CCSE Conference Sullivan

380 views
309 views

Published on

Published in: Education
0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total views
380
On SlideShare
0
From Embeds
0
Number of Embeds
14
Actions
Shares
0
Downloads
10
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide
  • Good afternoon, my name is ____________________ and I am a Project Developer that designs photovoltaic systems for Sullivan Solar Power. Our firm is doing presentations throughout the County of San Diego with a vision of creating a solar energy revolution and sustainable future for our community . We are confined by time for this presentation and have a lot of information to deliver; there will be breaks in the presentation for a few questions pertaining to the subject covered. If we do not get to your question in the presentation, we will have time designated at the end of the seminar to address additional questions.
  • We have designed and installed over 350 pv systems , both commercial and residential. We are San Diego’s premier locally based solar provider that delivers your project from concept to completion. It is very important to our company culture that we use the best and most reliable American-made products that the industry has to offer; the owner of our firm takes a lot of pride in supporting the national economy . We have the largest Fat Spaniel real-time monitoring network in the nation. We also have a longstanding A rating membership with the Better Business Bureau.
  • When speaking about energy and specifically, renewable energy, solar radiation is by far the most abundant energy resource available to us . In fact, the sun casts enough energy on the Earth’s surface to provide the entire world with power for one year in just one minute.
  • Environment California recently came out with a report naming San Diego as the #1 solar city in the State and America , for both number of rooftops and watts installed. However, less than 1% of our energy is generated from solar . While this is an accomplishment our citizens should take pride in, there is still a lot of room for progression . Our solar industry in this country is much further behind other progressive nations like Spain and Germany .
  • Read bullet points and lightly expand upon use of words.
  • Here is a case study highlighting our average 5kW system here in San Diego. . Walk through.
  • This graph demonstrates the total usage and bill cost prior to the solar installation. . . Walk through.
  • This graph demonstrates the total usage and bill cost prior to the solar installation. . . Walk through.
  • This graph demonstrates the rising costs of utility rates ; this data came directly from the Department of Energy. This clearly shows you that the rates of today are not the rates of tomorrow. As you can see electricity prices have gone up every year for over 35 years . As a conservative average, utility rates rise in costs by 6% each year . Also important to note that these figures are on a national level. Here in San Diego, just like everything else, we pay much higher than the national average; which makes our community ideal candidates for solar power (weather, prices). With more people adopting renewable energies, analysts are stating that rates could rise even more for utilities wanting to make up for the lost earnings.
  • There are 3 major financial benefits to owning your solar electric system, which are the CSI state rebate, the Federal Tax Credit and your energy bill savings.
  • Program will allow a homeowner to amortize their $31750 out-of-pocket cost over 20 years through their property taxes. While your monthly payment will be $260, your bill savings will be $245. Additionally at the end of the year, your federal tax credit will be $9525, translating to an immediate positive cash flow on top of your savings.
  • Program will allow a homeowner to amortize their $31750 out-of-pocket cost over 20 years through their property taxes. While your monthly payment will be $260, your bill savings will be $245. Additionally at the end of the year, your federal tax credit will be $9525, translating to an immediate positive cash flow on top of your savings.
  • Program will allow a homeowner to amortize their $31750 out-of-pocket cost over 20 years through their property taxes. While your monthly payment will be $260, your bill savings will be $245. Additionally at the end of the year, your federal tax credit will be $9525, translating to an immediate positive cash flow on top of your savings.
  • Program will allow a homeowner to amortize their $31750 out-of-pocket cost over 20 years through their property taxes. While your monthly payment will be $260, your bill savings will be $245. Additionally at the end of the year, your federal tax credit will be $9525, translating to an immediate positive cash flow on top of your savings.
  • This graph clearly illustrates your financial savings over the lifetime of your system. You own your home; why rent your electricity?
  • CCSE Conference Sullivan

