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ASPS EV mission is to provide our customers with the most innovative, reliable, and cost-effective energy efficiency and renewable energy solutions that respect their environment and the communities we serve. We are committed to delivering clean, renewable solutions that reduce global carbon emissions and promote sustainability.
We strive to make the world a better place through improved energy efficiency, sustainably sourced energy solutions, and by empowering individuals across Australia with clean energy access.
In the rapidly growing field of renewable energy, commercial solar projects play a vital role in reducing carbon emissions and promoting sustainability. Various certificates and incentives are available to encourage the adoption of solar energy systems by providing financial support, reducing installation costs, generating additional revenue and contribute to environmental sustainability.
Here, we explore the benefits of three essential certificates – STCs, LGCs and VEECS commercial solar projects in Victoria (VIC) and New South Wales (NSW).
STCs are designed to support small-scale renewable energy installations, including solar photovoltaic (PV) systems, with a capacity of up to 100kW. The number of STCs awarded is based on the system’s expected electricity generation over a set number of years.
Benefits:
Real-Life Example:
A shopping mall in NSW plans to install a 50kW solar PV system on its rooftop. Through the STC scheme, the mall receives 500 STCs, which can be sold to an energy retailer, reducing the upfront cost of the solar project by AUD $20,000.
LGCs are designed to support large-scale renewable energy projects, typically with a capacity of over 100kW. They are generated based on the amount of renewable energy produced by the system.
Benefits.
Real-Life Example:
A 5MW solar farm in VIC generates approximately 7,500 LGCs annually. The project developer can sell these certificates to electricity retailers or traders at the current market price, generating an additional revenue stream of around AUD 225,000 per year.
Victorian Energy Efficiency Certificates (VEECs): VEECs aim to promote energy efficiency measures in Victoria by incentivizing businesses and individuals to undertake energy-saving projects.
Benefits.
Real-Life Example:
A manufacturing plant in VIC replaces its outdated lighting system with energy-efficient LED lights. By doing so, they earn VEECs, which they sell to energy retailers for AUD 4,000, offsetting a significant portion of the lighting upgrade costs.
A cash flow positive commercial solar installation is one that generates more revenue from its solar energy production than it costs to operate and maintain. This means that the business that owns the solar installation will see a positive cash flow from the installation, even after taking into account the upfront cost of installation.
There are a few factors that can affect the cash flow of a commercial solar installation. These include the size of the solar installation, the amount of sunlight that the installation receives, the cost of electricity in the area, and the financing terms of the solar installation.
To guarantee cash flow positive investments for commercial solar installations, you need to make sure that the solar installation is sized correctly for the business’s needs. You also need to make sure that the installation is located in an area that receives a lot of sunlight. Additionally, you need to make sure that the business can afford the upfront cost of the installation and the ongoing cost of operation and maintenance.
At AMPS EV, we take Corporate Social Responsibility very seriously and believe in giving back to our staff and community. When it comes to our people and communities we promote the following values: