LPE will install a solar power system of between 5kWp up to 15kWp to your community at no cost to the Body Corporate, enabling access to cheaper electricity otherwise not obtainable through an electricity supplier. The solar electricity generated will then directly supply the common area at the low rate of 12c/kWh and any occupant who elects to utilise it will also receive the same low rate.
The supply term is for a portion of the equipment's life cycle being 10-years. At the end of the period the Body Corporate may purchase the system for $1.00 or elect to have it removed at no cost. When battery technology becomes financially viable, the community could also elect to take advantage of this and become more self-sufficient with the introduction of Battery Storage.
The process to begin saving money and securing your community's future is simple:
The solar system installed will be based on the amount of electricity the common area consumes daily which we model against market data on typical consumption time; and
We aim to install 1kWp per residential lot that elects to receive the solar electricity.
The system size will be no less than 5kWp and no greater than 15kWp per common are meter.
All access electricity generated and exported to the market will be owned by LPE. When the cost of battery technology becomes commercial, the body corporate could take advantage of battery storage for the exported electricity and become even more self-sufficient.