Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Wide Range Of Returns From Business Investment In Solar – New EECA Analysis

A new report commissioned by EECA (Energy Efficiency and Conservation Authority) shows a wide range of rates of return for large businesses considering investing in commercial-scale solar. EECA says 11 different types of businesses in eight regions throughout the country were analysed using a model to predict solar generation and financial performance.

Strategy and Insights Manager Dr Marcos Pelenur says businesses included food and beverage production, manufacturing, education, waste-water treatment and supply, a dairy farm, three types of retail outlets, a greenhouse, a cool store, a corporate office, and two types of warehousing.

“The analysis shows a wide range of potential internal rates of return, ranging from 0.4% to 8.6%.

On the basis of these findings there can be good investment benefits, but they are clearly variable so EECA recommends businesses carry out an in-depth analysis before investing in commercial-scale solar, to determine the potential financial performance for their company.”

Dr Pelenur says businesses can use the framework used in the analysis, which includes:

  • whether the business has a very large, unshaded roof space
  • how much electricity the business uses and when it is used
  • how much the business pays for electricity
  • lines company charges – these vary across the country
  • how much will the system cost to install and maintain.

EECA commissioned the analysis because there has been limited publicly available information on the cost-effectiveness of commercial-scale solar for businesses.

The analysis is available free of charge on the EECA website

Example business 
Food and beverage production siteAuckland
Amount of generated solar that would be used100%
Internal Rate of Return on Investment7.2%
Wholesale food marketChristchurch
Amount of generated solar that would be used96%
Internal Rate of Return on Investment6.8%
Corporate officeAuckland
Amount of generated solar that would be used99%
Internal Rate of Return on Investment7.6%

Note to Editors

EECA is the government agency that works to improve the energy efficiency of New Zealand's homes and businesses and encourages the uptake of renewable energy.

Our purpose is to mobilise New Zealanders to be world leaders in clean and clever energy use.

© Scoop Media

Business Headlines | Sci-Tech Headlines


Statistics: Consents Remain At Record Levels
There were 47,715 new homes consented in the year ended October 2021, up 26 percent compared with the year ended October 2020, Stats NZ said today. "The year ended October 2021 marks another record for the annual number of new homes consented,” construction statistics manager Michael Heslop said... More>>

Foodstuffs: New World & Four Square Trial NZ’s First Grocery Delivery Offer With Uber Eats

New World & Four Square have partnered with Uber Eats to unlock the first grocery offering available on the platform in Aotearoa. For New World and Four Square it’s yet another way to put New Zealanders first, particularly with those inevitable last-minute grocery needs... More>>

Digitl: Download 2.0 – Vodafone Wi-Fi Calling hits early milestone
Vodafone says it has 10,000 customers using its Wi-Fi Calling service. It took less than three months to reach that milestone; the service began operating in September... More>>

ABC Business Sales: Demand High For Covid-proof Businesses
Despite the continuing challenges facing businesses in this Covid environment, right now there are more buyers looking for a small-medium sized business than there are sellers in the market... More>>

PriceSpy: Producer Prices Increase
New Black Friday and Covid-19 Report* released by PriceSpy says people’s fear of stepping inside physical shops during big sales events like Black Friday has risen since last year; Kiwis are still planning to shop, but more than ever will do it online this year... More>>

NZ Skeptics Society: Announce Their 2021 Awards, And Dr Simon Thornley Wins The Bent Spoon

Every year the New Zealand Skeptics presents its awards to people and organisations who have impressed us or dismayed us, and this year it’s been hard to pick our winners because there have been so many choices!.. More>>

REINZ: Sales Volumes Leveling Out

Data released today by the Real Estate Institute of New Zealand (REINZ) shows there were 44 fewer lifestyle property sales (-2.6%) for the three months ended October 2021 than for the three months ended September 2021... More>>