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New York Solar PV Guide
Solar technology, financing programs, and everything you need to know
to drive your investment dec...
 New York has one of the highest electric cost / kWh in the continental U.S.
– $0.154 / kWh average for all sectors in Ne...
 Solar PV systems absorb sunlight, convert energy from
the sun into electricity
– Can be installed on roofs or ground
– M...
 Stabilized electric costs
– Reduced reliance on grid at daily peak energy times,
saving money
 Reduction in CO2 emissio...
 Highest upfront cost to
customer
 Takes full advantage of tax
credits & incentives to
reduce upfront cost
 Remaining u...
 Incentives for up to 25 KW install
 Federal tax credits of ≤ 30% of cost
of installation
 NY State tax credits of ≤ 25...
 Eligibility: all public K – 12 schools in New York (includes multiple
schools from one district)
 Typically ≥ 50 KW sys...
 Find an installer, or multiple to find best price offering
– Will determine best system size and placement
– Will assist...
 NY Sun Initiative – a comprehensive website detailing the NY Sun Initiative
 CUNY Solar Information – a comprehensive w...
For more information, email us at info@eereports.com
And visit our site eereports.com
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Ny solar pv guide

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NY solar PV guide for building owners and contractors by EEreprots.com

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Ny solar pv guide

  1. 1. New York Solar PV Guide Solar technology, financing programs, and everything you need to know to drive your investment decision
  2. 2.  New York has one of the highest electric cost / kWh in the continental U.S. – $0.154 / kWh average for all sectors in New York versus $0.112 / kWh for PV  Solar technologies are established & continue to be improved upon – Cost of entire system is on decline, efficiencies are increasing  NY-Sun Initiative committed ~$1 Billion in 2014 for new installs – Grants, Incentives, and Financing programs allow for more accessibility to solar – As more Megawatts of solar are installed, each new install will receive savings per watt installed (Megawatt Block Incentive) • The sooner you decide to install, the more upfront savings you will realize  Residential, Commercial, Industrial, Communities, Government, and Installers / Contractors can all benefit from solar – Installs of ≤ 200 Kilowatt will typically have ~20-30% of upfront costs covered  PACE financing and other groups can finance for $0 upfront cost to building owner Now Is The Time To Invest In Solar (*) http://www.eia.gov Graph source: http://energy.gov *
  3. 3.  Solar PV systems absorb sunlight, convert energy from the sun into electricity – Can be installed on roofs or ground – Most efficient when panels are South facing – Will still absorb in winter months and cloudy days  Inverter changes power from DC to AC  Connects to utility electric meter and the grid  Smart technologies can give real time readouts, change angle of panels for maximum absorption per day, season, etc. – Will increase upfront and maintenance costs 2 Proprietary & Confidential Solar Photovoltaic (PV) Basics Picture source: http://www.southhamssolar.co.uk/
  4. 4.  Stabilized electric costs – Reduced reliance on grid at daily peak energy times, saving money  Reduction in CO2 emissions  Can sell back unused electricity to grid (via Net Metering)  20-25 year lifespan  Typical return on investment (ROI) of < 10 years  Eligible for federal & state tax credits  Property value increase (rule of thumb is 20x one years savings)  Near negligible maintenance cost  Can provide power during blackouts when combined with storage system  1,000 Watts = 1 Kilowatt (KW)  ~ $4,000 - $6,000 / KW for install depending on location ($7,000 - $10,000 in NYC) – Westchester County currently at ~ $5,500 / KW  ~ 1 KW of Solar PV / 100 ft2  1 KW PV produces ~ 1,250 kWh / year (based off existing installs in New York)  Optimal stationary angle of panels in New York is ~ 41◦ from horizontal Quick ReferencesMultiple Benefits of Solar PV 3 Proprietary & Confidential Solar PV Benefits & References (*) Lawrence Berkley National Laboratory, Tracking the Sun VII Graph source: EIA *
  5. 5.  Highest upfront cost to customer  Takes full advantage of tax credits & incentives to reduce upfront cost  Remaining upfront cost can be financed through NY-Sun Incentive Program  Maintenance costs fall on customer (typically negligible)  ‘Rent’ Solar PV system from Solar company with monthly cost  Little to no upfront cost to customer  Solar company maintains system Leasing a Solar PV systemOwning a Solar PV system  Installer pays for install, maintenance, and system  Contract between customer and installer to sell electricity to customer at price lower than utility price  Little to no upfront cost to customer  ~20 year contract typically with production guarantees  Price of electricity may increase over time depending on contract Power Purchase Agreement 4 Proprietary & Confidential Ownership and Financing Options Picture source: http://www.ce.gatech.edu
