Based in Coburg North, Aurora Foods is a family owned and operated ice cream maker.
In December 2018, they installed an 87kW solar array through the Australian Energy Foundation’s solar for business program.
Why Aurora Foods decided to install solar
Faced with rising electricity costs, Aurora Foods were looking for solutions to reduce their operating costs. Most of their energy usage is during the day so they thought solar might make sense for them.
How Aurora Foods went about it
Aurora Foods approached the Australian Energy Foundation to help them with the solar process. The Australian Energy Foundation provided Aurora Foods with three quotes from three reputable solar suppliers. The quotes included estimations on how much each system would generate and the anticipated savings in carbon emissions and dollars off electricity bills. AEF also provided a summary of the quotes to help Aurora Foods decide which one to go with.
Aurora Foods were also interested in financing so AEF talked them through all the options. They decided to take advantage of an Environment Upgrade Agreement, available to them through their local council, Moreland City Council.
EUAs are a council-based funding mechanism that has been developed to enable building owners and tenants to access low cost finance for environmental upgrades over $15,000. Repayments are calculated to be less than the financial savings so businesses will be cash flow positive from day one.
Aurora Foods installed an 87 kW comprising of 322 panels in December 2018. Thanks to the EUA they were able to install the system at no upfront cost.
Over the life of the system, they will save over $500,000 in energy costs and save 147 tonnes of carbon in the first year alone.