Rising electricity prices are a challenge to businesses. Make the shift to solar energy so you can rely on a low-cost, environmentally-friendly source of power.
Build solar energy capabilities at zero capital costs.
Build solar energy capabilities at zero capital costs.
Enjoy greater savings on your electricity bills.
Enjoy greater savings on your electricity bills.
Solar providers will fully handle the installation and maintenance of your solar panels.
Solar providers will fully handle the installation and maintenance of your solar panels.
Step 1
We will link you up with our solar providers, who will then assess how feasible it is to install a solar panel system on your business’ roof space.
You can choose to get an assessment from one or more of our solar providers.
Step 2
Each solar provider will send you a proposal. Review and select the one that works best for you.
Step 3
Step 1
We will link you up with our solar providers, who will then assess how feasible it is to install a solar panel system on your business’ roof space.
You can choose to get an assessment from one or more of our solar providers.
Step 2
Each solar provider will send you a proposal. Review and select the one that works best for you.
We will propose a solar financing option at the same time. Accept both a solar provider’s proposal and our financing option to proceed.
Step 3
Discuss with your solar providers to schedule the installation of your solar energy system. Enjoy the flexibility and freedom to use or sell the electricity generated.
“With the rising electricity costs, we have managed to secure fixed-cost solar rates for the next 25 years. This allows us to save about $30,000 a year and do good for the environment at the same time.”
Mr Lien Whai Cheng
Managing Director, Coway Engineering & Marketing
Business registration
The company must be incorporated in Singapore for at least 2 years
Business ownership
At least 30% of the company must be owned by Singapore citizens or Permanent Residents
The key difference is the ownership is the solar energy system.
Leasing: Little or no upfront and maintenance costs, certainty of electricity costs. You will be entering into a power purchase agreement (PPA) with a solar partner.
Owning: Solar energy system belongs to building owner, with the flexibility and freedom to use or sell the electricity generated.
A PPA is a contract between an installer (i.e. the solar partner) and the end user (you). With a PPA, the installer bears the installation costs while the end user purchases electricity at an agreed-upon rate, thus saving on electricity.
If you own the solar system, you will be generating renewable energy. Whilst you may not be able to sell the electricity directly, you can sell the environmental attributes or Renewable Energy Certificates (RECs). RECs are certificates that represent the generation of in units of one megawatt hour (MWh) of renewable energy. This certificate can be monetised and sold. Who owns the certificate owns the associated decarbonisation. As such building owners with solar on their roof can further monetise their renewable energy through the generation and sale of their environmental attributes. For companies entering into PPA’s, it is important that if you need the decarbonisation from the renewable energy, that you include this in the contract and this will be priced into the energy tariff.
OCBC has partnered GoNetZero, a wholly owned company of Sembcorp who have a digital platform that facilitates the solar developers, building owners and corporates in managing the generation, aggregation, sale, purchase and retirement of REC’s. However, there are other companies who offer REC services.
