Commercial Solar Systems
GEELONG | BALLARAT | WESTERN MELBOURNE | WARRNAMBOOL
Commercial solar systems have great potential to not only reduce your electrical costs but also create a positive cash flow from year one.
Commercial Solar power in Geelong is becoming more popular. Solar power has helped many Geelong organisations reduce those unwanted bills and counteract the rising cost of electricity by installing Solar Power.
Commercial solar systems have the ability to pay off the initial cost of investment in 4 – 6 years. This makes return on investment (ROI) up to 25%. With options of leasing through commercial solar, it can not only reduce your bills but return positive cash flow for your business.
The right commercial solar system solution
Like any solar system, commercial solar systems need to be designed correctly. Not only does consideration need to be given to how may panels can fit on a commercial roof, bit also the impact of system size on Return on Investment. At Velocity Solar we take the time to complete site inspections and where possible, a load analysis from your retailer. Armed with this information, we can designe a system that will best suit your needs.
Not every commercial solar system is the same. Bigger is not always better. Let Velocity Solar take the hard work out of designing the right commercial solar system for your business.
At Velocity Solar we take a similar view to those who install solar farms overseas. They won’t use an untrusted panel manufacturer and neither will we. This gives the best peace of mind possible to our customers.
Low Risk, High Yield Return on investment
Commercial solar power can guarantee 25 years of returns on investment. This is a return that not many other investments can provide. Commercial solar systems have a high yield but also a low maintenance cost over the life of the system. This along with long warranties make commercial solar a very low risk investment.
Installing solar power on your premise will reduce your ongoing energy consumption costs. With finance options available, your business can have access to this secure investment without the worry of unnecessary cash flow issues.
Reduce rising electricity costs
When investing in a commercial solar system installation you will be gaining protection against imminent and significant rising electricity costs. Electricity prices have risen significantly (almost 100% in the last 8 years), and are expected to continue increasing at a similar rate over the next few years. Solar provides a free energy source for your company, which translates to consistently lower energy costs.
As energy prices increase your savings will too, as the power you produce with your system is always constant from the day of your commercial solar install.
Business and Commercial Solar Finance Options
Geelong businesses are getting more savvy with expenses and want to protect themselved from outside influences they have no control over. As the price of electricity supply and other commodities soar, business owners across Geelong and Victoria are facing massive increases to their expenses and seeing impacts on their bottom line. Solar power gives the business owner the opportunity to take control over their energy costs and manage their budget more effectively. The finance repayments may also be tax deductible to the business.
Specialty Solar finance
Commercial finance for solar systems is very specialised and traditional major banks and lenders are not generally interested in financing solar power, or accepting solar equipment as collateral. However we have a good relationship with several solar lending companies and can access reasonable rates and terms for most installations.
Renewable energy finance options
Not only can finance be used to supply commercial solar, but finance can also incorporate energy efficient lighting such as LED Hi bays and retrofitting shop store fronts. This leads to a more energy efficient business and reduced energy costs overall. We are licenced electrical contractors and have the ability to be the complete one stop shop for all renewable energy options.
Below are some examples of different finance options that Velocity Solar can accommodate for commercial solar in Geelong. Velocity Solar does not recommend any of the options over others. We recommend that you discuss the options available with your accountant to find the one most relevant to your needs.
Chattel mortgages can have some of the following features:
- Up to 100% of the invoice cost can be financed
- The client owns the equipment from day one
- The client claims 100% of the GST back in the first BAS period
- A client claims tax deduction for the interest component of the repayments
- Clients can claim depreciation of the equipment
- Loan is shown as a liability on the clients balance sheet
- Standard loan term of 60 months (up to 120 months may be available for large corporate clients)
Operating Lease (Rental Contract)
- Repayments are 100% tax deductible (as opposed to only being able to claim interest and depreciation on the Chattel Mortgage)
- After the rental term the client can offer to purchase the equipment off the funder (usually for an amount equivalent to one month repayment).
- Off balance sheet expense – is not shown as a liability on the customers balance sheet
- Fixed payments for the term of the agreement – makes it easy to budget for
- Utilises the asset being financed as the security
- 100% of the cost is financed – install, engineering and supply
- Preserves the customers working capital and existing funding lines
- Similar to the Chattel Mortgage but GST cannot be claimed up front, and asset is owned by client upon final payment.
Low Doc Lease – under $35k
This facility might not be for everyone but it’s is a fast and simple solution for any business lease under $35,000.
There are absolutely no financial statements (tax returns, BAS etc) required; you simply need to have held a valid ABN with GST registration for 2 years or more, and preferably be a property owner.
You can borrow 100% of the equipment cost over 5 years.
One simple application form, no financials, great interest rates – what could be easier?
Commercial Solar Rebates
We are here to work with you on any commercial solar rebates that may be applicable. The Victorian Solar Homes program has a commercial rebate program coming in 2021.