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Solar Panel Pictures In Maui Hawaii

March 9th, 2010

Maui Solar Panels

I just got back from a very nice vacation in Maui Hawaii. It was very relaxing and a nice break from work. Lots of drinking by the pool and at the beach. We also went on lots of boat rides and got to see the whales up close which is always a highlight of the trip.

Day 8 Sunset Sail

On the last day I took a bunch of pictures of solar panels that I saw. Since the price of electricity is so expensive you see them almost everywhere. In fact any new construction out there requires them.

Maui Solar Panels

Most of the houses have two solar thermal panels on the roof for hot water. However there are still plenty of PV panels too.

Maui Solar Panels

Maui Solar Panels

Maui Boat Solar Panel

I bet this small panel on the boat is used to charge the battery on the boat.

Maui Solar Panels

Maui Solar Panels

Some pictures of wind turbines as well since Maui gets 10% of its energy from the turbines on the side of the mountain. I hear they plan on adding more to the mountain.

Maui Sea Aquarium Wind Turbines

These turbines at the Aquarium made a bit of noise.

Maui Wind Turbines

Here I am after getting totally wet after sailing on the America’s Cup sail boat.

Maui Day 4 Cheeseburger in Paradise

Post from: Dave Dugdale SolarDave.com I will be offering Solar Panel Diagrams soon.

A Picture of Dave Dugdale

Solar Panel Pictures In Maui Hawaii


Solar Financing Agreements - The Fine Print

March 9th, 2010

By Derek Girling,
HelioPower Solar Energy Consultant

The newest, most exciting trend in residential solar today is on the financing side. Leases and Power Purchase Agreements (PPA’s) make solar available to almost every homeowner. Radio airwaves are thick with companies pitching “No Money Down” or even “Cash Back” offers.

A well structured solar financing agreement should be a Win/Win/Win proposition – A win for the homeowner who gets the benefits of low cost green solar energy without the relatively large upfront investment, a win for the solar installer who grows their business with new customers, and a win for the solar financing partner whose investors generate a steady revenue stream for years to come.

But just like every other offer that may come your way, the devil is in the details!

Solar is a long-term investment and you should be careful to make sure that you’re negotiating the best agreement possible with a reputable, experienced installer. When evaluating a financing proposal from a company, there are several things you should consider when reviewing their agreement.

First, if you are serious about going solar, ask the solar company’s representative for a copy of their agreement. If they are reluctant to provide this to you prior to signing up, be wary. Some companies will not even send out a representative unless you’ve committed to them! Reputable companies are transparent with their agreements and terms and conditions. They’ll strive to make sure you’re comfortable with them before asking you to sign a contract.

Next, see if you can determine how much they are they charging for the system and how much the buyout is at the end of the agreement. Many companies make this information very difficult to discover! One well-known nationally advertised company charges as much as 30% more per Watt than most installers for similar systems. After 10-20 years of making your monthly payments, are they asking you to pay almost half the original cost to buyout the system? Are you responsible for paying to remove the system should you choose not to buy it? Add up the total of the payments and the buyout at the end and see if this seems reasonable.

Are the payments fixed or do they escalate? If it’s a PPA, then the payments should be fixed at a reasonable kilowatt hour (kWh) price for the life of the contract. If it’s a lease, the payments should escalate at a no more than a nominal rate (2.5 – 3%/year) to cover inflation. Anything more than that sounds like a low teaser payment to get you contracted followed by an increasing rate of return for the finance company.

Virtually all homeowners are installing their very first system and are not familiar with the technology. One of the benefits of a financing agreement can be freeing the homeowner from the responsibility of maintaining and insuring a system. Well-structured agreements place the responsibility for the system with the system owner (the financing company) and also guarantee the amount of energy the system should deliver. If the financing company owns the system, but you’re still responsible for the maintenance, walk away!

Speaking of maintenance, what provisions does the finance company make for funding the maintenance? The best agreements stipulate that an appropriate amount of money is held separately ensuring your system is maintained for the duration of the agreement. This also protects you in the event that the finance company is sold, goes bankrupt, or sells your contract to someone else. The best contracts make it impossible for a company to separate the revenue stream (your payments) from the responsibility of maintenance.

