Learn more about Solarize Essex!
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Transcript of Learn more about Solarize Essex!
SOLAR. SIMPLE. TOGETHER.
About Sunlight Solar Energy
• One of the leading design and installation companies in the United States
• Founded in 1988 by Paul Israel in Sacramento, California
• One of the original approved contractors through the Clean Energy Finance and Investment Authority
• Completed over 700 solar installations in Connecticut alone
• Located in New Haven
Solar Market Today
More solar power capacity added in US in 2013 than any energy source other than natural gas
Why Solar Growing So Fast
Pricing has declined Module pricing dropped 80% since 2008
Electric Rates are Expensive CL&P just increased generation cost by 21% CT one of the most expensive states for electricity
State and Federal Incentive for Homeowner CEFIA rebates cover on average 20-30% of system
cost Federal Tax Credit 0f 30% of net system cost
Solar in Essex
Why Solar?
• Lower your electric bill and insulate yourself from CL&P rate increases
Yr 1 Yr 2 Yr 3 Yr 4 Yr 5 Yr 6 Yr 7 Yr 8 Yr 9 Yr 10
Yr 11
Yr 12
Yr 13
Yr 14
Yr 15
Yr 16
Yr 17
Yr 18
Yr 19
Yr 20
$0
$500
$1,000
$1,500
$2,000
$2,500
$3,000
Current Electric Trajectory
CT Solar Lease
CT Solar Loan
Assumptions:7 kW system at Tier 5 pricingFirst year electric production: 8,400 kWhCL&P electric rate of $0.16/kWh with estimated 3% annual increase in utility rates. Individual utility rates will vary.
Why Solar?
• Do good for the environment
Why Solar?
• Increase your home’s resale value
Why Solar?
• Enjoy energy independence
How Solar Works
How Solar Works
Solar Panels Inverters
How Solar Works
Balance of System Unirac Racking with Eco Fasten
Flashing Conduit and wiring to connect
panels on roof to inverter in basement
What Makes a Site Solar-Friendly
If you have a roof that has…
- Little to no shade throughout the majority of the day- A southern face (or some degree of southern orientation)- An eastern or western roof with no shade- A moderately steep pitch (25°- 45°)- Few or no obstructions (vents, skylights, opposing roof
lines…)
South
Incentives
• Clean Energy Finance & Investment Authority (CEFIA) Rebate• $1.25/watt up to 5 kW• $0.75/watt from 5-10 kW• Below 87% design factor, de-rated according to site
conditions
• Federal Tax Credit• 30% of project costs net of rebate
Solarize Tiered Pricing
Tier 11-25 kW (~4 systems)
Tier 2>25-50 kW (~7 systems)
Tier 3>50-150 kW (~21 systems)
Tier 4>150-250 kW (~36 systems)
Tier 5>250 kW (~37+ systems)
$3.79 per watt
$3.74 per watt
$3.60 per watt
$3.59 per watt
$3.45 per watt
• Approximately 30-40 systems required to reach Tier 5
Purchase Example
Market System Cost: $31,360Market Net Investment:
$16,859
Solarize System Cost: $24,150CEFIA Rebate: $7,225Out of Pocket Investment: $16,925
Assumptions:7 kW system at Tier 5 pricingFirst year electric production: 8,400 kWhCL&P electric rate of $0.16/kWh with estimated 3%
annual increase in utility rates. Individual utility rates will vary.
Out of Pocket Investment: $16,92530% Federal Tax Credit: $5,077Solarize Final Investment:
$11,848
Years to Payback: 7-8CL&P First Year Annual Savings:
$1,344
Financing
• CT Solar Lease• No money down in most cases• 20-year lease• Cash flow positive from day one
• CT Solar Loan• Low money down and low monthly payments• 15-year term• Own your system
• Smart-E Loan• 5, 7, 10, and 12-year terms• Eligible upgrades include solar, energy efficiency, and
other energy-related upgrades
Financing Examples
CT Solar Loan Money Down: $899 Initial Monthly Payment: $140 Continuing Monthly Payment: $93
Smart-E Loan (12 years) Money Down: $0 Monthly Payment: $172
CT Solar Lease Money Down: $0 First Year Monthly Payment (Escalating): $71 Fixed Monthly Payment (Non-Escalating): $88
Assumptions:7 kW system at Tier 5 pricingCT Solar Loan continuing payments assume full ITC used to pay down loanSmart-E Loan term of 12 yearsFirst year electric production: 8,400 kWh
Solarize Standard Equipment
Phono Solar Panels SMA and Power-One Inverters
Common Solarize Adders
Ground or pole mounts
All Black Panels Flat roof installation Structural reinforcement of
roof Service upgrade
Micro-inverters/Power Optimizers
High efficiency solar panels
Solar Installation Process
Initial inquiry and assessment via satellite image
On-site evaluation and proposal
Solar Installation Process
Contract signed
Schedule your Energy Audit
CEFIA rebate application
CL&P Interconnection Application
Order Material
Permit from Town
Solar Installation Process
InstallationTown and utility inspections
Solar Installation Process
Power your system on!
How to Get Started
Visit: www.solarizect.com/Essex to learn more about the Solarize program
Call Sunlight Solar Energy: (203) 878-9123 or visit our website www.sunlightsolar.com
Ask us if your home is a viable candidate for solarSchedule a free site evaluationReceive your custom proposalStart saving money!
DEADLINE: SEPTEMBER 23, 2014