Solar for New Zealand businesses

The article from the Energy Efficiency and Conservation Authority (EECA) explores the advantages and considerations for New Zealand businesses investing in commercial-scale solar energy. It highlights that solar energy can significantly reduce energy costs and carbon footprints, contributing to long-term sustainability. The affordability of solar energy has improved, making it a viable option for many businesses. 

Businesses have two main investment options – purchasing solar panels outright or entering a power purchase agreement (PPA) with an energy supplier. Each option has distinct benefits and considerations. For instance, outright purchase involves higher upfront costs but offers long-term savings, while PPAs require no initial investment but involve ongoing payments to the supplier. 

Key considerations for businesses include the availability of large, unshaded roof space, as shading can impact the efficiency of solar panels. Structural engineering assessments are also necessary to ensure the roof can support the panels. Additionally, businesses with high daytime electricity use stand to gain the most financial benefits from solar energy. 

The article features case studies of successful solar implementations, such as Argosy Property Management and Sudima Hotels, demonstrating the practical benefits and challenges of adopting solar energy. These examples provide valuable insights for other businesses considering similar investments. 

EECA also offers research and reports on the cost-effectiveness of commercial-scale solar. It includes a report from 2021, which examines the financial performance of on-site generation for businesses, providing data and analysis to support decision-making. 

Overall, the article underscores the potential of solar energy to enhance business sustainability and reduce operational costs, while also emphasising the importance of careful planning and consideration of specific business needs and circumstances. 


Key points: 

• Cost and sustainability: Investing in solar energy can help businesses reduce energy costs, lower their carbon footprint, and build long-term sustainability
  
  
• Investment options: Businesses can either purchase solar panels outright or enter a power purchase agreement (PPA) with an energy supplier

• Considerations for businesses: 

• Roof space: Large, unshaded roof space is ideal for solar panels 
• Electricity usage: Solar provides the best financial returns for businesses with high daytime electricity use 

• Case studies: The article includes case studies of businesses that have successfully implemented solar energy 
  
  
• Research and reports: EECA provides research on the cost-effectiveness of commercial-scale solar, including a 2021 report on the financial performance of on-site generation for businesses.