    1. 1. Residential Solar Power Finance Presented by: Sullivan Solar Power Daniel Sullivan +
    2. 2. San Diego’s Solar Firm <ul><li>Over 5 million watts installed across 500+ systems </li></ul><ul><li>Ranked in the top 1000 fastest growing firms in the country by Inc. </li></ul><ul><li>Ranked in the top 50 fastest growing energy firms in the country by Inc. </li></ul><ul><li>Ranked in the top 10 fastest growing firms in San Diego by San Diego Business Journal </li></ul>
    3. 3. The Power of the Sun <ul><li>In one minute, the sun casts enough energy on the Earth’s surface to provide the entire world with power for one year. </li></ul>
    4. 4. Solar Energy in America … yet less than 1% of our electricity is generated from solar.
    5. 5. What’s the Problem here? <ul><li>Mixed messages from all levels of government </li></ul><ul><li>Lack of education in the public </li></ul><ul><li>Financing Challenges </li></ul>
    6. 6. Example (5kW system) <ul><li>The average sized PV system installed in San Diego is 5kW with the following characteristics: </li></ul><ul><li>System Size: 5kW AC </li></ul><ul><li>Energy Production: 850 kWh per Month </li></ul><ul><li>Total System Cost: $37,500 </li></ul><ul><li>State Rebate: -$1,750 </li></ul><ul><li>Out of Pocket Cost: $35,750 </li></ul><ul><li>Federal Tax Credit: -$10,725 </li></ul><ul><li>Net System Cost: $25,025 </li></ul>
    7. 7. Example (5kW system) <ul><li>Before installing a PV system a typical </li></ul><ul><li>resident uses 1200kWh per month. </li></ul>Tier Rate kWh per tier (kWh) Cost Per Tier Tier 1 $0.13 300 $39.00 Tier 2 $0.15 90 $13.50 Tier 3 $0.28 210 $58.80 Tier 4 $0.30 600 $180.00 Total 1,200 $291.30
    8. 8. Example (5kW system) <ul><li>A 5kW PV system will reduce this usage to around 350kWh per month. </li></ul><ul><li>Results in monthly savings of - $245 </li></ul>Tier Rate kWh per tier (kWh) Cost Per Tier Tier 1 $0.13 300 $39.00 Tier 2 $0.15 50 $7.50 Tier 3 $0.28 0 $0.00 Tier 4 $0.30 0 $0.00 Total 350 $46.50
    9. 10. Financing Residential Solar <ul><ul><li>HELOC </li></ul></ul><ul><ul><li>Refinance/ Second Mortgage </li></ul></ul><ul><ul><li>Unsecured Loans </li></ul></ul><ul><ul><li>Residential Solar Leases </li></ul></ul>
    10. 11. HELOC <ul><li>Most flexible of all options </li></ul><ul><li>Requires equity in home </li></ul><ul><li>Excellent credit required </li></ul><ul><li>Client can pay interest only in tough months </li></ul><ul><li>Monthly Savings from Solar: $245 </li></ul><ul><li>Minimum Monthly Payment: $149 </li></ul><ul><ul><ul><ul><li>Assuming 5% </li></ul></ul></ul></ul><ul><li>In addition to savings, clients receive a Federal Tax Credit for $10,725 </li></ul><ul><li>First year savings= $11,877 </li></ul>
    11. 12. Refinance/ Second Mortgage <ul><li>Requires equity in home </li></ul><ul><li>Client can take advantage of low interest rates </li></ul><ul><li>Excellent credit required </li></ul><ul><li>Monthly Savings from Solar: $245 </li></ul><ul><li>Minimum Monthly Payment: $208 </li></ul><ul><ul><ul><ul><li>Assuming 5% </li></ul></ul></ul></ul><ul><li>In addition to savings, clients receive a Federal Tax Credit for $10,725 </li></ul><ul><li>First year savings= $11,169 </li></ul>
    12. 13. Unsecured Loan <ul><li>No equity required </li></ul><ul><li>High interest </li></ul><ul><li>Excellent credit required </li></ul><ul><li>Monthly Savings from Solar: $245 </li></ul><ul><li>Minimum Monthly Payment: $362 </li></ul><ul><ul><ul><ul><li>Assuming 8.5% </li></ul></ul></ul></ul><ul><li>In addition to savings, clients receive a Federal Tax Credit for $10,725 </li></ul><ul><li>First year savings= $9,321 </li></ul>
    13. 14. Residential Leases <ul><li>Enter into long term contract with 3 rd party </li></ul><ul><li>Excellent credit required </li></ul><ul><li>Cannot move for 5 yrs w/o penalties </li></ul><ul><li>Rates escalate per year like SDG&E </li></ul><ul><li>Monthly Savings from Solar: $245 </li></ul><ul><li>Starting Monthly Payment: $180 </li></ul><ul><li>Escalates to: $372 </li></ul><ul><li>FMV Buyout at end of lease: ?? </li></ul><ul><li>3 rd Party owns the system- NO TAX CREDIT </li></ul><ul><li>First year savings= $780 </li></ul>
    14. 15. Electricity Rates Over 35 Years
    15. 16. Conclusion <ul><li>Solar is cheaper than the utility </li></ul><ul><li>Regardless of how financed, solar saves money over the long term </li></ul><ul><li>Depending on a client’s needs there are options available </li></ul><ul><li>Solar is a necessary, cost effective component in providing a sustainable future for our nation and children </li></ul>

    ×