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

SUNVEST: CROWDFUND NOW AND SAVE EVEN MORE!

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Dear Home & Building (Commercial & Industrial) owners,
Here’s your chance to go Solar with ZERO Upfront Costs and save on your Monthly Energy Bill with our SunVest scheme for both
1.Commercial and Industrial Buildings
2.Residential (Landed) Home Owners

Our SunVest Scheme will help you crowdfund for your system so that you don’t have to pay for anything upfront and enjoy monthly energy savings with your new solar PV system!

For SunVest C&I (Commercial & Industrial) Scheme, you can now defer your installation costs over 36 monthly payments.

For SunVest Resi (Residential owners) Scheme, home owners can now defer their installation costs over 12 monthly payments.

Here are a few considerations and tips before you decide to crowdfund for your solar PV system.

1. Roof/Building Condition
Next, your roof has to be of good condition and be able to take the weight of the solar PV panels.
Not to worry, before any installation, an experienced person will check the condition of your roof before commencing any work.

2. Ownership of building
Firstly, you must be the owner or master lessee of the building. If you are the lessee, it would be advisable for you to have at least 20 years remaining in your lease as that’s the general lifespan for your solar panels.

3. Return of Investment (ROI)
Typically, a residential scale solar PV system has a 8-11 years return of investment while a commercial scale solar PV system has a 6-9 years return of investment.

4. Roof Size
This is where the term “Economies of Scale” matters. Ideally, the minimum roof space to build a solar PV system should be more than 32sqm for there to have acceptable savings to cost benefits .

5. Roof Angle
If your roof angle is very steep, it might not be ideal to install solar PV panels on your roof as it could be infeasible and also dangerous.
Best to email us with photos of your roof so that we can help you assess the viability.

6. Monthly energy bill and daytime energy consumption
If your monthly energy bill is low ($150 and below for residential), and if you don’t use a lot of energy during the day, then it would take a longer time for your return of investment on your solar PV system as most of the generated energy will be exported to the grid.

So does your building fit the considerations mentioned?
If yes, contact us sunvest@solarpvex.com to get a quote for your solar PV system and crowdfund for it.

SUNVEST: CROWDFUND NOW AND SAVE EVEN MORE!

Steps to crowdfunding your very own solar PV system.

  1. First email your building address (which you want to install solar) together with your past 3-6 months’ energy bill to sunvest@solarpvex.com
  2. We will then arrange for a site visit at your building so that we can finalise the size of your solar PV system.
  3. After that, we will prepare a SunVest agreement for your perusal, which will state your monthly repayment over the agreed tenure.
  4. Once the SunVest agreement is agreed and signed, we will crowdfund for your solar PV system and once the monies are raised, you will soon get a brand new solar PV system on your building and start enjoying savings on your energy bill.

Alternatively, 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!

For investors who are interested in investing in renewable energy projects, do email to sunvest@solarpvex.com to find out how you can enjoy good returns from clean renewable energy projects.

Go Green, Save on your energy bill and the environment!

SolarPVExchange

SunVest (for Commercial & Industrial (C&I) Building Owners)

CrowdFund & Save Even More Now!

sunvestforinitiator2

Starting this month, we are proud to announce our new SunVest (for C&I Building Owners) which means building owners can now own your solar PV system without any upfront investment and start saving on your energy bill once your Solar PV system is up and running.

How Does This Work?

  1. First email your building address (which you want to install solar) together with your past 3-6 months’ energy bill to sunvest@solarpvex.com
  1. We will then arrange for a site visit at your building so that we can finalize the size of your solar PV system.
  1. After that, we will prepare a SunVest agreement for your perusal, which will state your monthly repayment over the agreed tenure.
  1. Once the SunVest agreement is agreed and signed, we will crowdfund for your solar PV system and once the monies are raised, you will soon get a brand new solar PV system on your building and start enjoying savings on your energy bill.

By SunVesting (crowd funding) for your Solar PV System, you not only save on installation cost, but you also reduce your monthly electric bill and protect your business against rising energy prices and save a lot of money in the long run.

