Benefits Of Turning Your Small Business Solar
- Written by: Teho
Running your own business isn’t easy and with the unpredicactly of the world we operate in, it isn’t getting any easier. Where is your next customer coming from? How will you adapt to support growth? How will you become more sustainable? Why is my OPEX always changing? There are millions of questions and not enough answers.
To help answer some of these common business problems, more and more businesses are making the switch to renewable energy. Here are three benefits of making the switch to solar, and how it can impact your business.
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Predictable OPEX
One of the biggest challenges for all small businesses is unpredictable and ever changing operational expenses. When costs change month to month it is very challenging to manage cash flows and forecast sales.
When you install solar, not only will your total energy bills be reduced due to you switching away from 100% grid power, you will be able to forward predict your electricity costs more accurately.
When you buy from the grid, you lack the control to know the cost of your electricity. When you are consuming your own clean green electricity from your roof top solar system, you can forward predict your operating costs much more accurately.
Good solar systems will even come with software that lets you assess and review your generation and use both live and historically. This gives you an opportunity to understand your energy use better than ever before.
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Get More Customers
It is no secret that businesses around the country and the world are actively making the switch to renewable energy to reduce their carbon footprint. They are also making a lot of noise as they do it and that is because people are beginning to place a lot more emphasis on a companies environmental impact when making critical decisions on who to deal with.
Once you have installed solar on your roof, it’s time to tell the world! You can now market your business promoting the actions you are taking to reduce your carbon footprint. It is that simple!
Promoting your carbon policy to your customers can also help with retaining customers and improve engagement with your business.
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Access Government Incentives
Installing Solar in Australia is heavily incentivised by both State and Federal Governments. At a federal level, at the moment, anyone who installs a new solar system under 100kW (which is very, very big) is entitled to receive STC’s also known as Small-scale technology certificates.
These certificates (commonly referred to as the solar rebate) are quite lucrative as they lower the initial cost of buying solar. On an average 20kW Small Business Solar System, you are entitled to 276 certificates which is around $10,500.00. Yes, that's right $10,500.00 from the Federal Government to install solar.
State based incentives vary from state to state and time to time however an example would be the recently released Victorian Solar For Business Rebate. Launched in March 2021 and due for roll out in April, the program will pay an additional 50% or $3,500 (whicher is lesser) to small businesses in Victoria who install new rooftop solar systems.
These incentives and rebates are put in place to help more businesses make the switch to renewable energy for the exact reasons we mentioned above.
In nearly all cases, to get the rebate you don’t even have to do anything. You can generally sign the incentives over to the installer/retailer who will show them as a discount on your quote and claim them accordingly.
Making the switch to solar can be a very strong business decision with multiple positive outcomes. From more customers to more predictable bills, solar can help your business save money and the environment at the same time.
About Teho
Founded by brothers David and Jonathan Green in 2020, Teho is Australia’s first full-service renewable energy broker connecting both consumers and businesses with renewable energy solutions and financing options.
With backgrounds in renewable energy and finance, David and Jonathan created Teho after seeing a gap in the market for a one-stop renewable energy brokerage.
Teho works across solar, renewables, batteries, electric and hybrid cars, and has a focus on connecting customers with reliable and qualified industry partners.
By providing financing and payment options for both consumers and businesses, Teho makes the switch to renewables simple and seamless.
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