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Save money using solar power - Enact Systems

Going solar can save you a lot of money. But total savings on solar projects depend on a lot of factors including the cost of panels, the rate of electricity, solar irradiance, government subsidy, and miscellaneous costs. Factoring in all the variables accurate solar savings can be calculated. Read on to know how.

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Save money using solar power - Enact Systems

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  1. Save Money Using Solar Power Optimize Savings

  2. Background • Big companies and industries spend a lot of money on their energy bills • Hotels spend $2,196 on average per room anually on bill alone • Most small and medium business consume anywhere between 15,000 - 50,000 kWh anually with an average billing of $5,000

  3. Factors affecting savings from Solar Project • Current electricity bill • Government subsidy • Sunlight exposure • Cost and efficiency of panels • Your energy requirement

  4. Electricity rates • Electricity rates vary from state to state and country to country • Average price of electricity in USA: 13.15 cents per kWh • Highest: Hawaii (32.7 cents/kWh) • Lowest: Louisiana (9.53 cents/kWh) • Electricity prices in India: Rs. 3.16/kWh - Rs. 8.79 kWh • Higher the electricity cost, higher the savings from going solar

  5. Sunlight Exposure • Solar irriadiance also affects savings from going solar • Although Louisiana has lower rate of electricity, it has the best sun exposure in USA

  6. Government Subsidy • Government subsidy reduces the amount of investment required for solar projects • Cost of solar project can be reduced by 70-75% in the US • Commercial business that invest in solar energy can gain Investment Tax Credit of 30% • Companies can also qualify for a 50% depreciation bonus for equipment placed in service before January 1, 2018

  7. Calculating savings from solar • Consider all factors mentioned in previous slide • Calculate the cost of using electricity from grid • Compare against cost of electricity from going solar • Factor in the depreciation costs and other maintenance, installation, and miscellaneous costs

  8. The Enact Advantage Calculating savings from Solar Projects can get complicated. Contact Enact Systems today to manage your end-to-end solar project.

  9. Thank You Enact Systems http://enact-systems.com/

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