As an added benefit, you also contribute in environmental savings by switching to solar. When you go solar, you’re not only doing your business a favor, but the environment as well since it’s clean energy and it doesn’t produce greenhouse gasses and other harmful emissions.

If you would like to find out more about SunVest and how to crowdfund, email us at sunvest@solarpvex.com and we will get back to you asap.

For investors who are interested in investing in renewable energy projects, do email to sunvest@solarpvex.com to find out how you can enjoy a good returns from clean renewable energy projects.

 

 

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!

0fbd012b-4104-4bdb-8e58-28a425399dd9

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.

SunVest (Crowdfund) Singapore’s 1st Residential Solar PV Project

Screen Shot 2016-09-02 at 17.10.10

In June 2016, we successfully crowdfunded our very first residential SunVest project for Ms Joyce Goh’s very own solar PV system of 4.725kWp. Through SunVest, her house in the upper Bukit Timah area is now powered by solar.

Sunpro Energies, our partner shares our vision to further the number of Singapore solar houses by defraying the initial capital outlay to the home owner, through a joint solar crowdfunding programme.

“We are pleased to use Sunvest to fund our project under the Solar Outlay Support programme. It is beneficial to all parties and the owner is able to get great savings!” – SunPro Energies

We would like to thank our green investors for participating in SunVest, designed to help more people to put solar panels on their rooftop and also lower Singapore’s carbon footprint, in view of a greener nation.

Joyce’s solar PV system has now commissioned and she will be enjoying clean and green energy of her own, as well as the savings it generates.

“I’m driving an electric car, and when I get my building materials, I try to get recycled materials … Solar energy was in line with what I wanted and what I believe in,” -Ms Joyce Goh

Your solar PV system not only offsets your consumption of energy, but the excess can be exported for a rebate to you as the home owner.

Why wait to go green and do your part for our environment, call us now!

 

SINGAPOREANS CROWDFUND A S$300K (COMMERCIAL) SOLAR PV PROJECT IN A WEEK (NEW RECORD)

In July 2016, we successfully crowdfunded S$300k in less than a week for a Singapore commercial solar Photovoltaic (PV) project through SunVest.

We began crowdfunding for the S$300k on 8 July 2016 and gave ourselves a month to meet this target. Much to the surprise of everyone, the target was reached in just 6 days, with many of our dear green investors rushing in on the 6th day (12 July), to secure their investment in this commercial solar PV project.

We at SolarPVExchange extends our deepest gratitude to the 11 Green (environmentally conscious) Investors who heard about the project through the platform and friends and decided to participate in this crowdfunding project, which will help Singapore’s cause in lowering our carbon footprint.

“We are glad that our green solar PV projects are gaining traction, not only with the media, corporates and also the man on the street. Also, we see many more crowdfunders with special interest in funding green projects, and SolarPVExchange is glad to be part of the group to spread the “Green” message to our community, and it helps that the interest rate is pretty attractive too.” Rob Khoo, Managing Director (SolarPVExchange)

By crowdfunding this 173.25 kilowatt-peak solar PV system located at Yeo Hong Construction & Engineering P/L premises at 20 Gul Crescent, Singapore will further reduce its carbon footprint by 81.82 tonnes of CO2 over a period of 25 years.

Not only that, the 11 green investors will also a get a 7% interest on top of their principal at the end of 1 year which will mature in July 2017.

About the project: Yew Hong Construction & Engineering P/L Solar PV projectyewhongsolar

TARGET AMOUNT: S$300K

To raise S$300k for the purchase of products needed for the solar PV project.

ABOUT THE ISSUER: SUNSEAP

Sunseap is the first and largest solar leasing company in Singapore. It has won many significant projects such as Apple, HDB, Jurong Port, Panasonic, Straits Construction, Singapore American School, Ng Teng Fong General Hospital, Mencast Holdings, ABB, United Technologies Companies, Cambridge Industrial Trust, to name a few.

