TOP 10 REASONS WHY
BUSINESSES SHOULD
CHOOSE SOLAR
IN 2022

Value of STCs decreasing annually:

Small-scale Technology Certificates (STCs) are a government incentive that reduce the upfront cost of a solar PV installation by around 30-35% for system sizes up to 100kW.

According to Clean Energy Regulator, STCs ‘must be created within 12 months of the system being installed to be valid’. The regulatory body also announced that the deeming period for systems installed in 2022 will be reduced to a maximum of 9 years, and will decline with each successive year till the scheme phases out at the end of 2030.

This basically means that the number of certificates that can be created for an eligible system will reduce; so it’s best to invest in solar energy for business as soon as possible to reap such benefits!

System costs change over the years:

While overall solar system costs are currently low, equipment costs can increase in future depending on various factors like the manufacturer or country of origin. Therefore, there’s no time like the present to choose solar for business!

Limited Government Rebates for Businesses:

Another important reason why businesses should go solar is the fact that the value of most Government rebates that allow reduction in the cost of a solar system is limited.

Victorian Solar Rebate – Businesses looking for solar and based in Victoria can avail government benefits in the form of solar rebates for business – $3500. The updated rebate value will be up to $1,750 following the allocation of the first 5,000 rebates. Thus, make the most of existing rebates by investing in solar and upgrading business operations.

Limited grid capacity:

Energy requirements are expected to increase with each successive year, which means increasing demand on the grid to fulfil electricity needs of both individuals and businesses. However, choosing solar for business will not only make it energy independent, but also feed excess power back into the grid.

Monetise the solar power you generate:

Feed-in tariffs (FiTs) refer to the amount businesspersons can get paid when the excess solar power generated is fed back into the grid. These are credited in the electricity bill. To make the most of a commercial solar system, always consider CEC-approved solar retailers like GEE Energy, who can design systems to minimise the amount in electricity bills by adjusting the exported power. Business owners should be able to negotiate a rate with their electricity retailer when connecting their system to the grid. Tariffs vary between states and territories.

Job creation:

When choosing solar for business, business owners can also contribute to the local economy by creating new jobs in the region. Solar retailers like GEE Energy only work with CEC-accredited local installers and technicians who are responsible for installing the solar system on a business property. Apart from that, businesses can also fulfil their social responsibility by giving a chance to those who might have faced a difficult time during the pandemic, and want to get back on their feet in 2022.

Future-forward decision:

Going solar makes a business future-proof and safeguards it against almost any unpredictable circumstance. Solar is considered a long-term investment that can sustain, strengthen, and secure a business in the long run from various challenges.

Flexible payment terms and options:

Flexible payment terms are a terrific option to help spread repayments over time and enable businesspersons to pay off the system with their electricity bill savings.

Become environment-friendly:

Another great reason for businesses to go solar lies in the fact that it is an environment-friendly asset. As a business owner, you’ll have the peace of mind knowing that the company is doing its part for the environment by generating its own emission-free electricity.

Green credentials:

Most Australian consumers these days are now becoming more focused upon purchasing from businesses that take steps to demonstrate their corporate social responsibility towards people, communities, and the planet. Solar will not only improve brand image, but also give businesses a green reputation for being environment-conscious. In a competitive market, become the obvious choice for customers over those who still use traditional sources of electricity that cause pollution.