Learn more about Solarize Essex!
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Learn more about Solarize Essex!

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Solarize Essex is a unique discount buying program that uses a tiered-pricing structure, town-supported education and outreach and one competitively selected installer to dramatically reduce the cost ...

Solarize Essex is a unique discount buying program that uses a tiered-pricing structure, town-supported education and outreach and one competitively selected installer to dramatically reduce the cost of solar. The more residents sign up for Solarize, the more the cost comes down. All contracts must be signed by September 23 to participate.

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Learn more about Solarize Essex! Presentation Transcript

  • 1. SOLAR. SIMPLE. TOGETHER.
  • 2. 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
  • 3. Solar Market Today  More solar power capacity added in US in 2013 than any energy source other than natural gas
  • 4. 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
  • 5. Solar in Essex
  • 6. Why Solar? • Lower your electric bill and insulate yourself from CL&P rate increases $0 $500 $1,000 $1,500 $2,000 $2,500 $3,000 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 Current Electric Trajectory CT Solar Lease CT Solar Loan Assumptions: 7 kW system atTier 5 pricing First year electric production: 8,400 kWh CL&P electric rate of $0.16/kWh with estimated 3% annual increase in utility rates. Individual utility rates will vary.
  • 7. Why Solar? • Do good for the environment
  • 8. Why Solar? • Increase your home’s resale value
  • 9. Why Solar? • Enjoy energy independence
  • 10. How Solar Works
  • 11. How Solar Works  Solar Panels  Inverters
  • 12. How Solar Works  Balance of System  Unirac Racking with Eco Fasten Flashing  Conduit and wiring to connect panels on roof to inverter in basement
  • 13. 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
  • 14. 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 • FederalTax Credit • 30% of project costs net of rebate
  • 15. Solarize Tiered Pricing Tier 1 1-25 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
  • 16. Purchase Example Market System Cost: $31,360 Market Net Investment: $16,859 Solarize System Cost: $24,150 CEFIA Rebate: $7,225 Out of Pocket Investment: $16,925 Assumptions: 7 kW system atTier 5 pricing First year electric production: 8,400 kWh CL&P electric rate of $0.16/kWh with estimated 3% annual increase in utility rates. Individual utility rates will vary. Out of Pocket Investment: $16,925 30% FederalTax Credit: $5,077 Solarize Final Investment: $11,848 Years to Payback: 7-8 CL&P First Year Annual Savings: $1,344
  • 17. 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
  • 18. 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  FirstYear Monthly Payment (Escalating): $71  Fixed Monthly Payment (Non-Escalating): $88 Assumptions: 7 kW system at Tier 5 pricing CT Solar Loan continuing payments assume full ITC used to pay down loan Smart-E Loan term of 12 years First year electric production: 8,400 kWh
  • 19. Solarize Standard Equipment  Phono Solar Panels  SMA and Power-One Inverters
  • 20. 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
  • 21. Solar Installation Process  Initial inquiry and assessment via satellite image  On-site evaluation and proposal
  • 22. Solar Installation Process  Contract signed  Schedule your Energy Audit  CEFIA rebate application  CL&P Interconnection Application  Order Material  Permit fromTown
  • 23. Solar Installation Process  Installation  Town and utility inspections
  • 24. Solar Installation Process  Power your system on!
  • 25. 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 solar  Schedule a free site evaluation  Receive your custom proposal  Start saving money! DEADLINE: SEPTEMBER 23, 2014