Solarize Essex 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 September 23 to participate.
2. About Sunlight Solar Energy
• One of the leading design and installation companies in the
United States
• Founded in 1988 by Paul Israel in Sacramento, California
• One of the original approved contractors through the Clean
Energy Finance and Investment Authority
• Completed over 700 solar installations in Connecticut alone
• Located in New Haven
3. Solar Market Today
More solar power capacity added in US in 2013 than
any energy source other than natural gas
4. Why Solar Growing So Fast
Pricing has declined
Module pricing dropped 80% since 2008
Electric Rates are Expensive
CL&P just increased generation cost by 21%
CT one of the most expensive states for electricity
State and Federal Incentive for Homeowner
CEFIA rebates cover on average 20-30% of system cost
Federal Tax Credit 0f 30% of net system cost
6. Why Solar?
• Lower your electric bill and insulate yourself
from CL&P rate increases
$0
$500
$1,000
$1,500
$2,000
$2,500
$3,000
Yr 1 Yr 2 Yr 3 Yr 4 Yr 5 Yr 6 Yr 7 Yr 8 Yr 9 Yr 10 Yr 11 Yr 12 Yr 13 Yr 14 Yr 15 Yr 16 Yr 17 Yr 18 Yr 19 Yr 20
Current Electric
Trajectory
CT Solar Lease
CT Solar Loan
Assumptions:
7 kW system atTier 5 pricing
First year electric production: 8,400 kWh
CL&P electric rate of $0.16/kWh with estimated 3% annual increase in
utility rates. Individual utility rates will vary.
12. How Solar Works
Balance of System
Unirac Racking with Eco Fasten Flashing
Conduit and wiring to connect panels on
roof to inverter in basement
13. What Makes a Site Solar-Friendly
If you have a roof that has…
- Little to no shade throughout the majority of the day
- A southern face (or some degree of southern orientation)
- An eastern or western roof with no shade
- A moderately steep pitch (25 - 45 )
- Few or no obstructions (vents, skylights, opposing roof lines…)
South
14. Incentives
• Clean Energy Finance & Investment Authority (CEFIA)
Rebate
• $1.25/watt up to 5 kW
• $0.75/watt from 5-10 kW
• Below 87% design factor, de-rated according to site conditions
• FederalTax Credit
• 30% of project costs net of rebate
15. Solarize Tiered Pricing
Tier 1
1-25 kW (~4 systems)
Tier 2
>25-50 kW (~7
systems)
Tier 3
>50-150 kW (~21
systems)
Tier 4
>150-250 kW (~36
systems)
Tier 5
>250 kW (~37+
systems)
$3.79
per watt
$3.74
per watt
$3.60
per watt
$3.59
per watt
$3.45
per watt
• Approximately 30-40 systems required to reach Tier 5
16. Purchase Example
Market System Cost: $31,360
Market Net Investment: $16,859
Solarize System Cost: $24,150
CEFIA Rebate: $7,225
Out of Pocket Investment: $16,925
Assumptions:
7 kW system atTier 5 pricing
First year electric production: 8,400 kWh
CL&P electric rate of $0.16/kWh with estimated 3% annual increase in utility
rates. Individual utility rates will vary.
Out of Pocket Investment: $16,925
30% FederalTax Credit: $5,077
Solarize Final Investment: $11,848
Years to Payback: 7-8
CL&P First Year Annual Savings: $1,344
17. Financing
• CT Solar Lease
• No money down in most cases
• 20-year lease
• Cash flow positive from day one
• CT Solar Loan
• Low money down and low monthly payments
• 15-year term
• Own your system
• Smart-E Loan
• 5, 7, 10, and 12-year terms
• Eligible upgrades include solar, energy efficiency, and other energy-related upgrades
18. Financing Examples
CT Solar Loan
Money Down: $899
Initial Monthly Payment: $140
Continuing Monthly Payment: $93
Smart-E Loan (12 years)
Money Down: $0
Monthly Payment: $172
CT Solar Lease
Money Down: $0
FirstYear Monthly Payment (Escalating): $71
Fixed Monthly Payment (Non-Escalating): $88
Assumptions:
7 kW system at Tier 5 pricing
CT Solar Loan continuing payments assume full ITC used to pay down loan
Smart-E Loan term of 12 years
First year electric production: 8,400 kWh
20. Common Solarize Adders
Ground or pole mounts
All Black Panels
Flat roof installation
Structural reinforcement of roof
Service upgrade
Micro-inverters/Power Optimizers
High efficiency solar panels
21. Solar Installation Process
Initial inquiry and assessment via satellite image
On-site evaluation and proposal
22. Solar Installation Process
Contract signed
Schedule your Energy Audit
CEFIA rebate application
CL&P Interconnection Application
Order Material
Permit fromTown
25. How to Get Started
Visit: www.solarizect.com/Essex to learn more about the Solarize
program
Call Sunlight Solar Energy: (203) 878-9123 or visit our website
www.sunlightsolar.com
Ask us if your home is a viable candidate for solar
Schedule a free site evaluation
Receive your custom proposal
Start saving money!
DEADLINE: SEPTEMBER 23, 2014