  6. 6.  Incentives for up to 25 KW install  Federal tax credits of ≤ 30% of cost of installation  NY State tax credits of ≤ 25% (up to $5,000) of cost of installation after incentives – Residential Tax Incentives  Smart Energy Loans or On-Bill Recovery Loans for ≤ $13,000 or ≤ $25,000 for higher cost-effective standards – Repayment of 5, 10, or 15 years – Financing Options  Solar Estimator will help you determine the size of install and relative costs and savings – Typical residential homes will need ≤ 10 KW system for 100% generation of electricity demand  Eligibility: multi-unit buildings, schools, NFPO’s, government buildings  Incentives for ≤ 200 KW install  Federal tax credits of ≤ 30% of cost of installation  NY State tax credits of ≤ 25% (up to $5,000) of cost of installation after incentives – Non-Residential Tax Incentives  Participation Loans of ≤ $100,000 below market interest rates and On-Bill Recovery Loans of ≤ $50,000 @ 3% interest – Repayment of ≤ 10 years – Financing Options – Additional PACE financing  Solar Estimator will help you determine the size of install and relative costs and savings Small Non-ResidentialResidential  Eligibility: commercial buildings, businesses, municipalities, government, NFPO’s, communities  Similar incentives as ≤ 200 KW installs (eligible for funding up to 200 KW)  Currently still in planning phases for > 200 KW install incentives – Follow NY-Sun Stakeholder Meetings for more information Large Commercial & Industrial 5 Proprietary & Confidential NY Solar PV Incentives by Building Type Picture source: http://www.solar.excluss.com/
  7. 7.  Eligibility: all public K – 12 schools in New York (includes multiple schools from one district)  Typically ≥ 50 KW system  NYPA will provide free energy advisor services – Researches technologies, feasibility, savings, and purchasing options – NYPA will help with financing to realize 0 initial and maintenance costs  Uses similar incentives as commercial installs  Request for Proposals (RFP’s) should be submitted by March, 2015 More information and how to register Schools (K-Solar program) Community Green Energy  Similar to Community Solar but not through NYSERDA / NYPA – Takes advantage of all incentives previously mentioned  Helps develop & finance solar projects for communities – Typically Power Purchase Agreements  Central solar array in community – Hosted by any business or municipality willing to host panels • Electricity generated is used by host site – ‘Purchase’ of panels by other businesses & residents within community • Lower upfront cost ; Earn credits on own electric bill  More information and how to apply  Includes all incentives previously mentioned  If system is installed before 2017, eligible for four-year tax abatement (reduction) of 5% per year of install costs for four years  Max of $62,500 per year after rebates  More Information New York City Community Solar  Bring together communities & schools for group purchasing of solar and solar education – Economies of scale for both installers & customers (the more customers, the cheaper the install per customer)  First round of campaign applications closes January 30, 2015  More information and how to apply 6 Proprietary & Confidential Select NY Solar PV Opportunities Picture sources: http://www.21stcentech.com/ and http://cnyenergychallenge.org/
  8. 8.  Find an installer, or multiple to find best price offering – Will determine best system size and placement – Will assist with applications for NY-Sun incentives & financing options – Will install and submit all paperwork to NYSERDA  Use Power Purchase Agreements, loans, or full sale to customers  Megawatt Block Incentive will help determine where you want to install, take most advantage of incentives  To become NYSERDA certified, must have one of three: – NABCEP Certification – IBEW-NECA Electrical Journeyman & Apprentice Training – Underwriters Labs Credential  Once eligible, must apply and sign agreements below: – Installer/Contractor Application – Sample Participation Agreement  More Information Installers & ContractorsBuilding Owners 7 Proprietary & Confidential How To Get Involved: Building Owners, Installers & Contractors Picture source: http://www.solarjobsuk.com/
  9. 9.  NY Sun Initiative – a comprehensive website detailing the NY Sun Initiative  CUNY Solar Information – a comprehensive website of solar incentives, permits, etc.  NYSERDA – more information on solar and other energy efficiency technologies  New York Solar Energy Industries Association – state solar policy, including a comprehensive map of every New York installer and manufacturer  List of incentivized PV installs in New York – a comprehensive list of solar install including location, size of install, cost before and after incentives, manufacturers of the equipment, and annual production rates 8 Proprietary & Confidential Additional Information & Useful Links
  10. 10. For more information, email us at info@eereports.com And visit our site eereports.com

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