It’s All About Oil!Global Issues with Fossil Fuels<br /><ul><li>Becoming scarce and costly – fossil fuels are non-renewable resources, with ‘peak oil’ coming
Creates greenhouse gases, pollution and global warming
Emerging and developed countries rely and compete for cheap energy
Inventories under foreign control – challenges peace</li></li></ul><li>Peak Oil<br />
<ul><li> The American Petroleum Institute estimated in 1999 the world's oil supply would be depleted between 2062 and 2094, assuming total world oil reserves at between 1.4 and 2 trillion barrels and consumption at 80 million barrels per day.
In 2004, total world reserves were estimated to be 1.25 trillion barrels and daily consumption was about 85 million barrels, shifting the estimated oil depletion year to 2057.
The United States Energy Information Administrationpredicts world consumption of oil will increase to 98.3 million barrels per day in 2015 and 118 million barrels per day in 2030.</li></li></ul><li>Solar Electricity (PV) for Residential<br /><ul><li>Replaces some or all LIPA provided power
Provides cost savings to Homeowner</li></li></ul><li>
Why LIPA wants you to go Solar:<br /><ul><li>Burns over 90% fossil fuel
Rates are highest / most unpredictable in the US
Can’t build new power plants to meet growing demand
Under pressure to meet renewable energy quotas
Grid is heavily loaded, risking brownouts and blackouts
Implemented “Solar Pioneers” rebate program</li></li></ul><li>PV – How it Works:<br /><ul><li>Solid-state solar panels (PV) mounted on roof or racked in yard or integrated w/roof convert sunlight to DC power
Grid-tied inverter converts DC into clean AC power
Incentives<br /><ul><li> LIPA will pay up to $27,500 of system- currently 2.75 per watt.
State Tax Credit will pay for 25% of system cost- (capped at $5,000)
Federal Tax credit will pay for 30% of system cost
Final out of pocket cost is typically 1/3 of initial cost
Systems pay for itself in about 6 years.</li></li></ul><li>Ask yourself<br />What are you waiting for?<br />LIPA’s rates increase on average 5% a year!<br />Peak oil means drastic increases in energy costs!<br />The sun will hit your roof everyday, use it!<br />You can be a part of the solution, and it pays!<br />It’s about financial freedom from utility!<br />