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Atlanta Sustainable Community:Solar: The Economics and Benefits or Renewable Power!!
Corona Solar Group:
• 40 Combined years of Experience in Residential & Commercial Electrical Installations.
• Full Service Turn Key Solar Power Developer• Commercial & Residential Installer• Professional Engineering Design Build • Fully Licensed & Insured
• Based in Canton, GA• Made in the USA: Products & Services• NABCEP Solar PV Installer (PV-101913-001737)
• http://www.nabcep.org/installer-locator?state=GA• Veteran Owned and Operated• Company Consultant for New Energy Technologies
• Designed fist OPV SolarWindowTM
Corona Solar Group, LLC:
What is Solar Power ?:• Solar Power is “Pure Energy”:
• The sun produces enough energy each day to fully power the entire globe for one year. (Given for FREE)
• Power from the sun (Electromagnetism), is freely given off from the sun at 1000watts/m2.
• Solar power is energy derived from a device that converts sunlight directly into electricity by the photovoltaic effect.
• The photovoltaic effect is the effect that sunlight has on a semiconductor material. When Light strikes a semiconductor, with sufficient power it excites' electron’s to move from one place to another. The design of a module is such that the electron is guided to a specific route (current), and this current can be used as electricity.
• The US currently consumes 4.0 Trillion kWh per year.• Today solar only comprises only .126% of the total energy production in the
United States, but is growing at a staggering rate!
Everywhere except Alaska is better than Germany, and they have 48%
of the Market.
Solar Systems: Locations
A solar powered home that is tied to the grid will make power in the day, store some power (batteries) and sent to the grid what is not used. This is tracked by power meters that keep up with what is used, and what is generated. If more is generated than used it is positive cash flow.
If a home, or building is rurally located there may not be power to tie into. This system will be much more dependant on storage (Batteries) for night use that grid tied systems. With this type of system what your make during the day, is what you can use at night. So battery integration is key to this type of system. See a depiction following.
Solar Systems: Connections
2008 2009 2010 2011 2012 2013 2014 2015 2016 0.50
1.00
1.50
2.00
2.50
3.00%
3.50%
4.00%
4.50%
5.00%
5.50%
6.00%
C-Si Module Cost & Price
Cost
Price
% Glass
Year
$/W
att
% o
f G
lass
in
Mo
du
le
The cost per module has dropped dramatically. Directly influencing Installed cost.
Cost & Utilities: Module Cost
$0.05
$0.15
$0.25
$0.35
$0.45
$0.55
$0.65
3 year Historical Rate
Estimated Rate
Current Rate
PV 25 year rate
Tennessee Utility Rate Projection
*Data from U.S. Energy Information Administration www.eia.gov
0.05
0.06
0.07
0.08
0.0900000000000001
0.1
0.11
0.12
Actual Rate
• At current growth rates, utility rates will double in ten years.
• If power rate’s stay on the same course, power rates will go up 631% between now and 2035.
Actual Tennessee Utility Rate
• Real rate increases over the last 20 Years.
Cost & Utilities: Utilities Cost
• Solar Power is dramatically cheaper than utility power.• Power typically is 80% of the cost of all utilities paid by the
homeowner.• The average homeowner will pay from 80,000 to 100,000 in
power bill’s over 25 years, adjusted for increases (5%/Year).• The money paid to utility power is an EXPENSE. Money that
does not go for your use. Money down the drain.• The power utility bill has gone up 5% each and every year for
the last 20 years. Every 10 years utility power will DOUBLE.• You WILL pay the money either to the Utility or to the
Government. OR YOU CAN PAY YOURSELF!!!
Cost & Utilities: Utilities Cost
• Georgia's weather, and amount of sun make the financial benefits of solar and excellent financial investment.
• Residential Home Prices are coming up!• Homeowners are looking to increase the value of their home,
while improving the sell ability of existing properties.• Solar Powered homes sales time on market is 30% of the Non-
Solar Home.• Solar System as an asset can be wrapped in to the mortgage.• Solar system increase the value of the home by a factor of 1.2
Georgia Market:
• Solar power systems are an asset that holds value. • Assets can be depreciated (An economic benefit to corp.)• Savings of up to 90% on the cost of power over 25 years• Power cost will never go up, but GO AWAY forever.• You can sell back unused power to the utility.• The power is warrantied for 25 Years. Module life goes on
after that. Modules are still working deployed in the 60’s• A PV Powered home is 3 to 1 more likely to sell reducing
time on market, and associated fees and cost.
Solar Financial Perspectives:
• Federal:• Residential Renewable Energy Tax Credit: 30% of System Cost• Modified Accelerated Cost Recovery System (MARCS) (Corp.
Incentive)• Tax Credit on Depreciation of system (up to 28%)
• State:• 35% of the cost of the system in form of a Tax Credit
• Utility• Cobb EMC/Greystone/Walton EMC/ Diverse Power/Georgia
Power/Sawnee EMC/TVA• Incentives range for 300 to 450 per kw up to 10kw for
some. Possible: 3000 to 4000 dollars off system.
• Summary:• It is possible to have 65% to 82% of the cost
OFFSET!
Solar Incentives:
• Cash Payment:• Best Rate of Return!• Best return on Investment!
• Bank Financing: Solar Plus Loan• Admiral Bank:• No equity or appraisal• Low fixed rates• Interest is tax deducible• Step Down Loan based upon 30% Federal Subsidy• Lowest monthly cost!!!
Financing:
Suniva Mono 270WSilver Frame
SMA Sunny Boy8000-TL US
Outback GS 8048Grid/Hybrid Inverter
Sola Deck RoofCombiner Box
Iron RidgeRacking
MK Deka 8L16370Ah Battery
Solar Systems: Equipment
SECO Tool’s: 36kWPole Mount Array
Sharp Manufacturing: 89.6kWBallasted Roof Mount
AGC Kingsport: 36kWPole Mount Array
Residential Home: North Carolina 5kW
Solar Project’s:
9.0kW Commercial ArrayHolly Springs, GA 30114
No Hanging Wires! SMA Sunny Boy 8000& AC/DC Cutoff Switch
Happy Owner!
Gallery: Commercial & Residential
6.480kW Residential ArrayCherry Log, GA 30522
No Hanging Wires! Outback Auto Transformer 120v to 240V
Outback VFX 3648120v Battery Inverter
Gallery: Commercial & Residential
SECO Tool’s: 36kWPole Mount Array
6.480 kW Off GridWaleska, Ga
External Wire Mount to Internal Inverter.
Outback Radian GS 8048
Gallery: Commercial & Residential
$500.00 off Any NEW
Photovoltaic System Install
Corona Solar Group, LLC will give the prospective homeowner $500.00 off the cost of a residential solar install. The value of the coupon shall be realized on contract signing.Limit one (1) coupon per contract. Cannot be combined with any other offer. Coupon must be present at time of contract.
Coupon’s: New Photovoltaic Systems
