Boost Your Business with Renewable Energy
Enhance your business’s sustainability and cut operational costs with 9 Helios.
Benefits of going solar for commercial / industrial buildings in Singapore
Utilizing commercial and industrial roof spaces for solar installation is getting popular in Singapore for several reasons: limited land space, sustainability goals and high solar potential. The main benefits of solar are energy cost savings and reducing environmental impacts.
- Lower Energy Bills, Lower Operating Costs
- Invest in solar to take control of your energy costs
- Enhance sustainability and improve public image of your business
Explore how solar panels can revolutionize your commercial property
Different types of financing options for
commercial solar
The major setback for businesses to adopt solar is the initial investment costs to set up the infrastructure. To mitigate the high upfront costs and smoothen the transition to solar energy, we offer various ways to finance commercial solar installations.
Capital Purchase
(Direct Ownership)
Solar Leasing
Power Purchase Agreement
(PPA)
Agreement Type
- 100% Upfront Investment
- Your business pays for the cost of solar installation fully
- Lease Agreement
- Your business will be in a lease agreement with a solar developer
- Power Purchase Agreement
- Your business will be in an agreement with a solar developer to purchase electricity generated by the solar system at a fixed rate for a specified period in the agreement
Benefits
- Ownership to the solar system
- Long term savings
- Better ROI
- Little to no upfront cost with fixed monthly payments
- System maintenance is covered by solar developer during lease agreement period
- Zero upfront costs
- Predictable energy costs
- System maintenance is covered by solar developer during lease agreement period
Considerations
- High capital outlay with 4-5 years payback period
- Cost of system maintenance
- Solar system does not belong to your business
- Lower long term savings than direct ownership
- Solar system does not belong to your business
- Long term contract which is usually 15-25 years
Capital Purchase
(Direct Ownership)
Agreement Type
- 100% Upfront Investment
- Your business pays for the cost of solar installation fully
Benefits
- Ownership to the solar system
- Long term savings
- Better ROI
Considerations
- High capital outlay with 4-5 years payback period
- Cost of system maintenance
Solar Leasing
Agreement Type
- Lease Agreement
- Your business will be in a lease agreement with a solar developer
Benefits
- Little to no upfront cost with fixed monthly payments
- System maintenance is covered by solar developer during lease agreement period
Considerations
- Solar system does not belong to your business
- Lower long term savings than direct ownership
Power Purchase Agreement
(PPA)
Agreement Type
- Power Purchase Agreement
- Your business will be in an agreement with a solar developer to purchase electricity generated by the solar system at a fixed rate for a specified period in the agreement
Benefits
- Zero upfront costs
- Predictable energy costs
- System maintenance is covered by solar developer during lease agreement period
Considerations
- Solar system does not belong to your business
- Long term contract which is usually 15-25 years
Cost saving by selling surplus solar and selling
RECs for commercial solar
Improve your return on investment by selling your unused Renewable Energy Certificates (REC) generated by your commercial solar installation. RECs are non-tangible energy commodities that measure 1 megawatt (MWh) worth of electricity generated by renewable energy sources, such as solar power.
The main benefit of Selling RECs of your commercial solar installation is the monetary value. Imagine having a rooftop solar installation of 1MWp, you are expecting additional revenue of around $30,000+ a year depending on the sale price of your RECs. This revenue stream can offset your initial investment and also help with ongoing solar maintenance costs.
Selling RECs is a profitable strategy for businesses with commercial solar installations, providing a way to enhance their financial returns on solar. Interested to have a hassle-free experience to start selling your RECs? Reach out to us at enquiry@9helios.com to schedule a discussion.
The main benefit of Selling RECs of your commercial solar installation is the monetary value. Imagine having a rooftop solar installation of 1MWp, you are expecting additional revenue of around $30,000+ a year depending on the sale price of your RECs. This revenue stream can offset your initial investment and also help with ongoing solar maintenance costs.
Selling RECs is a profitable strategy for businesses with commercial solar installations, providing a way to enhance their financial returns on solar. Interested to have a hassle-free experience to start selling your RECs? Reach out to us at enquiry@9helios.com to schedule a discussion.
Process to go solar with 9 Helios for your business
Thinking of transforming your existing commercial building rooftop into a solar power plant?
Step 1
Onsite Survey & Consultation
- Call us to enquire about the feasibility of solar installation for your business
- Schedule an appointment for free onsite survey
- Our solar specialist will survey your existing building electrical networks and roof conditions
Step 2
Discussion & Proposal
- Our solar specialist will send you a customized proposal based on your energy requirements and preferred financing option
- We recommend scheduling a follow up appointment with us after reviewing your proposal to review your options
Step 3
Proposal Acceptance & Construction
- Our in-house engineering and installation team will schedule survey with various stakeholders to discuss and plan for the solar installation
- We will take care of the preparation of shop drawings, planning of project schedule and submission to relevant authorities
- Installation of solar panels, inverters and connection to the electrical system will be completed within specified project period
Step 4
LEW Endorsement, Bidirectional Meter Change, Solar Testing and Commissioning
- A Licensed Electrical Worker (LEW) will check and endorse the solar installation after ensuring every aspect of the solar installation is of compliance to the local regulations and guidelines
- Bidirectional Meter will be installed by Singapore Power (SP) to measure import and export of electricity
- Solar system will be tested and commissioning by SP after meter change
Step 5
Remote Monitoring & Regular Maintenance
- Upon completion, our engineers will set up remote monitoring portal on the solar inverter to allow you to have easy access to view your solar performance at 24/7, anytime, anywhere
- Besides regular monitoring via inverter portal, a regular preventive maintenance is recommended once a year to upkeep the system performance and efficiency
FAQ
Can I install solar panels on my commercial property?
Not all commercial properties are suitable for solar installation. Please contact us to schedule a discussion to find out the suitability and feasibility of solar installation for your commercial property.
Is solar power a viable option for landed houses in Singapore?
Yes, solar power is technically and economically viable for landed houses in Singapore. Making full use of your roof to generate solar power is an obvious solution in sunny island, Singapore because of its consistent sunlight without seasonal variations.
Are any regulations or permits required to install commercial solar systems?
Yes, we would need to seek approval from local authorities such as EMA, SCDF etc. for commercial solar installation.
How long does it take to break even for commercial solar?
Break even period for commercial solar varies. It depends on the scale of the solar system.
Can I install solar for my commercial property with zero downpayment?
Yes, it is possible to tap on the financing option – PPA if your commercial property is found feasible for solar installation. Please contact us to discuss.
