ProQuip save money using solar

Bayswater-based company ProQuip is reducing its electricity bills while reducing its carbon footprint since installing a solar system.

Martin Haines, managing director of ProQuip, said switching to solar as in direct response to rising electricity bills and the availability of energy from harnessing sunlight.

"Installing solar technology to power our offices and warehouse made sense. Solar energy reduces our power costs and, with the sun and our business operating during the same hours, supplies our daytime energy use," he said.

Mr. Haines said installing the 25 kilowatt system on its 750 square-metres of roof space has provided ProQuip with substantial savings.

"Our solar system has been running for 12 months now and our only energy bill in that time was $30. Instead of paying electricity bills we now have credits that we can use. We also received a substantial rebate to install the system, which was a good financial incentive."

He continued saying that there was a common misconception that the capital outlay for installing solar energy would take a long time to achieve a return on investment.

"While a 20 kilowatt system would provide our energy needs, I decided to install a 25 kilowatt system to offset costs." Mr. Haines said he anticipated their solar system installation would recover its initial capital outlay in five to seven years. With the lifespan of the components warrantied at 25 years, this meant he could look forward to 18 to 20 years of effectively free electricity, once the capital component
had been fully recouped.

According to Mr. Haines, this was not the only way that the solar installation would provide him with a return on investment. "The solar system has added value to my building, which will inevitably fetch higher re-sale and leasing values," he said.

Read the full Media Release here