Residential Solar Presentation

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1. “Smart Solutions For A Green Tomorrow” 2. NASA- 36 KW photovoltaic Fakhoury- 25 KW photovoltaic U.S. Coast Guard- Solar Thermal Kenyon- 26 KW photovoltaic 3. When…
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  • 1. “Smart Solutions For A Green Tomorrow”
  • 2. NASA- 36 KW photovoltaic Fakhoury- 25 KW photovoltaic U.S. Coast Guard- Solar Thermal Kenyon- 26 KW photovoltaic
  • 3. When sunlight is absorbed by these semiconducting materials, the solar energy knocks electrons loose from their atoms, allowing the electrons to flow through the material to produce electricity. Solar cells are made of silicon, the second most common element, exceeded only by oxygen. This process of converting light (photons) to electricity (voltage) is called the photovoltaic (PV) effect.
  • 4. Map courtesy of National Renewable Energy Laboratory, U.S. Department of Energy
  • 5. The vast majority of households in the U.S. receive 100% of their energy from the grid. Over 70% of all electricity in the grid is supplied from power plants burning fossil fuels like coal, gas, and oil. The U.S. currently ranks 2nd in coal consumption at over 500 million tons a year. 41% 6%20% 15% 16% Coal Oil Gas Nuclear Hydro Other
  • 6. Every time you switch on your computer, washing machine, TV, or toaster, pollution is being created somewhere at the other end of the wire. This pollution has far-ranging consequences and contributes to poor air quality and climate change. Energy Information Administration 2009 International Energy Outlook
  • 7. •With solar, there's no fuel to mine. •No mechanics, noise or moving parts. •No power stations and long-distance transmission. Solar energy is local, clean, and efficient.
  • 8. System Size 2,500 Watts 5,000 Watts 7,500 Watts 10,000 Watts 12,500 Watts Cost $20,000 $40,000 $60,000 $80,000 $100,000 30% Tax Credit -6,000 -12,000 -18,000 -24,000 -30,000 TVA GPS -1,000 -1,000 -1,000 -1,000 -1,000 Total $13,000 $27,000 $41,000 $55,000 $69,000
  • 9. 30% Federal Tax Credit TVA Green Power Switch
  • 10. Before 2009, the tax credit for installing a qualified solar system was limited to $2000. But now there is no limit. The credit is good for 30% of the system cost, after rebates. This tax credit is more powerful than a tax deduction. A deduction simply reduces your taxable income, while the credit reduces your tax bill directly. In plain English, a $10,000 tax credit reduces your taxes by $10,000. A tax deduction reduces it by only $1500 to $3500, depending on which tax bracket you're in. How the program works:
  • 11. How the program works:  A solar system is installed by a residential customer served by the TVA.  TVA will purchase all of the green energy produced at 12 cents per kilowatt-hour above the retail rate AND any fuel cost adjustments.  All new Generation Partners participants will receive a $1,000 incentive to help offset start-up costs.  The customer is guaranteed payments for 10 years from the start of the agreement.
  • 12. For You • Lower utility bills • Stable energy costs • Increased property value • Smaller carbon footprint • Setting a “green” example • Tax Shelter For Environment • Pollution free power • No greenhouse gases • No noise pollution • No mining or drilling • Less reliance on fossil/foreign fuels
  • 13. •Price – competitive pricing through mass purchasing power. •Service – we’re not satisfied until you’re satisfied. •Quality – we treat your home as if it were our own.
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