KEY PROJECT INFORMATION

CASE STUDY

Shine Apartments

Campsie, NSW 2204

Investment

INVESTMENT

$38,294.00

Payback period

PAYBACK 

37 Months

M / SAVINGS

$910.00

System size

SYSTEM SIZE

39.6kW

Generation

GENERATION

54.65MWh

YEARLY COST BEFORE SOLAR

$31,490.00

YEARLY COST AFTER SOLAR

$20,570.00

Shine Apartments

Shine Apartments, a multi-level residential complex comprising 87 apartments, was facing high electricity bills. In order to reduce their energy costs and promote sustainability, the management of Shine Apartments decided to install a solar energy system. Cynergy, a reputable solar energy company, was contracted to install the solar panels. This case study highlights the impact of solar installation on Shine Apartments’ energy consumption and financial savings.

Cynergy installed a 39.6 kW solar system manufactured by JA Solar on the roof of Shine Apartments. The installation was completed efficiently and effectively, ensuring maximum energy generation from the available roof space. The solar panels were strategically placed to harness sunlight throughout the day.

Upon completion of the installation, Shine Apartments witnessed a significant reduction in their electricity bills. Prior to the solar installation, their yearly electricity bill amounted to $31,000. However, after the installation, their annual electricity bill reduced to $20,000. This represents a cost-saving of $11,000 per year.

Financial Analysis

Investment: The solar installation at Shine Apartments required an investment of $38,000. This investment covered the cost of the solar panels, installation labor, and associated equipment.

Savings: The average monthly savings achieved by Shine Apartments after installing the solar system amounted to $900.00. This translates to an annual saving of $10,800.

Payback Period: The payback period for the solar installation at Shine Apartments can be calculated by dividing the initial investment by the annual savings. In this case, the payback period would be approximately 3.52 years.

Environmental Impact

In addition to the financial benefits, the solar installation at Shine Apartments also had a positive impact on the environment. By generating clean, renewable energy, Shine Apartments reduced their dependence on non-renewable energy sources. This resulted in a decrease in greenhouse gas emissions, contributing to a more sustainable future.

Upgrade your commercial refrigerated display cabinet
to save between $800 - $900 per year in energy savings as part of the NSW energy saving scheme.

Contact us today to learn more about how commercial solar can work for your business

Recent Projects

The Bean Cartel | Commercial Solar Installation

The Bean Cartel, a renowned coffee roasting company based in Notting Hill, Victoria, made a strategic investment in solar energy to enhance sustainability efforts and reduce operational costs. With the assistance of Cyanergy, The Bean Cartel successfully installed a solar array comprising 41 JASolar panels on the roof of their warehouse.

Read More »
Aged Care Facility

Multi-Site Age Care Facility Project

KEY PROJECT INFORMATION CASE STUDY Age-Care Facility Project Mitcham, VIC Download Case Study INVESTMENT $60,000.00 PAYBACK PERIOD 52.8 months MONTHLY SAVINGS $1,193.25 SYSTEM SIZE: 60 kW GENERATION 80.652 MWh Age

Read More »

Fuel Stations

Fuel Stations Bright and clear canopy lighting increases a sense of safety and the comfort that can make the difference between “let’s drive on to the next one” to “let’s

Read More »

Manufacturing

Manufacturing To remain strong in industry, we scrutinize costs across every process. Lighting can account for up to 80% of a manufacturing warehouse energy bill so it must be as

Read More »

Retail

Retail Initially, the retail store was not properly lighted. They were facing problems with safety and productivity. Plus the high power bill and high maintenance cost. These challenges made them

Read More »
Scroll to Top