It is not surprising that the volume of solar in businesses is increasing as a result of systems providing strong financial returns. Capex is no longer a barrier to gaining the benefits of solar power for businesses across Australia. As well as saving a significant amount of money that can be used towards other initiatives and improve your bottom line, the production of clean energy increases your green credentials which can attract potential customers.
Our exclusive partnerships with Australia’s leading financial institutions allow us to offer flexible finance options to suit any business’s needs. These options can be as simple as utilising savings from the introduction of solar power to pay off the system over a flexible term avoiding large upfront costs, purchasing upfront or simply leasing the system when you need it.
“At Solgen we want everyone to have access to clean, affordable energy. Between the growth of renewables and the leading technology being developed right now, capex shouldn’t be an obstacle,” Solgen Energy Group Chief Executive Officer David Brown stated.
“Throughout your energy transition, we will work closely with you to match the renewable energy solutions with an optimal, affordable financial solution. We understand that one finance option won’t work for all businesses.”
Whether you’re a small business or large multi-national, owning your own system may not be the right decision. Businesses can lease a solar power system for a particular amount of time. The finance provider owns the asset and you can lease it from them for an agreed period, making fixed monthly repayments. A substantial benefit to leasing is the availability to deduct full payments for income tax purposes. At the end of the term you can choose whether to continue leasing and benefiting from clean energy, purchase the system or end your lease.
If leasing doesn’t fit your requirements, you can select finance to own the system immediately, known as a Chattel Mortgage. Making fixed monthly repayments, at the end of the term the clear title for the asset will be transferred to your business. In most circumstances, small businesses can also apply an immediate $20,000 upfront asset tax deduction on a solar power system.
If your business doesn’t need to own the solar power system but wants to benefit from clean, cheaper energy then a Power Purchase Agreement (PPA) will work. Solgen will install a customised system and you will only pay for the electricity produced. With no upfront costs and flexible arrangements, energy cost savings begin immediately.
More information can be obtained from Solgen Energy Group by calling 1300 660 704 or emailing us at firstname.lastname@example.org