Lastly, what options are available to you to get out of the contract?  If you move before the term is up, can you easily and at no cost transfer the agreement to the new homeowner?  Can you buy the system for a reasonable price at anytime? Can you pre-pay your remaining payments at a discount reflecting the reduced time value of money?  Can you continue on a year-to-year basis without purchasing the system when the initial agreement expires?

Remember, a good, flexible and equitable agreement allows a homeowner to get the benefits of low cost green power now at a fair price from a reputable installer with several options to transfer, buyout, or purchase the system. Read the fine print, ask lots of questions and, most importantly, if the representative is pressuring you to sign something you don’t understand, find another company!

Contact Derek Girling at DGirling@HelioPower.com

Group urges Texas to promote more solar power use – Yahoo! News

March 9th, 2010

Group urges Texas to promote more solar power use – Yahoo! News

FARMERS BRANCH, Texas – With a surplus of both land and sunshine, Texas could easily be the nation’s leader in solar power generation but needs more help from state leaders, advocates said Wednesday.

A coalition of environmentalists, politicians and more than 80 businesses held events around the state to release a letter urging Gov. Rick Perry and the Texas Public Utility Commission to take more action promoting solar power use.

The group noted that Texas, which produces and refines a huge portion of the nation’s oil, already is home to many companies in the solar business as well as plenty of high-tech and energy industry expertise. So they say there’s no reason only 0.01 percent of the state’s power should come from the sun.

“We’re here today to call on Governor Perry to use his authority to make Texas go solar,” Environment Texas spokesman Sriram Madhusoodanan said at a 5,000-square-foot home in suburban Dallas that produces its own solar energy. “Right now is really the time for Texas to take the lead, to lead the world.”

Perry spokeswoman Allison Castle said the governor supports all sorts of alternative energy in Texas, which leads the nation in wind energy production. Three major solar projects are scheduled to begin this year, others are in development and 11 utility companies are already offering rebates for solar energy systems, she said.

“Texas is the very picture of a state aggressively seeking its future in alternative energy through incentives and innovation, not mandates and overreaching regulation,” Castle said.

Energy supply is a huge concern in Texas. The state is growing so fast that an estimated 2.2 million single-family homes are expected to be built between 2010 and 2030. Texas also has chronically dirty air, caused in part by numerous coal-fired power plants.

The PUC is considering a rule requiring electric companies to obtain 500 megawatts of electricity from solar energy and other emerging renewable technologies by the year 2015. That’s about the size of one coal-fired power plant.

The solar group, called the Go Solar Texas Coalition, wants the rule passed quickly and wants Perry to increase those numbers dramatically. It thinks Texas should push for 1,000 solar megawatts by 2015 and 5,000 by 2025.

The group also released a report proposing ways to add solar power, including more incentives for solar construction, loans to homeowners for solar panel installation, tax breaks for solar use, more rebates from electric companies and construction for solar tie-ins to new power transmission lines.

The report said Texas businesses are already positioned for a boom in solar power that would bring investment and high-paying jobs to the state. It urges quick action, considering two solar manufacturers already have left Texas for states that offer more incentives.

Jim Sargent, the builder of the “zero-energy” home in Farmers Branch, near Dallas, has built five such homes this year. He said increasing solar energy use can solve a lot of problems in the state.

“Solar is the one source of energy that can be productive on any rooftop in Texas,” he said. “The state has the raw material and resources to build this industry.”

Kevin Brooks of PPG Industries, which produces glass used on solar panels, said the bulk of his products get shipped out of the country, to be made into panels in places such as Spain, China and Greece where incentives are offered.

“It doesn’t have to be that way,” he said. “We want those jobs here, too.”

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Latest solar power for homes news – Latest Solar Power For Homes Auctions | My Efficient Planet

March 9th, 2010

Hey Readers! I’ve been comin across some crazy stuff the past few days from a few different blogs around the web which I just had to share with you. Check em out below…

Latest Solar Power For Homes Auctions | My Efficient Planet

Latest Solar Power For Homes Auctions. March 8th, 2010 by My Efficient Planet Leave a reply ». Solar Power Your Home For Dummies (For Dummies (Home &. US $18.38. End Date: Sunday Mar-14-2010 14:05:19 PDT Buy It Now for only: US $18.38 …

Wonderful Facts About How Solar Power Can Certainly Reduce Your …

Solar energy for houses is becoming much more well-liked each year. As the price of production decreases it's becoming an inexpensive alternative for numerous homeowners. The government increases this possibility with the tax rebates it …

Simple To Build House Solar Power And Just How To Convert It To …

Thus, we can conclude that solar power is the next best thing to having free of charge and green electricity. But we all know that to be able to rid our homes of the monthly electric bills and totally live off the grid, we should spend …

Hope you enjoy the read as much as I did and please if you have something to say, use the comments form below to let everyone know your thoughts.

