SOLARIZE Weston KICK-OFF SOLAR WORKSHOP May 13, 2014 CONFIDENTIAL & PROPRIETARY © Renewable Resources Energy Solutions, Inc.
May 19, 2015
SOLARIZE WestonKICK-OFF SOLAR WORKSHOP
May 13, 2014
CONFIDENTIAL & PROPRIETARY © Renewable Resources Energy Solutions, Inc.
CONFIDENTIAL & PROPRIETARY © Renewable Resources Energy Solutions, Inc.
OUR COMMITMENTSolarize Weston
• Provide an HONEST AND CONSULTATIVE assessment for going solar
• Give special attention to the AESTHETIC APPEAL of each installation (panel selection, system design and layout)
• Provide high quality, high efficiency, BEST-IN-CLASS COMPONENTS at attractive rates
• Perform METICULOUS WORKMANSHIP with attention to detail
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THE BENEFITS OF SOLAR
• Reduce or even ELIMINATE your electric bill
• Hedge against RISING energy costs
• INCREASE value of your home
• CLEAN, GREEN, RENEWABLE energy source
• REDUCE your carbon footprint
Why Go Solar?
Energy Costs
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CURRENT TRENDS Solar and Utility
Connecticut Cost of ElectricityNational Cost/Watt for Solar Installation
Source: U.S. Energy Information AdministrationSource: U.S. Department of Energy
20002001
20022003
20042005
20062007
20082009
20102011
20122013
$0.0800
$0.1000
$0.1200
$0.1400
$0.1600
$0.1800
$0.2000
$0.2200
Cost of Electricity
19981999
20002001
20022003
20042005
20062007
20082009
20102011
20122013
$4.00
$5.00
$6.00
$7.00
$8.00
$9.00
$10.00
$11.00
$12.00
$13.00
< 10kW 10-100 kW > 100 kW
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ENVIRONMENTALImpact
Assumptions• System size: 7 kW• 1st year estimated production: 8,400 kWh• Total estimated production over 25 years: 189,840 kWh• Impact over 25-year warranty of panels
134 metric tons of carbon dioxide
Carbon sequestered by 3,434 tree seedlings grown for 10 years
CO₂ emissions from 311 barrels of oil consumed
CO₂ emissions from 15,016 gallons of gasoline consumedSource: Environmental Protection Agency
This system will offset:
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When determining a home’s suitability for solar one must consider:
HOW SOLAR WORKSIs My Home A Good Solar Candidate?
270°W 90°E
• Azimuth• Pitch• Available roof space• Shading issues
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HOW SOLAR WORKSSolar 101
1. Panels2. Microinverters3. PV Production
Meter4. Disconnect5. Electrical Panel6. Home Power
/Appliances7. Utility Meter8. Utility Distribution
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HOW SOLAR WORKSStep 1 - Flashing
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HOW SOLAR WORKSStep 2 - Rails
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HOW SOLAR WORKSStep 3 - Microinverters
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HOW SOLAR WORKSStep 4 - Panels
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HOW SOLAR WORKSStep 5 – Electrical Connections
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SOLAR PRODUCTIONEstimated Per Powerclerk vs. Actual
Hiller Residence (Central)Stamford, CT 06905
Lewis Residence (Micro)Milford, CT 06460
Eytel Residence (Micro)Stamford, CT 06902
System Size: 4,940 Watt Powerclerk Production: 6,225 kWh (Year One)
System Size: 6,120 WattsPowerclerk Production: 6,278 kWh (Year One)
System Size: 3,430 WattsPowerclerk Production: 3,134 kWh (Year One)
December
Jan-13
Febru
aryMarc
hApril
May
JuneJuly
August
0
100
200
300
400
500
600
November
December
Jan-13
Febru
aryMarc
hAprilMay
JuneJuly
August
0
100
200
300
400
500
600
700
800
November
December
Jan-13
Febru
aryMarc
hApril
May
JuneJuly
August
0
100
200
300
400
500
600
700
800
900
Estimated Per Powerclerk Actual
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THE SOLARIZE PROCESS
Prequalification
Site visit/shade analysis
Proposal
Contract
Home energy audit
Install (racking/inverters/panels/electrical)
Inspections (municipal/utility/CEFIA)
Utility approval to energize
Closeout meeting with homeowner
Start To Finish
Typically takes approximately 90 days
Permits
System design
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If my roof is not suitable, do I have other solar options?
