27th Pacific Islands Environmental Conference 2013
Pacific Solar & Photovoltaics • 1st to do net metering with GPA • All products used are made in USA • Designed our own Metgot rails for mounting • 1st PPA on Guam • Largest privately owned PV system on Guam
Table of Contents • What is a grid-tied photovoltaic system? • What is net metering? • What system size is needed? • What does a PV system cost? • How to afford a PV system? • Why make the investment? • Questions?
What is a grid-tied Photovoltaic system?
What is net metering? • Net metering is an interconnection agreement with the utility to allow grid-tied PV systems to connect into utility's grid and feed power in and only pay for net consumption.
What system size is needed? • Build a system to offset your usage with your goals in mind
YEAR
GPA RATE
YEAR
GPA RATE
GPA RATE $1.2000
2009
$
0.2206
2022
$
0.5308
2010
$
0.2216
2023
$
0.5627
2011
$
0.2507
2024
$
0.5964
2012
$
0.2822
2025
$
0.6322
2013
$
0.3142
2026
$
0.6702
2014
$
0.3331
2027
$
0.7104
2015
$
0.3530
2028
$
0.7530
2016
$
0.3742
2029
$
0.7982
2017
$
0.3967
2030
$
0.8461
2018
$
0.4205
2031
$
0.8968
2019
$
0.4457
2032
$
0.9506
2020
$
0.4724
2033
$
1.0077
2021
$
0.5008
2034
$
1.0681
$1.0000 $0.8000 $0.6000
GPA RATE
$0.4000 $0.2000
20 33
9
7
20 31
20 2
20 2
3
1
20 25
20 2
20 2
20 19
5
3
20 17
20 1
20 1
9 20 0
20 11
$-
GPA per kWh rate has historically gone up 6% per year!
What does a PV system cost? Scenario
• 1000kWh per month • Current GPA rate per kWh is $0.3142 • Monthly bill is $314.20 $31,000.00
How to afford a PV system? Scenario 1
• $31,000 investment • Savings from power bill $314.20 • Tax credit of $9,300 –
IRS Form 5695 Residential Energy Credits
• 69 months to payback $21,700
How to afford a PV system? Scenario 2
• Finance $31,000 with a bank • Monthly payments $628.57(8%APR, 5yr term) • Savings $314.20(power bill) + $155.00(tax credit) = $469.20
• Monthly investment $159.37
How to afford a PV system? Scenario – commercial
• Tax credit –
IRS Form 5695 Residential Energy Credits
• Accelerated depreciation of the equipment • Return in investment in 4 – 5yrs
How to afford a PV system? Effects on your cash flow $20,000.00 $10,000.00 $1 $(10,000.00) $(20,000.00) $(30,000.00) $(40,000.00) $(50,000.00)
3
5
7
9
11
13
15
17
19
21
23
25
PV CASH PV FINANCE PV COMMERCIAL GPA EXPENSE
Why make the investment? • Fix your monthly power bill • Increase value on your home • No longer pay anyone for power! • Be environmental conscious
Why buy a car when you can buy a PV system?! Car
vs.
• Car payments on top of power bill • Cost you money on the 1st day • Car will depreciate about 78%* within the 5yr period *
PV system • Monthly investment • Saves you money in the long term • PV system increases in value by 30% within the 5yr period
http://www.free-online-calculator-use.com/car-depreciation-calculator.html
Cost of Operation Car •
•
• •
vs.
Maintenance – Oil change every 3 months at $25 each • $100 per year Fuel – Weekly at $40 • $2,080 per year Tires, set of 4 – 1.5yrs at $600 Insurance – $1,300 per year
PV system • Maintenance – Cleaning, voltage check, etc • $25.83 per month • $310 per year • Insurance – $38.49 per month – $461.90 per year
Cost of Operation Car
• Total – $3,780 per year – 5yrs = $18,900
vs.
PV system
• Total – $771.90 per year – 5yrs = $3,859.50
What’s New • Industry growth • Industry organization • Policies from senators • • • •
Affordable Consistent Safe & reliable Job growth
QUESTIONS?
Scott Hagen scott.hagen@pacificsolarguam.com
Tommy Blas tblas@pacificsolarguam.com 389 Acho Latte St., Dededo, Guam 96929 632-4002