1-800-TSHIRTS install of a solar array in 2014 creating sustainability for their operation and using local, State, and Federal incentives to minimize the cost.

1. Solar Project
Installation: 2014
By: Tom Rauen
Installed by:

2. Project Timeline
October 2013 - Did research on local companies
November 2013 - Bids submitted by 3 companies
December 2013 - Applied for Alliant Energy Rebate
Feb. 2014 - Accepted Proposal from Eagle Point Solar
March 2014 - Applied for ECIA ERLF Loan
April 2014 - Alliant Energy Assessment
May 2014 - Installed Occupancy Light Sensors
May 2014 - Projected Started
June 2014 - Estimated Completion Date
Aug. 2014 - Panels and Inverter Install Complete
Sept. 2014 - Passed Alliant Inspection
Sept. 2014 - Received Permission to Operate
Sept. 2014 - Loan Closed with ECIA
October 2014 - Rebate submitted with Alliant
December 2014 - Rebate check received from Alliant

5. Project Cost: $69,300
Envision Investment $19,300
ECIA Loan (7yr @ 1%) $50,000
Alliant Energy Rebate $25,000
ECIA Loan Rebate $10,000
Project Funding
Rebates
Iowa Solar Tax Credit $10,395
Federal Tax Credit $20,790
Tax Credits

6. 7 Year Projection
Project Cost: $69,300
- Iowa Tax Credit: $10,395
- Federal Tax Credit: $20,790
- Alliant Rebate: $25,000
- ECIA Rebate: $10,000
+ Interest paid on loan: $1,432
- Amount saved on Utility Bill: $23,625
= $19,078

7. Electric Usage Cost Solar Output Amount Saved
2013 105,500 kwh $13,215.70 0 $0
2014 106,487 kwh $13,306.66 2,051 kwh $266.63
2015 86,720 kwh $10,979.27 26,542 kwh $3,450.46
2016 98,738 kwh $12,303.06 26,697 kwh $3,470.61
2017 87,032 kwh $11,314.16 26,226 kwh $3,409.38
2018 120,515 kwh $15,666.95 25,547 kwh $3,321.11
2019 46,938 kwh $6,101.94 21,281 kwh $2,766.53
Based on $0.13 per kwh average.
Lifetime kwh generated = 130,288 kwh
Lifetime total savings = $16,937.44
Projected Estimated Savings based on 24,414 kwh at $0.13 per kwh = $3,173.82