If you need anywhere to between fifty thousand to 5...
Author: Ir. Prabha
Businesses don’t always think about solar power systems as part of their “financial strategy”. They should, because, it’s a great way to significantly reduce their operating costs, and help preserve the environment at the same time. For all intent and purposes, it is the very definition of a win-win situation.
Electricity cost, represent a major portion of any businesses’ operating cost and they are on the rise year-on-year to the point of exceeding the cost of inflation.
As little as 15 years ago, solar power was almost for the tree-hugging hippies. It was an afterthought to score some brownie points during the company’s annual dinner under the CSR segment.
With escalating prices of coal, oil and gas, and increased capacities on energy storage systems and solar modules, the cost per energy output from solar these days are actually cheaper than traditional sources of energy, and they will continue to be even cheaper. So why is adoption slow?
Despite all the incentives for cleaner energy, our country have traditionally been a net oil exporter, and the sector contribute greatly to our economy. It is only natural that investments, policies, and existing infrastructures of the energy industry in Malaysia as a whole leans favourably towards the direction of fossil fuels, but the clock is ticking, and tide will eventually win.
Rooftop installation – LRT station
For maximum benefits, paying for your solar panels upfront, either with cash or via a loan is the way to go.
This allows you to take advantage of generous tax credits and other incentives that are often tied to ownership of the system.
For those that prefer NOT to invest capital upfront or those with limited tax liability, there are several attractive leasing options. These include:
Each schemes helps to significantly reduce your electricity costs and generate considerable Profit Margins. There are various financing methods require little or no money down and the monthly savings on your electric bill exceeds the monthly lease or PPA payments. In other words, your investment in solar is cash flow positive from Day 1.
Whether you choose to own or lease your solar power system, your business will still be able to hedge against electricity rate increases and gain more control over its utility expenses.
Installing solar onsite frees up significant amounts of cash — cash that can be reinvested to support future business growth. Solar will improve your bottom line, make your business more competitive, and fuel future success.
Hydro Solar installations