SOLAR ADOPTER: YEO HONG CONSTRUCTION & ENGINEERING

For this solar PV system, Sunseap will be building it on Yeo Hong Construction & Engineering Pte Ltd. Founded in 1973, Yeo Hong started off as Yeo Hong Contractor Company, a sole proprietor company with just a small office space in Tiong Poh Road. Even back then, they are already the in-house contractor for several companies in the marine and process industries. By going solar with Sunseap, this will not only reduce the electricity bill for Yeo Hong Construction & Engineering but also reduce its carbon footprint as well.

About SolarPVExchange

SolarPVExchange provides a unique renewable energy crowdfunding platform by enabling both building owners (who wish to go green with renewable energy system like Solar) and crowdfunders (Green Investors) to connect and crowdfund the renewable projects. SolarPVExchange also provides the necessary information for building owners so that they make an informed decision when it comes to their renewable projects.

In the long run, we hope to positively impact our environment by leveraging on technology, and sustainable renewable energy solutions together with the crowd.

New projects

SolarPVExchange is currently in talks with overseas solar PV projects and a few other local residential and commercial building owners for the next Green crowdfunding campaign, so stay tuned.

Contact

To learn more about Solar PV projects, please contact :

enquiries@solarpvex.com

SolarPVExchange, Marketing

18 Boon Lay Way, Tradehub 21

#06-143, Singapore 609966

 

SunVest #2 Enlighten Furniture Decoration Co. Pte Ltd

SunVest #2: Crowd Fund a Solar PV Project in Singapore and get 7% returns

 

Following the success of our first SunVest (crowd funded) project, some of you may have heard about our second SunVest (crowd funding) project and to date, we have raised about more than 40% of the amount needed, which is S$270k.

 

For those who are interested to know more about this project, you can log onto to this link http://www.solarpvexchange.com/index.php/projects

 

Summary of the project:

  1. Issuer: Sunseap Leasing (Solar Developer for this project: For more info on Sunseap, https://sunseap.com/ )
  2. Project: A 142.59 kiloWatt-peak (kWp) system at Enlighten Furniture Decoration Co. Pte Ltd

Enlighten Sunvest

(Enlighten Furniture Decoration Pte Ltd)

  1. Target amount: S$270K
  2. Tenure: 1 year
  3. Interest: 7%
  4. Payment type: Bullet payment (principle and interest to be repayed upon maturity)
  5. Minimum investment amount: S$3,000
  6. Closing date: 23rd May 2016 2359hr

Help Sunseap and Enlighten crowd fund and build the solar PV system to reduce their carbon footprint while getting a 7% return after a year.

If you have any enquiries or would like to know more do not hesitate to drop us an email sunvest@solarpvex.com

 

 

First Successful SunVest (Crowd Funding) Solar PV System (April 2016)

In April 2016, we at SolarPVExchange, together with our crowd funding partner CoAssets (Southeast Asia’s first public listed crowdfunding site with offices in Singapore, Australia, Malaysia, China and Indonesia) successfully crowd-funded (which we like to call SunVest’ed) for the first ever Solar PV project in Singapore.

 

In fact, in less than a month, we managed to crowd fund more than the target amount of S$300k needed for the Solar PV system under Sunseap Leasing Pte Ltd.

This marked the first successful crowd funding campaign for a solar PV project in Asia (and possibly in the world).

 

About the project:

 

The system has a 202.125 KiloWatt-peak capacity and is built on an existing roof.

 

It all started on March 4thwhen we launched the crowd funding campaign online and the target was to raise S$300k in a month.

 

The premise was simple: invest in the project for one year and receive 7% interest on the amount invested, where the principle and interest are repaid to the individual’s bank account upon maturity.

 

In less than 3 weeks, we managed to raise 47% of the amount needed and that was primarily because investors were all trying to understand how it works and that took a bit of explanation (and some TLC from our SunVest consultants) to the potential investors. We’d like to take this opportunity to thank those of you for your time to make the journey to see us at our office and to talk to us.

 

So there was still a balance of 53% (or more than S$150k) to raise in the final week of this SunVest round and we were getting kind of nervous, to be honest.

