Planet Ark Power - Equigroup

Utilising DET Preferred Leasing Supplier to Victorian Schools

Victorian Government Schools Solar Initiative

A solar energy system installed at your school not only saves money, it empowers students to make a difference to the school’s environment and increases their understanding of their impact on the planet.

We want to make clean energy affordable for your school and form a greener community together.

STEP 1 - Discover valuable insights into your school’s energy consumption

Planet Ark Power offers a free Commercial Energy Analysis Report for your school, usually valued at $7,000.

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Our Recent Installations

Narre Warren South P-12 College
Narre Warren South P-12 College

System Size
66.30kW, 204 panels

Environmental Benefits over 25 years
1,479 tonnes of CO2 emissions reduced
This is the equivalent of planting 211 trees

Cranbourne Park Primary School
Cranbourne Park Primary School

System Size
98.01kW, 297 panels

Environmental Benefits over 25 years
2,232 tonnes of CO2 emissions reduced
This is the equivalent of planting 319 trees

What is the Commercial Energy Analysis Report

A report that puts your site energy analysis into a simplistic and easy to understand format

  • Full site specific energy analysis
  • Cash flow positive financial modelling to maximise bottom line savings
  • Match the right energy solution for your school
  • In the analysis we also pick up – Incorrect tariffs where you may be overspending and inefficient energy usage

Our Case Study

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

Other Schools Reducing CO2 Emissions with Planet Ark Power

  • Siena Catholic College > case study
  • Matthew Flinders Anglican College > case study
  • Immanuel Lutheran College
  • Ipswich Girls’ Grammar School
Equigroup & Planet Ark Power

EquiSol Finance powered by equigroup

Planet Ark Power and equigroup have collaborated to create a unique finance package so Victorian Government schools can obtain the savings offered by installing solar, battery, storage and power quality systems.

This is an exclusive Victorian Government School initiative. If you are an independent school contact Planet Ark Power on 1300 187 343 to discuss a solution for your site.

Enhanced Cash Flow

A 10 year term, enabling significant cash flow benefits from day 1.

Ownership at End

At the end of the Term the customer can choose to make a nominal payment and take ownership of the system or return it.

Early Termination

The customer has complete flexibility to terminate the agreement early and to take ownership of the system by making a pre-agreed payment.

O&M Service

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.

Performance Guarantee

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.

Flexibility – Upgrade and/or Refresh(futureproof)

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.

Simplified Documentation

Simple rental schedule per system to be signed by the school. The DET Master Rental Agreement (MRA) has already been signed and executed by the VIC Government.

Administration

The billing, collection and administration are performed by equigroup as the DET preferred leasing supplier.

Asset Management

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.

Operating Lease

As required by the Victorian Government this program is under an operational lease facility.