Solar Energy:
       How to Produce Your Own Electricity

                Overview – Chris Robinson

     How solar works...
What makes solar work?
How solar hot water works




3
Why Solar – Environmental Reasons
     Reduce your impact on the environment
      – Control your carbon offset
      – I...
Other ways to reduce energy use
     Power Stripping
      – Phantom Loads= 10-15% of your energy bill.
        Power str...
Why Solar- Economic Reasons

    • Take Control of Your Electric costs:
    -Reduce or eliminate your electric bills by $7...
Investment, Incentives Detail
 Commonwealth Solar Rebate
     –   $Dollar-for-dollar subtracted off the up front cost
   ...
Solar Renewable Energy Credits:
 Separate from the electricity used to power your home
 Credits are accumulated via moni...
Wareham, MA - Flush Mounted Array
Robinson, Sunpower 230 watt panels
Cost of a 3.2 kW system after incentives
 System: 14 panel each producing 230 watts = 3.2 kW
 Initial cost:             ...
Investment, Sunpower Financing Options
 Same As Cash- Sunpower
          First Twelve Months- No Money Down, No Payments
...
Aesthetically Pleasing Array
Yarmoff, (48) Sunpower 205 watt panels, 9.8 kW system




1
Maynard, MA - Sunframe Array
King, (27) Sunpower 225 watt panels, 6.075 kW system
     Previous Home use
         9,135 kW...
Low Use, City Home
    Mercer Hennen, (10) Sunpower 210 watt panels, 2.1 kW system
Overall Investment
$16,800
State Rebate...
Solar Hot Water and PV
  Knudson, (2) Schuco Hot Water Collectors


Overall Investment
     $8,500

 State Tax Credit:
   ...
Maynard, MA – Evergreen Array
Kucich, (14) Evergreen 210 watt panels, 2.94 kW system
Solar Wedge Tilt Mount– Sunpower Array
  Kaznay, (27) SPR 215 watt panels, 5.8 kW system
Ground Mount
Romer, (24) Sunpower 210 watt panels, 5.04kW system
Pole Mount & Dual Axis Tracker
Ladd, (12) Sunpower 225 watt panels, 2.7kW system
Q&A




20
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Sunlight solar green needham presentation sep 2010

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Presentation by Sunlight Solar at Green Needham meeting September 20, 2010

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Sunlight solar green needham presentation sep 2010