 

Well, I guess, like the saying goes, if you have a good product, the customer will come, and true enough, by April 1st (2 days before the closing date), we managed to fully SunVest  (crowd fund) the project and hit our S$300k target with investors coming fast and furious.

 

In fact, in the final 2 days, we had many investors who came with investment and also enquiries and resulted in the project being Over Funded. Some made it in time while some didn’t, though we assured them that we will inform them as soon as possible once the next SunVest project is up.

 

Anyway, we achieved our target and successfully SunVest’ed (crowd funded) the first Solar PV project in Asia and this was all due to the help of our investors and partners. Many thanks.

 

We also took some time to speak to one of our investor, Mr Yeo on what he thinks about our SunVest, crowd funding for solar PV project.

 

SPVX:               Why did you decide to invest with us?

 

Mr Yeo:           A friend recommended this SunVest project to me. The investment had a pretty good return rate of 7% and the risk in the investment was rather low.

Also, this was a perfect opportunity to invest in a project, which allows me to achieve relatively good returns while helping to save the earth.

 

SPVX:               Do you feel the investment is safe/secure?

 

Mr Yeo:           Yes, I did research on the company and found it as a well-established solar firm with many big investors behind it, thus the risk of defaulting was low.

 

SPVX:               Besides this, we are sure you have other investments, could you share with us?

 

Mr Yeo:           Yes, I also have an investment plan and dabble in some other stocks/shares.

 

SPVX:               Thanks Mr Yeo.

 

About the Solar PV project:

 

Now, for those of you who have invested in the project, we have photos of the solar PV system that was installed on the premises for your viewing pleasure:

 

Picture1

Picture2

Well, there you have it, Singapore’s first crowd funded Solar PV project.

 

There will be lots to come and if you’d like to be part of the green revolution and be informed of future SunVest projects, do register here as an investor: http://solarpvexchange.com/index.php/investor/registration

 

 

Next, our latest SunVest Project:                     

 

Good news! Following up on the success of our 1st SunVest Project, we have another SunVest project for crowd funding and is done in collaboration with CoAssets.

 

About the Project:

 

Sunseap recently signed a deal with Enlighten Furniture Decoration Co. Pte Ltd to supply its 3 Loyang Way 6 facility with clean energy over a period of 20 years. Sunseap will install a 142.59 kiloWatt-peak (kWp) system at the facility, and enable Enlighten Furniture Decoration Co. Pte Ltd to save over 82 tonnes of CO2 annually.

 

The amount to be raised is S$270,000 and it is a 1-year tenure with an annual interest of 7%, with a balloon payment structure where the principle is repaid together with the interest upon the maturity date. Minimum investment amount starts at a minimum of S$3,000 per investor.

 

SunVest for this solar PV project will start officially online on  4th May 2016 & End Date is on 24th May 2016 (2359H)

 

Invest now?

 

For all of you (SolarPVExchange’s investors and subscribers), you can pre-register your interest and pre-book your investment by emailing your name, contact and investment amount to sunvest@solarpvex.com

 

Help the world go green by SunVesting in Green Sustainable Projects.

SunVest: SIA Sports Club (Extended)

Dear friends, investors and partners, as some of you might know, last week, our SunVest (crowd funding) project – SIA club was fully funded with a target amount of S$300k. In fact the project was overfunded and it was all thanks to you, especially those who invested or helped spread the word.

 

DJI00272

For those of you who are not sure what this SunVest project is. Here’s a quick summary, the target amount to crowd fund was S$300k, and it is a 1 year (12 months) tenure with an interest of 7%. The repayment will be a balloon repayment structure, whereby both principle and interest will be fully paid upon maturity date. Minimum investment amount for this project is $3,000 SGD. For more information you can head down here.

 

We are currently discussing on another SunVest (crowd funding project and if you wish to be notified on any future projects, do kindly register on our website as an investor here or follow us on our facebook

 

For any enquiries, feel free to drop us an email here and we will get back to you ASAP!