Financial Sustainability: Reduce electricity costs with implementing a solar generation feasibility study

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Financial Sustainability: Reduce electricity costs with implementing a solar generation feasibility study

Continuing from our previous blog, this discussion looks at clean energy and how it can facilitate renewable energy opportunities to optimise energy and costs.

In our experience, solar systems at similar premises could reduce:

  1. Electricity costs by up to 30%
  2. Carbon emission by over 50%
  3. Simple payback periods under 4 years.

However, an independent feasibility study is needed to conclusively establish the opportunities at any given site. The proposed solar generation feasibility study may include:

  1. Establishing the solar project goals, including any desired profitability, expenditure limits and payback requirements
  2. Solar generation estimates based on our knowledge from previous site visits and aerial photography
  3. Energy and cost savings estimates using energy bills
  4. Project cost estimates based our knowledge of the industry
  5. Identification of any relevant government grants
  6. Identification of other potential opportunities (e.g. batteries, energy changes)
  7. Concluding whether solar is likely to achieve the project goals.

Please contact Susmet to assess solar generation feasibility on your sites or building premises. For most small-scale projects, feasibility assessments currently (July 2020) tend to only cost around $2,000-$3,000.

This blog is part of a continuing series discussing sustainability and energy management issues. Contributions featuring achievements, techniques, products, and processes are welcome. Please feel free to contact Susmet to suggest ideas on future issues. Whilst every effort is made to see that no inaccurate or misleading data, opinion or statement appears in this blog, Susmet accepts no responsibility or liability whatsoever for the consequences of any such inaccurate or misleading data, opinion, or statement.  

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