Haven’t government subsidies made investment in renewables uneconomic?
It is true the Feed in Tariff (FiT) and Renewable Heat Incentive (RHI) has been reduced substantially since it was first launched, the FiT from April 2010.
It hasn’t helped that Government cut subsidies quite deeply in 2012 and again in 2015 as it sends out the wrong message to funders and those thinking of installing a technology.
The reality is subsidies should not be permanent, they were probably set too high in the first place so an investment in renewables, particularly solar was based on maximising the subsidy revenue without enough emphasis on whether the technology delivered generation to meet the demand profile on the site.
It’s right that subsidies are disappearing, take them whilst they still exist, but smart investment in renewables is to size the system and right mix of technologies to meet demand when it’s required. This could even include using a battery to store generated energy when demand is low and discharge when it is needed.
I get faster paybacks from investing in other energy saving products
OnGen absolutely supports investment in energy efficiency measures. Potentially investment in energy efficiency such as LED light bulbs will provide a quicker payment than some renewable technology, however, payback ignores the savings and cash flows after the payback period has been reached.
The OnGen Expert is perfect for determining if a renewable project delivers a better return over the whole life of the project.
We don’t have the budget
OnGen can arrange finance for viable projects thus avoiding the capital outlay. Some financiers will install and maintain a system selling you the energy at a lower rate than you can buy from the grid. Cheaper electricity and no capital risk.
When will battery storage be incorporated?
We are launching battery storage on the platform in October 2017 at UK Construction Week. Take a 15 month licence for the price of 12 now to get the benefit of the software now ahead of battery deployment.
Our clients are not asking us about renewables at the moment
There is a perception that renewables don’t work at the moment. This is a brilliant opportunity to demonstrate quickly and cost effectively whether they do and create real value for your client.
It all sounds really complicated?/ We looked into this before and it seems like too much trouble?
The software has been designed specifically for non-energy experts. If you still feel it’s too complicated or you simply don’t have the time and resource to perform the assessments we provide a managed service using your instance of the software and generating the assessments for you.
The software doesn’t recommend any installer or funder but it can sign post in the right direction if you need help with this.
How can we rely on the commercial assessment?
The financial forecasts have been reviewed and checked by a firm of Chartered Accountants specialising in the renewable energy sector. The assessments are of course only as robust as the assumptions used in the calculations.