Solar power for health supplement manufacturer
Tuesday, 13 May, 2014
When health supplement marketer Homart Pharmaceuticals relocated its manufacturing facility, its electricity bills tripled as a result of operating in larger premises. Bollson Energy was appointed to design and install a high-quality and financially viable solar PV system to reduce Homart’s reliance on electricity from the grid.
“We have seen a significant interest from businesses taking to solar having experienced bill shock from rising electricity prices,” said Bollson Energy Chief Operating Officer Wayne Xiong. “Homart Pharmaceuticals is a great example of a business who were looking to reduce their operating costs and they were confident about the benefits of solar both for their bottom line and to reduce their carbon footprint.”
SolarMax, through Bollson Energy, delivered seven 15 kW 15MT2 inverters to Homart Pharmaceuticals for a 100 kW rooftop solar PV system in Rydalmere, NSW. The MT series inverters are easy to install, designed to last and have a maximum efficiency of up to 98%. SolarMax products are accredited by the Clean Energy Council.
Homart was also equipped with SolarMax’s remote monitoring platform MaxWeb. This allows users to access the SolarMax web portal, which provides a real-time display of performance data such as input and output voltages, input and output currents, frequency, device temperature and yield.
The solar PV system will generate an average of 140 MWh of solar power annually, saving Homart Pharmaceuticals up to $23,000 a year and reducing its reliance on electricity from the grid. The system is expected to reduce the company’s carbon emissions by 144.2 tonnes every year and deliver an internal rate of return (IRR) of 26% per annum.
“Our solar PV system has only been up and running for two months but we’ve already seen our electricity bills reduced by up to 25% a month,” said Homart Pharmaceuticals Managing Director Jeffrey Yeh. “This has really helped our business stay competitive. As a manufacturer and exporter, solar power has increased our global competitiveness and, at the same time, reduced our impact on the environment.”
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