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| Strategies
for Financing a Renewable Energy Project. |
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After identifying your goals
for a solar installation, whether PV or Solar Thermal, grid tied or to
go totally "off the grid", the size of the required system can be
calculated and cost determined. Financing can utilize several
opportunities such as:
- Federal Tax Credits
- State Tax Credits
- RECs
- Generation Benefits from
Utility
When coupled with energy efficient financing or as part of a home
mortgage, a positive cash flow can be immediately realized, and the
completed installation increases the appraised value based on the
savings benefit created by the production of solar power. Each type of
R.E. project has its benefits & strategies for financing. Give
us a call and we assist in determining the sizing of your system, and
methods of financing your project . |
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| Renewable
Energy Consulting |
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At
Ecoefficient, Inc. we recognize that the sustainabilty of any choice is
dependent on the return on investment of that choice. In assisting
clients with their renewable energy choices, we hope to both facilitate
the use of renewable energy, and provide for our clients the guidance
that will maximize the benefit of the funds invested in those
technologies.
We have experience in delivering these technologies to local
corporations and businesses. We would enjoy the opportunity to review
your current energy requirements, and to assist in making renewable
energy technologies such as solar photo voltaics (PV), solar thermal,
and wind technologies part of your energy profile for the future. |
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| Solar
Photovoltaics |
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Solar
Thermal |
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| Passive
Solar and ZEH Design |
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Water
Resource Development and Sustainable Site Design |
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| Which
type of solar project would give the best return? |
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| It is generally accepted that
solar thermal systems have the shortest payback periods, and the
benefit of actually saving money on energy costs would be realized at
an earlier date. This may be revised in favor of PV systems if
substantial tax incentives, green tags, and special financing can be
leveraged to finance the PV installation. |
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| Is
going "Off the Grid" the only option for a solar installation? |
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| No. Grid Tied Inverters have
been developed to integrate solar installations into the local power
grid. This allows for the power produced by the solar PV system to be
sold to the utility, often at a higher rate per kilowatt hour. This is
the principle behind a Zero Energy House, where the house produces more
energy than it uses. |
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| We
would like to use solar as our primary source of energy. What do we
need to do to prepare for the switch? |
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| It is best to maximize a
building's efficiency and to streamline your energy usage to
determining your solar energy system requirements. Funds spent on
energy efficiency will also pay a return on investment that can be
utilized to facilitate future energy retrofit projects. Give us a call
to set up a solar assessment, and to discuss system options and
requirements to meet your alternative energy needs. |
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| For
renewable energy to be effective, building efficiencies should be
implemented prior to the installation of these new technologies. To
learn more about planning an energy retrofit, check out Collin Tomb's
"The Custom Fit Retrofit" in Sept.09's Solar Today |
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| www.ecoefficient.us.com |
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