What you can’t measure, you can’t manage – no, check that – you can’t charge out!
Commercial solar is the next frontier. Although regulations have created challenges for large scale solar (20kWh+), it is now gathering momentum due to energy pricing pressures in the contestable commercial market, falling PV panel costs and domestic saturation. Solar generation will soon be on an office, industrial facility or shopping centre near you.
Commercial solar creates great opportunities for profit, as energy generated can be on-sold to tenants at the gazetted commercial rates. The key to this is metering the solar power being generated properly behind that Western Power “gate” meter. We’ve been writing and talking about embedded metering for some time, highlighting the financial and management benefits of controlling the system behind the gate meter, but solar adds a whole new level of performance advantage.
Traditionally, power is bought from an energy retailer at the gate and – with a decent metering system – can be sold to tenants at a profit. As soon as you start generating your own power behind the gate, you need to manage energy flowing in two directions. Good quality (but not expensive) meters can detect the direction in which energy is flowing and complement these new large-scale solar installations. Energy can be measured and exact tenant consumption of both grid energy and locally generated solar can be charged out.
Commercial Solar Power Bonus
The cost of large scale solar is no longer prohibitive and suppliers now have a range of options to finance the installations. This can be a lease, straight purchase or a profit share arrangement that may include maintenance and management. The income from the energy can be used to pay for the cost of solar installation in a way that suits your particular finances. In the end you’re left with an income-producing asset, adding value to your property.
Are increased profits and building values of interest to you or your clients? As metering specialists, CarbonEMT can provide guidance on managing hybrid energy solutions as well as putting you in touch with trusted hybrid grid-solar energy providers.