Your local solar company with a national presence

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Presentation transcript:

Your local solar company with a national presence Solarize Granby Solar Workshop April 5, 2017

Outline About RGS Energy How Solar Works Net Metering Understanding your electricity bill What makes a good site Orientation Solar access Solar Incentives – State and Federal Purchase vs. Loan Dividend CT Green Bank Sample savings plan Community Solarize Programs are great opportunities

About RGS Energy RGS Energy is a nationwide leader of turnkey solar energy solutions for residential and small commercial customers We have installed 25,000+ solar energy systems, totaling more than 260 megawatts of clean energy, since 1978 Majority of materials are compliant with American Recovery and Reinvestment Act and newest electrical codes Our East Coast solar history dates back to 1981 with the founding of SolarWrights 10,000 SqFt warehouse in Bloomfield, CT serving as our East Coast Headquarters The East Coast makes up the majority of our business Corporate HQ in Denver, Colorado, with ~170 employees across the U.S. 3

We Know How to Install Solar 39 Years in Sustainability Safety and quality are core values OSHA certified Hire Licensed electricians NABCEP certifications Hold all general contractor licenses We offer Top tier manufacturers 25 Year equipment warrantees 10 and 20 year workmanship warranty

Our Turnkey Customer Solar Solution: Designed for energy savings RGS Customer System Design Construction Planning Customer Financing Assistance Installation Utility Interconnection Warranty & Service

How Solar Works A solar system at work Turning the Sun’s Energy Into Usable Power Change to micro inverter system?

What is Net Metering Net Metering: surplus power produced from your home’s solar system is transferred to the utility grid, offsetting the cost of power later drawn from their utility. Essentially using the utility as “battery storage”

Rising Utility Rates State of CT residential rate tariffs have increased avg. of 5.7% annual escalation rate since 2001 Data Source: Energy Information Administration. “Electricity Data Browser” http://www.eia.gov/electricity/data/brower

Understanding your Electric Bill Utility charges = (#KWH x Gen.) + (#kWH x Del.) + Cust Srvc Chrg PRE solar charges Generation Srvc Chrg $0.00 Solar production eliminates Generation & Delivery charges, KWH credits Carry Fwd POST solar savings

What Makes a Good Solar Site Buildings with south-facing roofs are best - usually have more access to sunlight. However, roofs facing east or west can be used as well The location should be largely unshaded by trees or rooftop obstructions like chimneys. The roof should be in good condition and not in need of replacement in the near future.

Solar Incentives State Solar Incentives Federal Tax Credit From Connecticut Green Bank: $0.487 / watt < 10 kw system. $0.40 per watt > 10 kw - 20 kw. Systems with a calculated “design factor” greater than or equal to 75% will receive the full incentive amount. Systems with a calculated “design factor” less than 75% will receive an incentive discounted according to calculated design factor. A taxpayer may claim a credit of 30% of qualified expenditures for a system that serves a dwelling unit located in the United States that is owned and used as a residence. If the tax credit exceeds tax liability, the excess amount may be carried forward to the succeeding taxable year. We recommend consulting your tax professional to determine eligibility. Federal Tax Credit

Does Financing Make Sense For You? Cash Purchase Many customers choose to pay for their solar system with cash, but now there are many financing options available to make solar affordable. Dividend – EmpowerLoan The EmpowerLoan is a low-cost loan product that maximizes the financial benefits of our customers. The EmpowerLoan combines system performance guarantees with extended workmanship warrantees and cost savings with the financial upside of owning your system CT Green Bank – Smart-E Loan Provides a financing option through local banks and credit unions, with flexible terms that let you choose the repayment schedule that’s best for you. For a limited time, special smart energy bundles are available with rates as low as 2.99% for 10 years. This Smart-E bundle is for projects that combine solar with other energy efficiency projects for homes. The decision about how to finance your solar PV system depends on your particular financial goals. Because everyone’s goals are different, the “right” financing option is different for each person. They all make going solar easy and affordable

Sample Savings Plan

Sample Savings Plan (cont.)

Sample Savings Plan (cont.)

Installation Process - Assessment of energy usage and solar goals Phase 1 – Proposal to Sign-up - Assessment of energy usage and solar goals - Preliminary Site Assessment - Credit verification (if applicable) - Sign Solar Agreement Phase 2 – Sign-up to Installation - Full Site assessment - Final System Design - RGS applies for building permits and utility interconnection - Applications are reviewed & approved - Installation scheduled Phase 3 – Installation to PTO - System is installed and tested - City inspector signs off on system - Installer closes out installation paperwork - Utility grants final Permission to Operate (PTO) Phase 4 – Post PTO - System is turned on - Monitoring is set up - Warranty period begins

Community Solarize Programs A great opportunity Solarize CT offers homeowners: Community-selected, certified local solar installers that you can trust High quality equipment at reduced pricing Special community pricing Ownership model where you keep 30% federal tax credit and state rebate Town-supported outreach with local volunteers Insulation from ever-increasing energy costs Low risk, high rate of return on your investment Free, no-obligation solar site assessment

Solarize Granby Website solarizect.com/our-towns/granby/ Solarize Granby website, showing you: Advantages of solar power Advantages of Solarize CT Upcoming Solarize Events Frequently Asked Questions Personalized service; in-person and over the phone solar consultations Experienced on the ground sales professionals State of the art call center