Over the next 5 years Jetmaster will be $22500.00 better off than they were just paying their old power bill. Over the next 10 years they will receive a clear profit of $207540.00, money that they would give away to their power retailer if they kept paying their power bill in full each month.
We now have approval from Energex to sell excess power from the system. At the 10.6 cent tariff rate we estimate a further $4500.00 per year benefit back to Jetmaster. This brings the total to $41,500.00 per annum.
The before and after results for the two commercial systems are tabled below:
Before Solar | After Solar ( 16785kwh total ) | |||
Kwh per QTR billed | Bill total | Kwh per QTR billed | Bill total | Savings per QTR |
5042 | $1703.00 | 1400 | $612.00 (credit) | $2314.00 |
The key point here is that even if the systems were 100% financed the savings per month are greater than the finance repayment, so the solar solution is cash flow positive. After 3.7 years Simon will own the systems outright and the annual return of $9258.00 is all profit for him to keep. Over 10 years that’s $92k which had no cost to him at all.
The before and after results are tabled below:
Before Solar | After Solar ( 16785kwh total ) | |||
kwh per month billed | Bill total | Kwh per month billed | Bill total | Savings per month |
16917 | $5800.00 | 10600 | $2716.00 | $3084.00 |
The key point here is that the solution is cash flow positive $375.00 per month after the 100% finance monthly payment. Over the next 5 years Jetmaster will be $22500.00 better off than they were just paying their old power bill. Over the next 10 years they will receive a clear profit of $207540.00, money that they would give away to their power retailer if they kept paying their power bill in full each month.
But wait….it gets even better!Solaron kept working for Jetmaster post install and negotiated a power purchasing agreement PPA for their export power with AGL. We now have full Energex approval to sell excess power from the system. At the 10.6 cent tariff rate we estimate a further $4500.00 per year benefit back to Jetmaster. This brings the total to $41,500.00 per annum.
Since installed the system has produced 47000 kwh of power that has been used to offset grid power or sold back to the grid for profit. Rita and John will have their initial outlay back in under 4 years, so they are very happy with their investment.
Since mid Feb 2019 the system has produced over 6000kwh that was used to either offset grid power purchase or sold back to the grid. The estimated $1450 saved covers the financed cost of the solar system so there is no cost of ownership to the business. In 60 months from install the system is fully owned and savings each year are all profit to 17 Rocks. A big win for both the business and the environment.