Can your business afford not to install solar?
Over the past few years there’s been a huge uptake of solar power systems in Australia, something which has been due to the generous government rebates, the feed in tariffs, and of course, to the very large increases in our power bills.
The majority of people who have opted for solar power have been residential customers as the cost of the investment against the returns have been exceptional. Currently, most customers are getting between 20% and 25% return for their money, and in some cases even more.
Three years ago solar systems were out of reach for businesses because of the high outlay against the returns, but with product prices falling sharply over that period, added to the rising cost of electricity, we have now got to a point where not installing a solar system does not make financial sense to your business.
Halcol Energy has teamed up with a reputable financial company to offer great deals on their commercial solar systems. Packages can be arranged with no upfront expense based over a 5 year period on a lease-purchase agreement. These arrangements can be fully amortised, which means at the end of the 5-year term the system is paid for outright. On top of this, the repayments are fully tax deductable. The repayments are fixed so you do not have to worry about how to budget for the annual increase in the electricity costs. After the next round of increases coupled with the introduction of the carbon tax, we expect that the repayments will be on a par with the cost of your electricity bills.
All businesses should be making the most of this now. It could be the best investment you will ever make.