  1. 1. Solar Energy: How to Produce Your Own Electricity Overview – Chris Robinson  How solar works  Advantages of solar  Financial Incentives  How do you get solar? 1
  2. 2. What makes solar work?
  3. 3. How solar hot water works 3
  4. 4. Why Solar – Environmental Reasons  Reduce your impact on the environment – Control your carbon offset – Increase your community’s awareness of energy independence  Over 30 years, the benefits of a 5kW system are equivalent to: – Planting 30 acres of trees OR not driving 237,000 miles! – Removing 190,000 lbs CO2 (greenhouse gas) from the atmosphere! 4
  5. 5. Other ways to reduce energy use  Power Stripping – Phantom Loads= 10-15% of your energy bill. Power strips in each room of your home. Turn off when leaving. Important rooms – kitchen, home office or entertainment room.  Passive Solar Advantage – Open blinds during the day to let in sunlight during colder months help heat your home. Keep blinds closed during warmer months to reduce your AC use  Get a free energy audit – Masssave.com – Switch light bulbs, seal up your attic, blow test door. Learn how your home might be losing energy. 866-527-7283  Install a Solar Dryer- – Use a cloth line to dry clothing and reduce your dryer use  Solar Thermal Hot Water – Offset demand on gas, oil, or electric 5
  6. 6. Why Solar- Economic Reasons • Take Control of Your Electric costs: -Reduce or eliminate your electric bills by $700 to $1,200 per year. MA amongst the highest in the nation. -Protect yourself from rising utility rates. • Adds Value to Your Home: Based on a study funded by the US Department of Housing and Urban Development, along with the Environmental Protection Agency Solar can add $20,000 in home value for every $1,000 of yearly energy cost savings. Will not increase property tax Your solar system will generate $1,100 to $1,800 of additional annual income through the Renewable Energy Credit Program. Disclaimer: Homebuyers should consult with their tax consultant, referencing the 6 Federal Energy Policy Act of 2005, Section 1335. Tax laws are subject to change.
  7. 7. Investment, Incentives Detail  Commonwealth Solar Rebate – $Dollar-for-dollar subtracted off the up front cost – $1.10-$2.10 off per watt – Maximum rebate available $10,500 – $1,000,000 of available funding for residential customers  Federal Tax Credit – 30% Federal Tax Credit Return of your net cost, no cap  MA State Tax Credit – 15% State Tax Credit of your net cost, $1,000 maximum  Solar Renewable Energy Credits (S-REC’s) $285 per Megawatt Hour produced (mWh) The State of Massachusetts allows solar installation to be exempt from property taxes. This incentive only applies to the added value to a property. M.G.L. ch. 59 § 5 (45, 45A) Disclaimer: Homebuyers should consult with their tax consultant, referencing the 7 Federal Energy Policy Act of 2005, Section 1335. Tax laws are subject to change.
  8. 8. Solar Renewable Energy Credits:  Separate from the electricity used to power your home  Credits are accumulated via monitoring system connected to your inverter  Credits are sold online to companies who need to buy them or pay fines of twice the value – Floor price of credit is $285 – Alternative Compliance Payment (fine) is $600  Credits are auctioned off at up to 95% of the fine ($570).  The whole process is done online through an aggregator who will manage the customer’s account.  Customer is paid every quarter. 8
  9. 9. Wareham, MA - Flush Mounted Array Robinson, Sunpower 230 watt panels
  10. 10. Cost of a 3.2 kW system after incentives  System: 14 panel each producing 230 watts = 3.2 kW  Initial cost: $26,086  Massachusetts rebate - $6,762  “Out-of-Pocket” cost $19,324  State and Fed tax credits - $6,797  Final cost of system $12,527  Annual savings on bill $779  Annual S-REC income (minimum) $1,109  System pays for itself in 6 years 1
  11. 11. Investment, Sunpower Financing Options  Same As Cash- Sunpower First Twelve Months- No Money Down, No Payments - Take advantage of Federal & State Tax credits, MRET Solar rebate, S-RECs & utilize energy produced by your array If repaid within twelve month period- No Fees & No Interest  Wainwright Bank – Green Loan - 24 hours approval, No application fee - Reduced interest rates for solar installations & Wainwright customers MRET Solar rebate, S-RECs & utilize energy produced by your array Disclaimer: Homebuyers should consult with their tax consultant, referencing the 11 Federal Energy Policy Act of 2005, Section 1335. Tax laws are subject to change.
  12. 12. Aesthetically Pleasing Array Yarmoff, (48) Sunpower 205 watt panels, 9.8 kW system 1
  13. 13. Maynard, MA - Sunframe Array King, (27) Sunpower 225 watt panels, 6.075 kW system Previous Home use 9,135 kWh Solar Contribution 7,473 kWh Annual power provided 82% Estimated annual electric savings $1,495 SREC Income Per year $2,109 1
  14. 14. Low Use, City Home Mercer Hennen, (10) Sunpower 210 watt panels, 2.1 kW system Overall Investment $16,800 State Rebate: $4,410 Tax Credits: $3,640 Total Investment After incentives $8,750 Annual Electric Savings $612 Annual SREC income $855
  15. 15. Solar Hot Water and PV Knudson, (2) Schuco Hot Water Collectors Overall Investment $8,500 State Tax Credit: $1,000 Federal Tax Credits: $2,550 Total Investment After incentives $4,950
  16. 16. Maynard, MA – Evergreen Array Kucich, (14) Evergreen 210 watt panels, 2.94 kW system
  17. 17. Solar Wedge Tilt Mount– Sunpower Array Kaznay, (27) SPR 215 watt panels, 5.8 kW system
  18. 18. Ground Mount Romer, (24) Sunpower 210 watt panels, 5.04kW system
  19. 19. Pole Mount & Dual Axis Tracker Ladd, (12) Sunpower 225 watt panels, 2.7kW system
  20. 20. Q&A 20
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