Solarize Weston Presentation

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Solarize Weston is a unique discount buying program that uses a tiered-pricing structure, town-supported education and outreach and one competitively selected installer to dramatically reduce the cost of solar. The more residents sign up for Solarize, the more the cost comes down. All contracts must be signed by October 7 to participate.

Transcript of Solarize Weston Presentation

  • 1. CONFIDENTIAL & PROPRIETARY Renewable Resources Energy Solutions, Inc.

2. CONFIDENTIAL & PROPRIETARY Renewable Resources Energy Solutions, Inc. OUR COMMITMENTSolarizeWeston 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 3. CONFIDENTIAL & PROPRIETARY Renewable Resources Energy Solutions, Inc. 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? 4. CONFIDENTIAL & PROPRIETARY Renewable Resources Energy Solutions, Inc. 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 $0.0800 $0.1000 $0.1200 $0.1400 $0.1600 $0.1800 $0.2000 $0.2200 Cost of Electricity $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 5. CONFIDENTIAL & PROPRIETARY Renewable Resources Energy Solutions, Inc. ENVIRONMENTAL Impact 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 CO emissions from 311 barrels of oil consumed CO emissions from 15,016 gallons of gasoline consumed Source: Environmental Protection Agency This system will offset: 6. CONFIDENTIAL & PROPRIETARY Renewable Resources Energy Solutions, Inc. When determining a homes suitability for solar one must consider: HOW SOLAR WORKSIs My Home A Good Solar Candidate? 270W 90E Azimuth Pitch Available roof space Shading issues 7. CONFIDENTIAL & PROPRIETARY Renewable Resources Energy Solutions, Inc. HOW SOLAR WORKSSolar 101 1. Panels 2. Microinverters 3. PV Production Meter 4. Disconnect 5. Electrical Panel 6. Home Power /Appliances 7. Utility Meter 8. Utility Distribution 8. CONFIDENTIAL & PROPRIETARY Renewable Resources Energy Solutions, Inc. HOW SOLAR WORKSStep 1 - Flashing 9. CONFIDENTIAL & PROPRIETARY Renewable Resources Energy Solutions, Inc. HOW SOLAR WORKSStep 2 - Rails 10. CONFIDENTIAL & PROPRIETARY Renewable Resources Energy Solutions, Inc. HOW SOLAR WORKSStep 3 - Microinverters 11. CONFIDENTIAL & PROPRIETARY Renewable Resources Energy Solutions, Inc. HOW SOLAR WORKSStep 4 - Panels 12. CONFIDENTIAL & PROPRIETARY Renewable Resources Energy Solutions, Inc. HOW SOLAR WORKSStep 5 Electrical Connections 13. CONFIDENTIAL & PROPRIETARY Renewable Resources Energy Solutions, Inc. SOLAR PRODUCTION Estimated 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 Watts Powerclerk Production: 6,278 kWh (Year One) System Size: 3,430 Watts Powerclerk Production: 3,134 kWh (Year One) 0 100 200 300 400 500 600 0 100 200 300 400 500 600 700 800 0 100 200 300 400 500 600 700 800 900 Estimated Per Powerclerk Actual 14. CONFIDENTIAL & PROPRIETARY Renewable Resources Energy Solutions, Inc. 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 StartTo Finish Typically takes approximately 90 days Permits System design 15. CONFIDENTIAL & PROPRIETARY Renewable Resources Energy Solutions, Inc. If my roof is not suitable, do I have other solar options? HOW SOLAR WORKSGround Mount 16. CONFIDENTIAL & PROPRIETARY Renewable Resources Energy Solutions, Inc. SOLARIZE PRICING Available Incentives CEFIA Rebate Rebate amount is based on the solar systems 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 17. CONFIDENTIAL & PROPRIETARY Renewable Resources Energy Solutions, Inc. PURCHASE OR LEASE Options 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 18. CONFIDENTIAL & PROPRIETARY Renewable Resources Energy Solutions, Inc. PURCHASE OR LEASE Total Savings Snapshot Assumptions System size: 7 kW Utility cost of electricity: $0.19/kWh Annual increase from utility: 3% Total Savings Direct Purchase $38,934.94 CT Solar Loan $26,252.98 CT Solar Lease - Non-escalating $15,936.21 CT 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 $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 19. CONFIDENTIAL & PROPRIETARY Renewable Resources Energy Solutions, Inc. Tier 1 3 Homes $4.19/watt 1kW 25kW Tier 2 4 - 8 Homes $4.16/watt 25kW 50kW Tier 3 9 - 22 Homes $4.08/watt 50kW 150kW Tier 4 23 - 35 Homes $4.01/watt 150kW 250kW Tier 5 36+ Homes $3.98/watt 250kW + Market Tier 1 Tier 3 Tier 5 Price $31,360 $29,330 $28,560 $27,860 Cost per Watt $4.48 $4.19 $4.08 $3.98 CEFIA 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 20. CONFIDENTIAL & PROPRIETARY Renewable Resources Energy Solutions, Inc. 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 21. CONFIDENTIAL & PROPRIETARY Renewable Resources Energy Solutions, Inc. 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? 22. CONFIDENTIAL & PROPRIETARY Renewable Resources Energy Solutions, Inc.