We selected Planet Ark Power based upon the quality of knowledge and advice provided by them, past experience, and their unreserved commitment to customer service.
Sharon Verrinder, Finance Director, Matthew Flinders Anglican College
1300 187 343
Planet Ark Power and equigroup have collaborated to create a unique finance package for schools* to be able to derive the saving offered by installing solar, battery, storage and power quality systems.
*This is an exclusive Private or Independent School initiative. If you are a Government school please contact Planet Ark Power 1300 187 343 to discuss a solution for your site today.
A 10 year term, enabling significant cash flow benefits from day 1.
At the end of the Term the customer can choose to make a nominal payment and take ownership of the system or return it.
The customer has complete flexibility to terminate the agreement early and to take ownership of the system by making a pre-agreed payment.
Each system is covered by an operation and maintenance service agreement for the life of the lease. The cost of this is included in the lease payment.
The performance of the solar system is guaranteed to at least 90% of estimated performance. Monetary compensation is made where the minimum is not achieved.
Should the customer wish to upgrade the equipment midterm this can be accommodated under the facility by either: 1) Increasing the rentals for the remaining Term; 2) Keeping the Rental level the same and, increasing the lease Term; or a combination of both.
A simple Master Rental Agreement (MRA) to be sign once per school and a schedule per system.
The billing, collection and administration are performed by equigroup.
Free access to “TheAssetAdvantage”, equigroup online asset management tool which provides complete transparency as to costs, detailed reporting, automatic notice and end of term online. Customers also have access to their own tailored online portal provided by Planet Ark Power to check system performance on a real time basis.
This program is under an operational lease facility. For taxable entities, the rental payment under the operating lease should be fully tax deductible. This would need to be confirmed by the customer’s professional advisers.
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