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Why Choose Solar?

Why Choose Solar?. Solar costs are coming down Solar panels are getting better and better Electricity costs are rising Solar panels last +25 years. Pieces of a PV System. Extra Considerations Before Adding Solar PV to a Building.

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Why Choose Solar?

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  1. Why Choose Solar? • Solar costs are coming down • Solar panels are getting better and better • Electricity costs are rising • Solar panels last +25 years

  2. Pieces of a PV System

  3. Extra Considerations Before Adding Solar PV to a Building • How old is the roof? Move a solar array to install a new roof = $2,000 - $5,000 • Can the structure support the load? This includes snow loads and wind loading in addition to weight of the solar array. Structural engineering calculations = $1,000 - $2,000 • Can the existing electrical panel accept the new PV circuit? New panel = $500 - $1,000

  4. Assumptions for Financial Calculations • All numbers on the following two slides assume PV system is installed before 1/1/2012 to take advantage of special 100% first year depreciation for tax purposes. • Total rebate including “Made in Minnesota” credits are based on current rate filing by Xcel Energy with the PUC. • All numbers must be confirmed by your own tax consultant.

  5. 10kW system – Made in Minnesota Credits

  6. Don’t Forget Long Term Advantages to Solar PV! • At 3% annual increase in electricity rates, by year 25, you will be saving $0.203/kWh, or $2,073 annually. • Depending on your schedule of electricity use, you could save demand charges as well. • Increased property values. • Enhanced Company Image.

  7. Thank you. Brian Millberg, PE City of Minneapolis

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