A combination of the cost of traditional power supplies predicted to rise over the long term, a drop in solar photovoltaic (PV) costs and an increasing awareness and understanding of solar has opened the door to a subsidy free market, and renewed opportunities for clients to generate their own clean, green solar electricity.
Through its new solar PV fund, Zestec is already developing a wide range of commercial solar PV systems across the UK, which don’t require the support of any government subsidy.
What does the fund involve?
Zestec manages, develops and acquires solar PV assets on behalf of institutional and private investors. Our multi-million pound funding means we can rapidly develop new commercial solar PV systems under a PPA as well as acquire built commercial solar PV systems under our Buy-Back model.
What are the benefits for commercial property owners?
1 Free solar PV system
The solar PV system is fully funded by us.
2 Immediate savings on electricity bills
Solar electricity you consume is purchased at a cheaper rate than is available from your current energy provider.
3 Long-term protection against energy market
The unit price you pay for electricity generated by the solar PV system will rise only in line with RPI, allowing you to budget more effectively.
4 No maintenance or insurance costs
Zestec proactively manages the system for you under a long-term operation and maintenance contract, including provision of insurance cover – all at no cost to you.
5 Fully transferable
Changing commercial premises in the next few years? No problem. The lease is automatically transferred to the new occupants of the property should you move on.
How much could you save?
An existing commercial client has asked us to provide them with a system comprising c.1,480 panels (400kWp). Through our PPA tariff, the client has projected savings of around £50k over the first five years, with that figure rising to £840k across the 25-year term. This equates to the client forecasting to reduce their carbon emissions by around 112 tonnes each year.
What about storing unused energy?
Battery storage and electric vehicle charging are rapidly developing products and technologies that we believe could be combined with commercial solar PV in the future. As soon as there are fully funded solutions available, we will be advising our clients and partners explaining the benefits they may be able to harness.
Are my buildings suitable for solar PV?
We’ll carry out an initial desktop feasibility study to determine the suitability of your building for the installation of a new solar PV system.
During this process, we’ll assess your roof size, pitch and orientation and to achieve maximum benefit from a PPA you should be consuming regular amounts of electricity, on a consistent basis.
You will also be required to demonstrate long-term financial stability, as you will be entering into a long-term relationship for around 25 years.
Our experienced team have been funding and managing solar PV assets since 2011, offering businesses a simple, clean and cost-effective way to power their commercial buildings. If you’d like an exploratory chat about how you may be able to harness the power of solar energy and generate your own clean, green electricity, get in touch with us today at https://zestecgroup.co.uk or call 01202 862 760.