Solarize Research Triangle: Info for Businesses & Commercial Property Owners
In this presentation, solar experts will describe how Solarize Research Triangle can help your business * reduce your electricity bill by switching to solar, * select the kind of solar installation that best meets your needs, * maximize tax incentives that can pay for the majority of the installation costs, and * better express your company's commitment to the community by investing in clean energy Solarize Research Triangle is a grassroots effort that makes it simple and affordable to go solar. And with the recent drop in solar prices and soon to be expired tax credits, now is a great time to switch to clean energy. Solarize Research Triangle offers two programs: (1) a simple process and discounted rate to help businesses save money by installing solar on their building and (2) a no-cost employee group discount program for home solar.
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Solarize Research Triangle: Info for Businesses & Commercial Property Owners
- 2. Rob Pinder Executive Director, NextClimate
- 4. Price of solar has dropped Fossil Fuels Solar Bernstein Research. Data: EIA, CIA, World Bank, Bernstein analysis
- 6. What we did Sent out a request for proposals Required two elements: (1)Turn-key solution (2)Tiered pricing Extensive vetting
- 8. What you get Free solar assessment Access to group discounts Help the community reach larger price reductions
- 9. A portion of proceeds support community solar initiatives
- 10. Two ways to participate 1. Solar for your business 2. Employee discount program
- 11. ENROLL SITE REVIEW ASSESSMENT PROPOSAL CONTRACT Complete form on website by June 30: www.solarizeNC.org NextClimate will assign you to one of our vetted installer partners. Using aerial imagery, installer will examine solar potential. Installer will contact you by phone to review your site and your solar interests. Installer creates proposal. If you accept the proposal and sign the contract by July 31, then your site counts towards to group discounts.
- 12. Marc Pons Chapel Hill Tire
- 13. Why did Chapel Hill Tire decide to switch to solar? How has solar impacted Chapel Hill Tire’s business?
- 14. Kathy Miller CEO, Yes! Solar Solutions Stew Miller President, Yes! Solar Solutions
- 15. Solar is Good Business And Good For Business
- 16. Why Go Solar? Energy Savings Cost Savings Supply Chain LEED/ SBA Moral Imperative Public Image/ Marketing Green Plus Tax Credits
- 17. Your choice is to give the government your money… OR…
- 18. Invest in an asset that adds value to your building and earns a good return on investment!
- 19. Interconnection Options: Net Meter or Sell All
- 20. Roof Mounting Options: Ballasted, Penetration, Seam Clamp, Ground Mount
- 21. Investment Incentives Federal Renewable Energy Tax Credit 30% North Carolina Renewable Energy 35% MACRS Depreciation Basis 85% (6 year schedule) Reduced Electricity Costs 25-30 years Or Create Income Stream 15+ Power Purchase Agreement Investment Payback 5-8 years
- 22. Financing Options Smaller Systems: Banks & Credit Unions Larger Systems: Third Party Lenders Balboa Capital Solar Equipment Financing Providence Capital Funding Solar Equipment Financing 5-10 year products, step down financing options (tax credits), easier application processes
- 23. Case Study 20kW Solar System $ 68,068 30% Federal tax credit -$20,420 35% State tax credit -$24,500 Net Investment Cost before Deprec. $ 23,148 MACRS Depreciation - $ 57,858 Est. 25 Year Electricity Cost Savings $ 82,318 25 Year Annual Simple IRR 7.29%
- 26. Questions …