While most clients that are looking at investing in a Solar Car Park Solution understand the benefits to their business and the environment, there is always a level of concern around the actual return on investment.
For example, some typical questions we get from prospective clients about our Solar Car Park Shade Structures are:
Whilst we would like to be able to give you some straight answers to such questions right here on this page, as they all have mitigating factors that need to be ascertained before they can be answered in full, we really need to find out more about each potential project in order to clarify these points.
For example, the first two points listed above are heavily dependent on the overall location, orientation, size and layout of the site, and the associated Solar Shade System we can design to suit. This, along with things like the current power rates the client is paying, distance from and condition of current main switchboard, and the amount of civil works (like trenching and/or, directional boring) that will be required, all have a bearing on the overall cost and return.
All of these elements contribute to determine the overall costs associated with the project and the overall returns you can expect.
However, to give you some general information that might help initially, here are some general stats:
Nb: The above figures are based on either projects completed or proposals made on existing sites. They are averages only, and may or may not represent the returns your asset may show. These figures are for indicative use only. For actual results on your asset, a full analysis would need to be completed which includes site specific information such as energy rates, location, orientation and site design.
PV Structures have teamed up with the industries best renewable investment funders that allow us to introduce our clients to the world of Power Purchasing Agreements.
These investment companies have access to a wide array of funding models that can essentially cut your CAPEX cost dramatically and in some cases completely. This process allows you to fund your asset purchase via the power you generate from the Solar Car Park Solution.
So how do PPA's work?
Sometimes a PPA might require you to pay a portion of the costs up front, where as in other cases there may be little to no cash flow required.
This is heavily dependent on your current rates, the size of the system installed and the overall amount of power generated under the agreement.
In this situation, like many other forms of development projects or works performed, generally the project is financed and paid for out of the client's CAPEX budgets.
By doing this allows you leverage minimal to no finance fees, so you own it straight away.
You can then write off the available tax benefits as per normal and make the most benefit of the solar gains your new Solar Car Park Structure provides.
This is generally paid for in milestone payments through out the course of the development process that aligns with completions and our procurement flag points (eg Engineering, footings, Structural install, Solar panels delivered to site, solar completion etc).
This is by far the most common and preferred method used by clients in their project funding, as it offers the best bang for buck and gives them complete asset ownership from the start.
We Utilise not only our in-house skills and knowledge but also an extensive national list of suppliers and contractors. It is our preference to feed and support the local
supply chains to increase workflow and within local communities.