FINANCE

Finance2019-04-14T11:57:54+00:00

Your Options For Buying A Solar System

Purchasing Upfront

While you can opt to pay for a solar power system outright, you must have the money upfront. Plus, you are are responsible for all out of warranty repairs and maintenance*. For these reasons, buying a solar system outright is not a viable option for the majority of small businesses or residential customers.

That’s why Sovereign Solar has forged partnerships with financial lenders instead, to help more people utilise solar power.

*this is correct weather they pay upfront or take a loan

Better to talk about “not all of us have the means” trying to save the money while paying for the power bill that $2000 to $2500 your currently paying for power help you pay your system off

If you utilise a solar power purchase agreement, your provider will own the system and you will pay for the energy produced, even if not all the power is used. The system owner gains the credits for selling the power back While this may appear to be a way of minimising commercial risk, you don’t own the asset; so it may not be a great option for residential customers. Emphasise Our customers deserve better, which is why Sovereign offers superior financial options via official partnerships.

Purchase Agreement

If you utilise a solar power purchase agreement, your provider will own the system and you will pay for the energy produced, even if not all the power is used. You may be able to sell the excess power back to the grid, but not necessarily at the same rate you paid for it. While this may appear to be a way of minimising commercial risk, you don’t own the asset; so it’s not a great option for residential customers. emphasiseOur customers deserve better, which is why Sovereign offers superior financial options via official partnerships.

Loan

If you obtain a solar loan, or payment plan, no upfront payment is required. Your power bill is reduced dramatically and you receive a separate loan repayments. In 85% of cases the reduction in the power bill exceeds the loan repayments, So it is just like your power company paying for your solar Aswell, you will own the system at the end of the contract. emphasise Thanks to our distinguished partnerships with Australian owned Classic Funding Group, Brighte or Certegy; a loan is secured against the value of your solar PV system.

Lease

When you lease a solar system, no upfront payment is required. Instead, you pay a fixed monthly payment, then pay for the reduced grid power separately. For most businesses the lease payments as actually les that the system saves.  You can reap the benefits of solar energy now, and pay just $1 at the end of the lease to own your solar system outright! emphasise An operational lease with our partner TPC is a fantastic option for commercial customers; because the repayments can be claimed as a business expense, reducing the amount of tax the business pays! This is a great option for businesses to optimise the saving in solar as well as maximising tax benifits

Ready to install a Solar Energy System?

Talk to the team at Sovereign Solar about your options today!

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Financial Considerations

  • Every state and territory Government in Australia has different regulations which impacts the FiTs offered by electricity retailers. FiTs may be mandatory in some regions, but not necessarily, so shopping around for the best retailer deal is essential!

  • Your location, the eligibility of your solar system, your chosen electricity provider and the timeframe you send power back to the grid are all factors which can affect the feed-in tariff your business can receive.

  • Additionally, the size of your solar system, installation complexity, maintenance costs plus your FiT are all factors which will determine exactly how cost effective your commercial solar installation becomes.

  • Always confirm the eligibility of your system for a FiT with your electricity retailer and investigate competitor rates to ensure you are getting the best deal.

  • The returns your business experiences as a result of your investment in a solar PV system depends on a variety of circumstantial factors. It’s a good idea to use your most recent electricity bill to form an accurate estimate of the potential savings you could make by installing solar PV.

Contact Sovereign Solar today to get your Free Energy Assessment!

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