06 May Client story: Payment Plan enables manufacturer to go solar without tying up cash
De Palma Salumi is a smallgoods meat processor based in NSW, supplying to Australia’s best restaurants (including the likes of Melbourne’s Movida and Sydney’s Icebergs and Quay).
The manufacturing process is based on handmade traditions, passed down over seven generations. From salting to hanging, curing meat is a detailed process.
“Our energy usage never stops because there is lots of cooling and heating throughout,” explains Juliette De Palma, co-owner of De Palma Salumi.
With rising costs, De Palma Salumi knew it needed to make a change.
“While we knew our energy usage was heavy and had a significant cost on the business, we would never have considered going solar if we had to pay upfront. Our business just doesn’t have the cash flow to do it,” Juliette explains. “The curing process is long, and we have a lot of money invested in stock at any given time.”
The business’ lack of available upfront capital made the switch to solar seem out of reach. “Our process from when we pay for the raw meat to when it is sold as a finished product is three to four months, so a lot of cash is tied up in that process”.
De Palma Salumi was introduced to Energy Ease, and that’s when it realised that with a simple payment plan, cutting the business’s energy costs was finally achievable.
Signing up for an Energy Ease payment plan was “the easiest process ever.”
“We just had to answer a few simple questions and they could see by our history that we were a sound business,” Juliette says.
“I didn’t feel intimidated by the process and it all happened easily and in no time. In the last few years, we’ve found there have been a lot of hurdles when it comes to getting finance, particularly the banks. Our experience with Energy Ease was so refreshing and simple.”
It meant that De Palma Salumi could now take action and slash their energy costs.
The business win
While Juliette knew that going solar would save the business money in the long term, she was very surprised to find out that with an Energy Ease payment plan the savings would be instantaneous.
“When we found out we didn’t have to pay upfront and we could pay over months at a lower rate than our current energy bill, it was a very easy business decision.”
“Not only were we not losing anything by doing it, our costs were actually less!” Juliette explains.
De Palma Salumi can now focus on the things that really matter, the passion and dedication it gives to its world class curing techniques without stressing about its energy use.
Our tip? Try the bresaola.
For more client stories, contact us on 1300 795 695.