2022
Today marks the 15th year of incorporation of SolarGy Pte Ltd. It has been a long and patient journey as we solarise the nation’s rooftops, 'one panel at a time’, cumulating to almost 200,000 panels to date. We started the business when total system cost was $10/Wp and module efficiency of mainstream crystalline panels was only a modest 12 to 13%, while Sanyo HIT was at 16% - the world’s highest at that time.
Long payback periods of 15 to 20 years were the norm. Fast forward to today, with solar module prices reducing by 10-fold, along with the sharp increase in grid electricity prices, the payback period for solar power systems has dropped attractively to just 3 to 4 years.
Of late, the push factor for some solar adopters seems to be the motivation to cut electricity costs rather than sustainability. This is understandable as industries that used to be buying electricity from Retailers at sub-20 c/kWh are now bearing 3 to 4 times more in their monthly electricity cost when their Retailers exit the business or when their contract is due for renewal. Decarbonization and the race towards net zero is an even bigger push factor for big corporates to switch to renewables.
As the solar industry ramp up steeply to serve enthusiastic customers in their attempt to hedge on high grid electricity cost and reduce carbon emissions, it is important to ensure that the PV systems are installed by experienced and professional system integrators (or EPC) so that they can survive through the 3 year payback period and continue for the entirety of their 25 years lifespan, reaping unprecedented returns on investments.
We at SolarGy are well placed to serve the growing solar EPC business as we continue to leverage our wealth of experience, established quality controls and project management processes. We passionately believe that every PV system deserves attention to detail from inception to completion and on that note, we have taken months to put together a corporate video to show our past, present and future customers, the legacy that SolarGy has built.
As an extension of it’s well known professional service and solution provider of rooftop solar PV systems, SolarGy is now making it’s foray into EV charging to complement its offering to residential and C&I customers. For a start, SolarGy will selectively offer only Tesla EV chargers inline with its philosophy of insisting on top quality brands.
Just like solar PV, it’s always important to insist on the best of quality, workmanship and reliability in the installation apart from buying a good quality EV charger. SolarGy’s well known reputation for professional service is manifested by its impressive track record of more than 150 rooftop solar installations with a total capacity of close to 60 MWp.
We will accord the same level of service, professionalism and attention to details in our EV charger installation to ensure that the charger installation is safe and reliable.
Leveraging on its 15 years of local experience, SolarGy look forward to support many more satisfied customers in the next few decades towards carbon neutrality in Singapore.