With our financial product, business customers can install large rooftop solar systems with zero upfront payments and generate 30-40% of their electricity needs at a fixed price, and at a discount to the grid. After a specified period, usually between five and ten years, the enterprise owns the solar system outright, resulting in virtually no cost for power generation for two decades. We believe that this new financing model will make commercial solar accessible for businesses, driving further demand for years to come.
Here is an excerpt, as published by RenewEconomy:
A new solar start-up is targeting the commercial-scale market in Australia with a financial model that allows business customers to install large rooftop systems for zero upfront payments.
Smart Commercial Solar officially launched its “proprietary Pay-As-You-Go solar model on Friday. It is the brainchild of Huon Hoogesteger, who describes it as a “financial product with solar attached”.
Hoogesteger says his scheme will allow businesses to generate the equivalent of 30-40 per cent of their electricity needs with no upfront payment.
The solar output is sold to the business at a fixed price, and at a discount to the grid.
At the end of a specified period, usually between five and ten years, the enterprise owns the solar system outright and can generate its own power for virtually no cost. Since the installation has a guaranteed life of twenty-five years, Hoogesteger says this translates to two decades of power generation.