1 / 22

You Can Make a Positive Return by Investing in Residential Solar Systems: An Arizona Case Study

David Allen Chelsea Ann Atwater and Dean Howard Smith. You Can Make a Positive Return by Investing in Residential Solar Systems: An Arizona Case Study. Investing in Your Future: Is a Solar Panel a Worthwhile Investment? Crystal Ballentine Nicholas Ratliff Dean Howard Smith NO.

tyme
Download Presentation

You Can Make a Positive Return by Investing in Residential Solar Systems: An Arizona Case Study

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. David Allen Chelsea Ann Atwater and Dean Howard Smith You Can Make a Positive Return by Investing in Residential Solar Systems: An Arizona Case Study

  2. Investing in Your Future: Is a Solar Panel a Worthwhile Investment? Crystal Ballentine Nicholas Ratliff Dean Howard Smith NO Previous Versions: 2002

  3. Investing in Your Future:With Current Arizona Policy a Solar Panelis an Unlikely Investment? Crystal Ballentine Kayla Priest Nicholas Ratliff Dean Howard Smith Early 2005

  4. A good deal Sunset 1/1/08 No federal policy in 2008 Gary Tallman and Dean Smith 2005 Energy Bill

  5. Bud Annan Sean Seitz Health Symonds Kris Mayes Bruce Johnson Tom Acker Earl Duque Susan Williams Jason Campbell Thanks to

  6. http://www.dsireusa.org/index.cfm An amazing database Created in 1988, the North Carolina Solar Center serves as a clearinghouse for solar and other renewable energy programs, information, research, technical assistance, and training for the citizens of North Carolina and beyond. Database of State Incentives for Renewable Energy

  7. http://www.energy.gov/taxbreaks.htm installing residential photovoltaic upgrade thermostats, to caulk leaks, or to stop energy waste. Consumers can receive up to $200 credit for installation of new exterior windows. http://www.energystar.gov/index.cfm?c=products.pr_tax_credits Dept Of Energy: Handout

  8. 2912 watts (almost 3kW) $22,393 installed Local contractor and employees Visit the Arizona Solar Center http://www.azsolarcenter.com/ My Rooftop System

  9. Buying the System 2009 Regulations

  10. This “should” result in an increase in the value of the property. • No, I didn’t have the house reappraised in case it actually went down! • Add 11% • Lose 40% • Yuck Investing in Your Home

  11. August 2007-October 2008 14 months 6100 kilowatt hours produced 436 kWh/month on average Variable APS costs 11.269 cents/kWh $49.13/month savings $590 savings per year Production History

  12. Out of Pocket $6,239 PV of savings $7,864 NPV is POSITIVE Assume 25 years, 5.7% discount rate* 25 year life: NPV is $1,625 Net Present Value * MarketWatch average US mortgage, January 25, 2009

  13. Simple Payback Period of $590/year • 10.6 years • FREE electricity thereafter • Internal Rate of Return • IRR is 8.26% • How did your retirement accounts do last year? Other Investment Calculations

  14. Environmental issues 135 tons of CO2 avoided Equivalent to 13,500 gallons of gasoline

  15. Increasing APS Bills

  16. Varying Interest Rates

  17. Find a supplier: AZ Solar Center http://www.azsolarcenter.com/index.html Negotiate a contract Negotiate with APS http://www.aps.com/my_community/Solar/solar_35.html Install Steps

  18. Energy Efficiency The Smith House 1995-2009

  19. Cutting Average Monthly Bills

  20. Obviously the information in the Arizona case is useful. • Make the paper available via the FCB working paper series • Make the paper available via the SES web site • Share the paper with the Arizona Solar Center and the industry • Allow the Arizona industry to use the literature to attract customers Sustainable Energy Solutions center for Excellence

  21. http://www.aps.com/main/green/choice/choice_7.html Check out the solar only option! APS Options

  22. David… Home Demonstration Software Working with local company SES Software development

More Related