Adopting solar is both Environmental and Economical

As more Singaporeans adopted the mindset of sustainability and being more aware of the advantages of adopting solar which is not just limited to both envrionmental and economical.

Singapore’s solar adoption growth rate has been nothing short of impressive, with both residential and non-residential building owners both adopting solar. We will be sharing it with you later below. The numbers are even more impressive considering our city landscape and SolarPVExchange would like to thank all of you who have played a part in making our garden city, greener.

We at SolarPVExchange deeply believe on the application of solar, especially when it comes to our sunny island. We have two products, SunQuote (to help more people find out what’s their roof solar potential) and SunVest (to let more people do their part for the environment) to help more fellow Singaporeans go solar.

We would like to share two examples of our past projects below for you to understand why you should join the solar revolution.

Project 1 – Commercial mencast

System 1.3MWp Grid Connected Solar PV System
Location Penjuru
Annual Energy Output 1,660,750kWh
Annual Savings $249,112
Breakeven 7.75 years
20 years Savings $6,159,999
CO2 Savings (20 years) 13,315 tonnes
Trees Savings (20 years) 341,414 trees

Note: All figures stated are estimated based on certain assumptions

So, what would this project look like if the building owner chose to crowdfund through SunVest for his project over 3 years instead?

Repayment per month $69,333.33
Savings per month $20,759.38
Nett System Cost 82%
Breakeven 6.08 years

Note: All figures stated are estimated based on certain assumptions

Project 2 – Residential

clunyhill

System 54.18kWp Grid Connected Solar PV System
Location Cluny Hill
Annual Energy Output 69,214.95kWh
Annual Savings $14,169
Breakeven 9.13 years
20 years Savings $350,350
CO2 Savings (20 years) 555 tonnes
Trees Savings (20 years) 14,229 trees

Note: All figures stated are estimated based on certain assumptions

Likewise, what would this project look like if we were to crowdfund through SunVest for his project over a year instead?

Repayment per month $12,672.70
Savings per month $1180.69
Nett System Cost 98%
Breakeven 8.75 years

Note: All figures stated are estimated based on certain assumptions

Basically, going solar by crowdfunding through SunVest is also equivalent to getting a discount off your solar PV system via your savings. With SunVest, Eco-friendly and Economically meets!

We would also like to share with you an EMA (Energy Market Authority) table on Singapore’s Installed Capacity of Grid-Conencted Solar Photovoltaic (PV) Systems between 2008 and Q3 2016.

31rsu

Source: Energy Market Authority, 15 Nov 2016
https://www.ema.gov.sg/cmsmedia/Publications_and_Statistics/Statistics/31RSU.pdf

At the end of 2008, the total installed capacity of grid-connected solar photovoltaic systems in Singapore is only about 0.4MWp (MegaWatt peak) or 400kWp (kiloWatt peak). This has grown to 1.9MWp the following year of 2009, a 375% growth. The past 3 years has been amazing with the lowest growth at 80%. We can only hope to keep this trend going and to also help Singapore achieve the aim of meeting the Paris Agreement by 2030.

The first three quarters of 2016 itself have seen a total 54.3MWp of grid-connected solar PV systems, about 48% of our entire total grid-connected installed capacity thus far.

For all of you who has not gone solar, what are you waiting for?
Crowdfund now and save even more!

Contact us at sunvest@solarpvex.com to find out more on how you can crowdfund your very own solar PV system to start saving immediately!

Find out what is the solar potential of your roof and get an instant estimate of your solar PV system at:
http://www.solarpvexchange.com/index.php/initiator/sun_quote

or email us at enquiries@solarpvex.com

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