Solar in Embedded Networks10 October 2017
Solar Electricity Generation
Many homes and businesses are looking to make a positive impact on the environment and to reduce their energy bills by switching to solar electricity generation.
At some times of the day, solar may produce more electricity than is being used. Individual solar owners can generate financial returns by feeding the excess electricity back into the grid through feed-in tariffs. Depending on your arrangements and capacity, any excess output would be sold to the grid with a rate of about 11 c/kWh. Selling back into the grid might also attract additional costs for Conditioning from your distributor.
Often, in multi-tenant environments, solar arrays are used to provide power to common areas. As the solar energy substitutes for the electricity that would otherwise have been purchased from your retailer, you are saved this expense but any unused energy is returned to the grid at a low value.
Solar in an Electrical Embedded Network
An embedded network is a considerably more efficient and profitable way to utilise solar power in a multi-tenant environment.
A Solar array in an Embedded Network can be larger than a stand-alone and, as a result, is a far better return on investment than a stand-alone or an array just used as an offset for the common area.
With an Embedded Network, in addition to utilising the energy to power your common areas, any excess solar output can then be on-sold to your occupants, not fed back into the grid. This will further reduce the amount of electricity bought from your retailer, lowering the cost of your embedded network
As the on-sold energy will be at a better rate than paid by the grid, there is scope to generate additional surpluses for the Owners Corporation. Using Solar in an Embedded Network can also avoid extra costs from your distributor and might reduce other costs as well.
Importantly, a Solar Embedded Network from Energy On can be installed with no upfront cost to the Owners Corporation creating additional long term value and return on investment.