Retirement home PV system 'to boast 20% IRR'

By John Conroy

Swiss-owned SolarMax said the system – which will generate over 130. 5 MWh of solar power annually, and which is expected to save the residential facility up to $33,953 a year in energy bills – would deliver an IRR of 20 per cent per annum. “Organisations like Olivet Aged Persons Home are consistently under pressure to reduce their operating costs.

The system for non-for-profit Olivet Aged Persons Home, in Ringwood, will feature 400 Yingli panels (250kW) and eight SolarMax grid-connected inverters – seven 15kW 15MT2 units and one 10kW 10MT2 inverter – to be installed by energywired.

Read more here: Business Spectator


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