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the amazing mill market
RETAIL STORE
105kW Solar System
The Amazing Mill Markets expects an investment in solar panels to protect the business from spikes in power bills in years to come.
Australian Energy Upgrades has just installed a 105kW solar panel system at the Newcomb business that houses dozens of store holders.
The system is expected to offset 95 per cent of energy use on the site and cut its carbon dioxide emissions by 214,721kg, the equivalent to 301 trees being planted.
Amazing Mill Markets owner Mark Ward said the system provided some certainty for his business amid concerns future power costs are set to surge over the next 1 years.
“What that give us is the comfort of knowing we won’t be hit with extraordinary bills,” Mr Ward said. “It eliminates that treat.”
In keeping with his experience at Daylesford Mill Markets, Mr Ward said he expected to recoup an investment of $125,000 after government subsidies at Newcomb in about three years.
He said at Daylesford, winter power bills had gone from about $5500 a month to about $1400 a month, while in summer the bills were down to zero.
Australian Energy Upgrades director Tom Vandermark said Amazing Mill Markets was an example of a business looking past the immediate COVID-19 crisis.
With the threshold for the instant asset write-off increased to $150,000 for eligible businesses for the rest of the year, Mr Vandermark said there was extra incentive for businesses to look at installation solar energy systems.
“A 100kW system is well under $150,000… A business can claim that back,” Mr Vandermark said.
“There’s such a great opportunity in the market right now for solar, to see big energy savings and reduce operational costs, and the environmental factor as well.”
He said the system installed at The Amazing Mill Markets would save the business more than $1.1m over the next 25 years.
Meanwhile, The Amazing Mill Markets is starting to see a significant rebound from its closure during Stage 3 lockdown restrictions earlier this year. Mr Ward said he suspected a surge in domestic tourism and visitors exploring their own backyard had helped his store holders, “Our stores are trading better than ever,” he said.
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OUR INSIGHTS & CREATIVE IDEAS
How Environmental Upgrade Finance Works
The Australian Government announced to grant Instant Asset Write-Off as part of the Economic Stimulus Package which allows businesses to claim accelerated depreciation assets expanded from the previous $30,000 to now $150,000 and is extended from July to December this year.
Why Australian Energy Upgrades?
Australian Energy Upgrades is an energy efficiency company that specialises in helping customers reduce electricity costs by manufacturing, designing, and installing renewable energy systems for the Australian market, applying government incentives available.
How Does Solar
Work?
Solar Panels work through receiving the sun's energy and transform it into electricity consumed for household and commercial purposes. These consist of photovoltaic cells (PV), wirings to allow energy flow and a glass packaging. Photovoltaic cells are made of silicon, constructed with a negative and a positive layer which together creates an electric field.
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Australian Energy Upgrades Credentials
Australian Energy Upgrades have signed on to the Clean Energy Council Solar Retailer Code of Conduct – the only solar industry code of conduct authorised by the Australian Competition and Consumer Commission (ACCC).
Australian Energy Upgrades are registered solar installers with Solar Victoria. This allows us to provide eligible households with subsidised solar installations under the Solar Victoria Rebate scheme.
Australian Energy Upgrades is a member of the National Electrical and Communication Association (NECA), recognised nationally as the peak industry body of our field. Our membership ensures our employees have the highest level of training and resources available to fulfil our work to the highest possible standard.
Australian Energy Upgrades holds a Registered Electrical Contracters license (REC:23631). You can be confident your installation is conducted to the highest level of safety and compliance in accordance with all Australian standards and regulations. We don’t just hire qualified people, we are qualified.
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