Have a great day!

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Governor Rendell: New Solar Energy Investments to Help Businesses, Municipalities Conserve Energy, Cut Expenses – Yahoo! News

March 9th, 2010

Governor Rendell: New Solar Energy Investments to Help Businesses, Municipalities Conserve Energy, Cut Expenses – Yahoo! News

HARRISBURG, Pa., Feb. 22 –

HARRISBURG, Pa., Feb. 22 /PRNewswire-USNewswire/ — Pennsylvania is strengthening its position as a leader in solar energy with new investments of more than $5 million in 13 new projects, Governor Edward G. Rendell said today.

“We have made remarkable progress in making Pennsylvania a leader in renewable energy in a very short period of time,” said Governor Rendell. “We've invested nearly $1 billion in projects that put more than 8,300 people to work. And now, with the federal Recovery funds President Obama and Congress wisely dedicated to the renewable sector, we're able to achieve even more growth.”

The projects announced today, which will generate enough electricity to power approximately 500 homes, are benefitting from the $650 million Alternative Energy Investment Fund that Governor Rendell signed in 2008. They were approved for funding by the Commonwealth Financing Authority.

These critical investments, the Governor noted, make sense for Pennsylvania's future for a number of economic and environmental reasons.

“We are making tremendous strides in bringing more solar capacity on line,” said Governor Rendell. “By December 2010, Pennsylvania will rank in the top five states for solar in terms of megawatts operating. With the programs that we have in place today and the funds made available to us through the federal stimulus, this will bring our total solar capacity to nearly 60 megawatts or enough to power 7,200 homes.  

“Some of the projects I'm announcing today will reduce the annual energy consumption of their owners by as much as half,” Governor Rendell said. “Pennsylvania's commitment to creating a vibrant solar industry will reduce the consumption of costly, traditional fuels, with clean, efficient sunlight that doesn't cost a penny. That provides savings to businesses and municipalities, and ensures that the commonwealth remains a leader in the development and deployment of green technologies.”  

For more information on programs available through the Department of Community and Economic Development, visit www.newpa.com or call 1-866-466-3972.

Media contacts:

Theresa Elliott, DCED; 717-783-1132

Michael Smith, Governor's Office; 717-783-1116

Editor's Note: The following is a list, by county, of the 13 projects receiving alternative energy investment grants.  To put each project's generation capacity into context, an average home in Pennsylvania uses approximately 10 megawatt hours, or 10,000 kilowatt hours, of electricity annually.  

Allegheny County

Terradime – 5637 Forbes LLC will receive a $44,000 solar energy program grant to install a 25 kW rooftop solar photovoltaic power system that will be installed on a condominium building located in Pittsburgh. The system will produce nearly 28,500 kWh, each year. Terradime, a Pittsburgh-based real estate and research enterprise focused on sustainable development and energy efficient innovations, plans to erect a four-story, 14-unit green condominium building that will include 21 subsurface vehicular parking spaces with electric car hook-ups. The total project cost is $181,500.  

Bucks County

VS Solar LP will receive a $1 million solar energy program grant for the installation of a rooftop solar photovoltaic system for the Valley Square Lifestyle Shopping Center located in Warrington Township. Of the 11 buildings that comprise the Lifestyle Center property, nine will be fitted with the photovoltaic rooftop panel systems.  The total system size will be 800 kW and will cover 90 percent of the annual shopping center common area's electric requirement, which is presently 1,131,000 kWh. The total project cost is $4.1 million.

