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

Update: Single Largest Residential Solar PV System in Singapore

img-20161018-wa0004

Hi all,

Update on the “Single Largest Residential Solar PV System in Singapore” that we have closed earlier this year.

Installation works are underway for this 54.18kWp, 172 pieces of 315Wp solar panels system. Projected to save about $1,180* per month and a total of $333,493* over 20 years,this solar PV system is a prime example of how quick and easy this system can be installed.

The photos shows how solar panels are installed upon a metal roof, with no penetration to your roof.

Clamps are used to clamp onto the seams of the metal roof and the solar panels are then secureded atop of the clamps.

A really quick and straightforward installation.

Stay tuned to this page for more updates on the Single Largest Residential Solar PV System in Singapore!

Find out more on how easy it is for you to go solar

Contact us at: enquiries@solarpvex.com 

Crowd fund for your solar PV system with SunVest

20150320_132652*the above photo is not of actual roof

Dear home and building owners

Did you know that you can now crowdfund for your new Solar PV system? And it applies to both commercial and residential owners.

With our new SunVest (crowdfunding) service, SolarPVExchange will now be able to crowdfund for your Solar PV system with our green investors.

Our SunVest (crowdfunding) service is rather simple.

First, we will send our solar installer to do a site visit and take a look at your roof to determine the size of your system.

Next, once the Solar PV system and costs of the system is finalised with you, we will then start our SunVest (crowdfund) campaign to raise funds for your Solar PV system.*

Lastly, instead of paying one lump sum for your system, you can now pay in smaller installments per month over the agreed tenure (which ranges from 1-3 years).

As you can see from a newspaper article (http://www.straitstimes.com/singapore/environment/bukit-timah-penthouse-gets-power-from-the-sun), Mr Pho is one example of a home owner using our SunVest service to crowd fund for his home’s new Solar PV system.

By crowd funding for his Solar PV system with us, Mr Pho not only gets to enjoy savings on his electrical bill (from the energy generated from solar) but he can also now pay for his system in smaller monthly installments instead of one lump sum.

Let’s look at how a typical home owner can benefit from crowdfunding for his solar PV system.

E.g. Mr A decides to go ahead with a Solar PV system that costs approximately $80,000 (after SolarPVExchange sends our solar installer for a site visit and assessement) and by doing so, it will generate approximately $679.58 worth of savings every month.

Assuming Mr A wishes to pay for his solar PV system in installment over a 3 years period, he will only need to pay $2377.80/month while saving him $679.58/month from his electrical bills.

This means that Mr A will only be in fact, paying a total of $60,599.55 (see table below) over 3 years, instead of $80K in one lump sum. This means Mr A actaully saves another $19,400.45 for his solar PV system by crowdfunding for it. Not a bad deal.

Year 1 2 3
Principal $80,000.00 $53,333.00 $26,667.00
Monthly Repayment $2377.80 $2377.80 $2377.80
Monthly Savings** $679.58 $694.37 $709.48
Nett Monthly Repayment $1698.22 $1683.43 $1668.32
Annual Total Nett Repayment $20378.59 $20,201.14 $20,019.82
Total Nett Repayment $60,599.55

**With added inflation rates

Now here comes the best part!

After 3 years, this Solar PV system will fully belong to Mr A which will continuie to generate free green energy over the expected lifespan*** of his solar PV system, bringing his total savings to $160,594.59

This means that Mr A’s solar PV system will pay for itself twice over!

So if you would like to start going solar with our SunVest (crowd fund) or you just simply want to own and purchase a solar PV system to enjoy monthly savings with clean energy, email us with your name and contact to enquiries@solarpvex.com and we will get back to you asap.

SunVest for a greener future!

*Subject to Approval
**With added inflation rates
***Expected lifespan of solar PV panels is 20-25years pending on the brand of panels

Singapore’s 1st Condo Solar PV Project Completed!

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In June 2016, SolarPVExchange has successfully crowdfunded (via SunVest) the very first crowdfunded Condo solar PV project in Singapore.

By crowdfunding his solar PV project, the condo owner, Mr Pho is able to defer his one time payment over 12 months while obtaining a brand new solar PV system for his condo. What this means is that he will enjoy savings once his system is built and part of his monthly repayment will be offset by his monthly energy bill savings

“$24,000 might be a lot of money, but every month we are saving a few hundred dollars as well just from generating savings from our electrical bill” – Home Owner Mr Pho.

So if you, like Mr Pho, would like to start going solar by either purchasing it or crowdfunding for it , email to us your name and contact to enquiries@solarpvex.com and we will get back to you asap.

Single Largest Residential Solar PV System in Singapore

lorongkismis

Hi all, SolarPVExchange has set another record by closing the Single Biggest Residential Solar PV System in Singapore. At 54.18kWp(system size), it consists of 172 pieces of solar panels that covers 344m2 of the roof space.

This solar PV system could possibly help the home owner reduce his electricity bill by about $13,800 per year and a total of about $415,400 over 20 years, which is the expected lifespan of the solar PV panels.

This Singapore solar powered house will reduce the owner’s carbon footprint by generating 67,000kWh of green energy annually, or 29 tonnes of carbon dioxide, which is equivalent to planting 745 trees!

Interested to find out more about how you can reduce your electrical bill while helping the environment? Email us at enquiries@solarpvex.com

Also, if you’d like to get an instant solar PV estimation on your house or commercial building, try out our SunQuote tool with just a few steps.

*Note: The photo used is not the actual roof as it has not been completed. We will update with photos of this Solar PV system once the installation is completed.