HOW SOLAR WORKSGround Mount
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SOLARIZE PRICINGAvailable Incentives
CEFIA Rebate
• Rebate amount is based on the solar system’s efficiency (azimuth, shading degrees, pitch, etc.)
• Rebate is offered for system sizes up to 10kW• Rebate amount is deducted from the Gross
System Cost immediately (homeowner does not have to wait for the rebate)
30% Federal Income Tax Credit (ITC)
• 30% of the system cost after CEFIA rebate
• Tax Credit is available until 2016 and excess
Tax Credit amount may be carried over
• No incentive cap
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PURCHASE OR LEASEOptions
What makes it special? Do you own your system?
Requires a down-payment? Terms Minimum FICO
Direct Purchase Greatest return on investment and lowest cost per kilowatt hour Yes Yes – Minimum of
10% 90 days N/A
CT Solar Loan - Sungage
Low monthly payments to make owning solar affordable Yes Yes – Minimum of
5% 15 years 680
Smart-E Loan - Local Banks
Quick and easy financing from your local bank
Finance other home improvement projects related to solar, such as a
roof replacement
Yes Not required 5-12 years 640
Admiral's Bank Loan
Low monthly payments with a secured loan Yes Not required 5-20 years 650
GeoSmart Same-As-Cash Loan
(Only for ITC)
Option to "float" your 30% ITC for 12 months with no interest Yes Not required 12 months 650
CT Solar Lease - AFC First Bank
No money down; immediate savings on electric bill
No (option to buy after 5 years) Not required 20 years 640
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PURCHASE OR LEASETotal Savings Snapshot
Assumptions• System size: 7 kW• Utility cost of electricity: $0.19/kWh• Annual increase from utility: 3%
Total SavingsDirect Purchase $38,934.94CT Solar Loan $26,252.98CT Solar Lease - Non-escalating $15,936.21CT Solar Lease - 2.99% Escalator $13,675.89
• Direct Purchase and CT Solar Loan savings are over 25 years
• CT Solar Lease savings are over 20 years
Direct
Purchase
CT Solar
Loan
CT Solar
Lease
- Non-es
calati
ng
CT Solar
Lease
- 2.99% Es
calato
r$0.00
$5,000.00
$10,000.00
$15,000.00
$20,000.00
$25,000.00
$30,000.00
$35,000.00
$40,000.00
Total Savings
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Tier 13 Homes
$4.19/watt1kW – 25kW
Tier 24 - 8 Homes$4.16/watt25kW – 50kW
Tier 39 - 22 Homes$4.08/watt
50kW – 150kW
Tier 423 - 35 Homes
$4.01/watt150kW – 250kW
Tier 536+ Homes$3.98/watt
250kW +
Market Tier 1 Tier 3 Tier 5Price $31,360 $29,330 $28,560 $27,860
Cost per Watt $4.48 $4.19 $4.08 $3.98CEFIA Incentive ($7,225) ($7,225) ($7,225) ($7,225)
Federal Tax Credit ($7,240.50) ($6,631.50) ($6,400.50) ($6,190.50)Your Net Price $16,894.50 $15,473.50 $14,934.50 $14,444.50
SOLARIZE PRICINGTiered Approach – 7 kW System Size
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ADDITIONAL SERVICES
Emergency Battery Back-up Power
• Emergency back-up power to keep your lights on & your family safe during a blackout
• Your solar system charges the batteries for use when the electrical grid is down
• 100% CLEAN energy- ZERO emissions• Completely silent- no motors or moving parts
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FAQ
1. Do my solar panels produce energy when the grid goes down?
2. Do my solar panels only produce energy when the sun is out?
3. What maintenance is recommended?
4. Will a solar installation increase the value of my home?
5. Will installing solar increase my property taxes?
6. Does homeowner's insurance cover my solar system?
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