How we helped
Choice Energy connected with the business operators to see if we could help them save on costs through our range of energy management services.
Following a review of the business' energy consumption Choice Energy established Total Tools Braeside was using 90% of its electricity during sunlight hours, when the cost of power is the most expensive. As the business had grown, so too has their energy consumption - and costs.
It was determined installing solar on the roof and letting the business create energy from the sun would help the business reduce their energy costs, with an anticipated annual saving of $20,000 across the lifetime of the system, and help to offset as much as 80% of the site's power usage in the warmer months.
The directors at Total Tools Braeside agreed there was a strong business case to make the switch.
Being installed before June 30 2021 meant Total Tools Braeside was able to claim the Instant Tax Write Off which further boosted the business case for solar.
Reducing reliance from the turbulent wholesale energy market was quickly proven as during the 6-week solar connection phase, power prices increased rapidly by 9%.
As the cost of power is expected to grow in Victoria, so will the return on investment.
