A Solution for Tenants Makes Good Business Sense
Paint Right Noosa is a specialist in paint and decorating and operate six days per week. Paint Right Noosa are an example of a commercial tenant that approached their landlord to get permission to install a solar system. The landlord did not pay for the installation, it was Paint Right Noosa, the tenant that financed the solar system.
“Co-owner Mason Powell challenges any business in town to take the time and do the financial calculations and said they would be crazy not to invest in solar. He describes the decision to have solar installed as a ‘no brainer’ and also says if in doubt, seek advice.”
Mason Powell explains to Zero Emissions Noosa how they installed solar on their landlord’s building
Mason says despite the fact that Paint Right Noosa are tenants, investing in solar still stacks up! Their electricity bill savings covers the finance repayments, meaning the solar system paid for itself. For Paint Right Noosa, the solar system will be paid off before the current lease period of three years is complete and they also chose a relocatable solar system. As tenants, it was important for this business to choose a solar system that can be moved to a new location.
KEY DRIVER FOR INSTALLING SOLAR
The business owners of Paint Right Noosa, Mason Powell and Phil Fortington who are very renewables focused, wanted to do their bit for the environment and reduce their electricity spend.
BUSINESS
Paint Right Noosa
BUSINESS TYPE
Retail
LOCATION
3/168 Eumundi Noosa Road, Noosaville
WEBSITE
http://noosaville.paintright.com.au/
DATE INSTALLED
October 2018
SIZE
20 kW
TECHNICAL
Risen 275W solar panels
Fronius Primo 3 phase inverter
ELECTRICITY COST BEFORE SOLAR
$2,190 per quarter
ELECTRICITY COST AFTER SOLAR
87% reduction in electricity costs
INSTALLATION COST
$23,796 financed cost over three years
ESTIMATED PAYBACK PERIOD
2.9 years
EMISSIONS REDUCTION
Greenhouse Gas Emissions Reduction per year: 24 tonnes of CO2-e