Why should a company install Solar PV now?
This is an obvious one, but reducing your energy cost overheads to improve company profits is still the main driver of solar projects. Solar does this by providing a proportion of the site energy requirement at far lower cost than the grid price.
Improve the company’s Environmental Social & Governance (ESG) rating so that working with your company is more attractive to other companies looking to reduce their own carbon footprint. This can also help with less tangible benefits such as improved feel-good factor for company employees and staff retention.
Currently the market price for solar equipment is very low, so an ideal time to buy in and enjoy a quick payback period for your initial investment, should this be a CAPEX consideration.
If the system is to be funded rather than outright purchased, there are several finance vehicles that can be taken advantage of to maintain cash at bank or invest into other company expenditures. These include fully funded Power Purchase Agreements (PPA) for large systems over longer time periods or Leasing arrangements over shorter terms or for smaller systems. More details on these below.
The PPA company installs the system at no cost to the client and maintains the system throughout the agreement term. At the end of the term the system is gifted to the client to make use of for its remaining life, which will vary depending on the agreed PPA length to begin with. A solar PV system installed with the best components can last 30 years.
This finance model works with systems over 250kWp in size due to the economy of scale and favouring single roof installations with metal type coverings. There are early buy out options with these types of agreement or if you are selling the business, the PPA can be passed on to the new owner if they are agreeable.
If your buildings roof is in need of replacement, it may be possible to include this within the PPA proposal along with the solar PV installation, please get in touch for more information on this.
Leasing agreements are effectively finance secured on the asset and typically are taken out over a 1–7-year period and when energy savings are considered, can provide a cash flow neutral or even positive effect, depending on the site-specific installation costs.
Even if the system is slightly cashflow negative over the term, this still may be preferable to using the company’s capital to purchase the system outright from the beginning and waiting for the payback period to see a return.
Once the lease ends the system can either remain in the ownership of the lease company for peppercorn payment or ownership transferred to the client.
MD Electrical Construction Renewables Ltd was established in 2013. We are a large team of fully qualified NICEIC electricians. We are experienced in all aspects of electrical construction installation and repairs for commercial, industrial and domestic system installation, maintenance and repairs. Our services include solar panels and battery installation, electric vehicle charging points, access control systems, data installations, landlords safety certificates and more.
We have dedicated an entire team to the renewable sector as we believe in the technology and the benefits it brings to our clients.
Free Consultation
We will initially request copies of your electricity consumption information and pricing so that we may use this to form the basis for the design.
Electricity Consumption Request
Initial satellite image design to see what can be achieved with the roof space available.
Satellite Image Design
Booking of a free onsite consultation and review of the existing electrical installation. This will help to fine tune the initial budget costs for the system. We will also guide you through the various equipment options on the market and the warranty types they offer.
System Design
Following the onsite consultation we will update the 3D model, assign the correct inverter for the system size, undertake the AC/DC electrical design and apply the correct framing for the roof type
Budget Costs
We seek to include all costs necessary to install the system from Solar PV equipment, scaffolding, electrical sundries, installation labour and commissioning as part of the budget costs. If the budget costs are agreeable………..
Finance Options
If the budget costs are agreeable, the next step is the detailed design stage to identify costs fully and remove project risks, see below for more detail on this. CAPEX, PPA and Lease
It is our aim to provide a professional experience from project initiation through to handover and we pride ourselves on giving the best advise possible regarding the most appropriate system size and equipment selection.
It is essential that the thought is given to safe future access for roof-based installations as annual cleaning of the solar panels will be required to ensure optimal performance throughout the system life.
Roof access may consist of fixed safety lines, cat ladders and walkways, depending on the roof type. We will advise on this during the detailed design stage and develop an appropriate system with a specialist provider, who will also certify the access system each year.
Solar panel cleaning may be instructed to a specialist cleaning company or undertaken by the client’s own maintenance team, once they have had the correct safety training for roof access systems. We can also arrange this on your behalf as a complete package if instructed.
Apart from keeping the solar panels clean and free from pests, we also advise annual testing of the electrical installation and this is a service we offer in house. This testing involves disconnecting and testing the DC cables from the panels to check for insulation faults, visual inspection of the electrical installation and overall system performance checks.
We can also sign in to the system monitoring platform to look for faults and liaise with the equipment manufacturers on your behalf to resolve issues.
Generating your own energy is extremely rewarding and you can further optimise the experience by storing excess energy in batteries.
Every business has their own specific operating load profile, it may be 8am-5pm Monday to Friday or 24/7 and 365 days a year. Battery storage can help capture the excess solar that was not able to be used at its exact moment of generation.
If your business operates until 5pm each day, think of all the excess generation in the summer when daylight hours exceed this time. Or if you shut at the weekends, the solar will still be generating, this energy can be used to power your business first thing Monday morning.
MD Electrical Construction Renewables Ltd is a licensed and reputable supplier of solar panel systems and accessories in Chatham and nearby locations. Our technicians can install premium-quality solar panel systems on commercial and residential properties anywhere in the region. We will work fast and efficiently to install your new innovative solar panel system so you can save money on electricity immediately.
Our solar panel systems contain advanced photovoltaic materials capable of absorbing significant amounts of solar energy during the day and turning it into electricity for appliances, lights, and electronics. The Tesla Powerwall solar battery unit will store the solar energy captured, allowing you to use it as electricity during the day or night. That way, you can reduce your dependency on fossil fuel-based electricity and enjoy lower monthly power bills.
Would you like further protection and security for your solar panel system? MD Electrical Construction Renewables Ltd can offer additional maintenance and protection services for your solar panel system to ensure maximum efficiency and dependability. These services include scheduled maintenance, cleaning, and bird protection services. By using these services, you can increase the lifespan of your solar panel system for many years to come.
Call us at 01322 933 106 or email us at [email protected] to learn more about our solar panel systems and maintenance services in Chatham.
Grid connections to new buildings can be expensive, sometimes prohibitively so, if this is the case on your new project we can help. Please get in touch with our design team and we will be happy to advise on budget costs for a full off-grid system.
MD Electrical Construction Limited provide a full range of electrical installation, maintenance and repairs to domestic, commercial and industrial systems. We operate in and around the whole of England.
Founded in 2013, we bring over a decade of experience in electrical and renewable installations, offering unparalleled breadth of knowledge compared to newer companies.
Our ISO 9001 and 14001 certifications ensure internationally recognised standards in quality and environmental management.
By analysing site-specific half-hourly meter readings, we customise system designs to precisely meet each client’s needs.
Through our partners, we provide tailored funding solutions, including leasing and Power Purchase Agreements (PPAs).
Our designs adhere to RC-62 Fire Safety requirements, integrating advanced safety measures such as SolarEdge Optimizer systems, firefighter rapid shutdown switches, roof walkways, and safety lines.
We help clients ensure compliance with fire loss prevention requirements to maintain valid insurance coverage for solar installations.