your energy costs
In many cases businesses operate during the day, consuming and paying for electricity at ‘peak prices’ or at higher rates. For businesses using solar, the energy generated during sunlight hours is used, and energy peak prices can be avoided.
• Easy payment options
Flexible payment options mean that some Origin customers can be cash flow positive from day one, resulting in bottom line savings for businesses immediately.
Here at Origin, we can discuss payment plan options that best suit your business priorities.
2. Less reliance on the grid
By reducing reliance on the grid, businesses are less exposed to volatility in the energy market. This can help you better manage and plan upcoming expenditure and investment spend.
For Origin electricity customers, there’s an additional option to enter into an EPA or Export Purchase Agreement which provides price certainty around the cost of exported electricity for the duration of the commodity contract.
3. Quality product and service means minimal on-going maintenance costs
Solar PV provides a long-term solution to the daytime energy needs of businesses. Solar panel manufacturers typically offer a 25-year output guarantee, meaning that even after 25 years, installed solar panels will still be functional.
Solar panels typically require minimal maintenance or ongoing costs and are durable for the varied weather conditions throughout Australia.
Interested in solar?
Our dedicated Energy Solutions experts are on-hand to assess the suitability of solar for your business.
The first thing we do is find out more about your business and your priorities:
- We’ll assess your existing daytime electricity load
- Undertake a desktop assessment to determine the unshaded roof space available to hold solar panels.
- Use economic modelling to determine the optimal solar solution for your business
- Compile a report summarising the suitability of solar which includes the economic benefits of going solar and your ROI.
Email EnergySolutions@originenergy.com.au and we’ll call you back to arrange a time to meet.
What are demand charges and can you minimise this cost?
As an Origin Business customer, you will see Demand charges on your electricity invoice. These charges are from your network provider to ensure your business can draw large amounts of electricity when required.
How are demand charges calculated?
Using your business’ average energy usage over 15–30-minute intervals, and the highest interval for that billing month, the maximum capacity to draw energy, in kWh, is captured.
Each network provider will calculate the demand-charge rate differently using your capacity to draw energy.
Reducing your demand charges
You can reduce your demand charge by changing your energy consumption:
1. Solar can assist
Your business may be able to reduce its demand charges by drawing power from a different energy source like solar during peak periods. Doing this decreases the maximum load of energy drawn from your electricity network during any given 15–30 interval.
As an Origin customer, we have renewable solutions that can also help to reduce your demand charges in this way.
2. Use energy more efficiently with a Power Correction unit
Another more direct way to reduce your demand charges is by reducing your energy consumption. This doesn’t have to mean sacrificing certain power sources or changing the way your business operates. It could be as simple as installing a Power Correction unit, designed to help your business use energy more efficiently and in turn reduce the maximum load of power your business places on the grid.
If your business has a poor power factor – typically between 0.7 to 0.8 – installing a Power Correction unit may have a long-term benefit.
3. Stagger the start-up of your equipment
Starting up your equipment can often place a huge draw on the network and can increase your demand charges. You can potentially reduce your demand charges by staggering the start-up of your equipment and reducing the high volumes of energy drawn during this high-consumption period.
Our experts are on-hand for more tips on how you can reduce your demand charges.
Email your questions to EnergySolutions@originenergy.com.au and we'll call you back when it best suits.