Body Corporates Can Reap The Benefits Too
This Body Corporate located at Marcus Beach consists of nine residential units (nine owners).
“The decision to invest in a solar system and choosing the size of the solar system was based on
exhaustive research.”
The solar system is connected to the body corporate meters and provides power to the communal area covering the swimming pool during the day and offsetting the cost of night-time lighting. Any extra power generated by the solar system is exported back into the main electricity grid. Income derived from any excess power exported back into the electricity grid is used to augment the sinking fund and assists with funding maintenance and/or improvements to the communal areas to the benefit of all owners and tenants.
KEY DRIVER FOR INSTALLING SOLAR
Financial Sustainability and keeping downward pressure on annual Body Corporate levies.
The Body Corporate at Marcus Beach used the following criteria when selecting the solar system:
A system that shares benefits and minimises costs to owners
Simple system that is easy to maintain in a body corporate context
Value for money with good payback period,
Quality, reliability and performance – with excellent warranties,
Safety and maintenance, and
Reputation of solar installers.
A detailed solar calculator was used to look at a variety of solar size options and comes highly recommended for anyone considering installing a solar system.
BUSINESS
Marcus Beach Body Corporate
BUSINESS TYPE
Body Corporate
LOCATION
Marcus Beach
DATE INSTALLED
April 2019
SIZE
13.2 kW
TECHNICAL
Longi 300W solar panel
10kW Fronius Symo inverter
ELECTRICITY COST BEFORE SOLAR
$1,100 - $1,350 per year
ELECTRICITY COST AFTER SOLAR
new system offsets the entire electricity bill
INSTALLATION COST
$10,790
ESTIMATED PAYBACK PERIOD
2.2 years – 3 years (based on 20 cent feed in tariff)
EMISSIONS REDUCTION
Greenhouse Gas Emissions Reduction per year: 16 tonnes of CO2-e