Centre County

SEC BESD Solar One LLC will receive a $995,440 solar energy program grant to purchase and install a 541 kW rooftop solar photovoltaic system for the Bald Eagle Middle/High School in Boggs Township. SEC BESD Solar One LLC is the special purpose LLC formed by Smart Energy Capital for the Bald Eagle School District solar projects; it will own the photovoltaic system and sell power to the Bald Eagle schools under a long-term power purchase agreement at a fixed rate of 4.9 cents per kWh for 25 years. The solar PV system will produce about 670,000 kWh of solar electricity annually, which will provide more than 50 percent of the Bald Eagle Middle/High School electricity demand. The total project cost is $2.7 million.  

SEC BESD Solar One LLC will receive a $445,280 solar energy program grant for the purchase and installation of a 242 kW solar photovoltaic system for the Bald Eagle/Wingate Elementary School located in Boggs Township. SEC BESD Solar One LLC will own the photovoltaic system and sell power to the Bald Eagle schools under a long-term power purchase agreement at a fixed rate of 4.9 cents per kWh for 25 years. The solar PV system will produce about 299,000 kWh of solar electricity annually, which will provide more than 50 percent of the Wingate Elementary School electricity demand. The total project cost is $1.2 million.

Chester County

Integrys Energy Services will receive a $500,000 solar energy program grant to install a 387 kW solar photovoltaic system on 50,000 square feet of land owned by Longwood Gardens in Kennett Square. All of the power generated will be consumed by the Longwood Garden facilities through a power purchase agreement. The project will generate approximately 473,550 kWh per year, and offset between 14 percent and 22 percent of Longwood Gardens' peak load. The total project cost is $1.7 million.

West Chester Borough will receive $123,941 solar energy program grant to construct a solar photovoltaic system on the roof of a proposed parking garage in West Chester. The borough plans to demolish an existing parking garage and replace it with a larger structure containing 689 parking spaces, an increase of more than 400. The design includes a 68 kW photovoltaic system in a roof top canopy that will produce more than 77,000 kWh each year. The energy use of the garage is primarily for lighting, which will be high efficiency LED. The borough intends to make the solar energy project a visible addition to the community with on-line access to energy production data, educational links between this project and school curriculum, and dissemination of the technology and benefits. The total project cost is $508,941.  

Cumberland County

Allen Distribution LP will receive a $580,000 solar energy program grant to install a solar photovoltaic system for the roof of its distribution facility in Carlisle.  The company plans to install a 400 kW solar photovoltaic system to offset the facility's energy consumption and it will generate approximately 418,691 kWh in its first year of operation. The total project cost is $2.1 million.  

Dauphin County

UGI Development Co. will receive a $125,000 solar energy program grant to install a 500 kW solar photovoltaic system on 7 acres of land at its propane storage facility in Swatara Township. The project will offset the total average annual energy usage of the facility and will generate approximately 438,000 kWh per year. The total project cost is $2.8 million.  

Lawrence County

Axion Power Manufacturing Inc. will receive a $298,605 solar energy program grant to assist with solar power energy storage research and development at its facility in Neshannock Township.  The company is seeking to develop a renewable energy storage system that will store excess electricity generated from two Envision Solar electric vehicle charging stations.  Potential uses of this technology include increasing the value of power generation from renewable energy sources, such as photovoltaic and wind turbine systems, by storing energy gained during energy generation periods (sunny or windy) and later utilizing the stored energy.  The total project cost is $1 million.

Lycoming County

The Montoursville Area School District will receive a $35,000 solar energy program grant to install a photovoltaic array roof panel system at the C.E. McCall Middle School in Montoursville. The school district is extensively renovating the middle school and the renovations will include the construction and installation of a 20 kW photovoltaic array roof panel system that will generate approximately 22,000 kWh of electricity annually. The electricity generated will assist the district with the middle school's energy needs, specifically the school's library, which will be located directly beneath the solar roof system. Total project cost is $90,960.    

Northampton County

Positive Energy Pennsylvania 1 LLC will receive $58,590 solar energy program grant to install a 30.8 kW rooftop solar photovoltaic system at the Williams Township Public Works building. The photovoltaic system will occupy 2,240 square feet of rooftop space, and the system is estimated to provide 35,600 kWh of energy over the course of a year.  Positive Energy will own the system and sell power to Williams Township under a power purchase agreement at a rate of $0.09/kWh for 20 years. The total project cost is $169,943.  

Philadelphia County

Orion Energy Systems Inc. will receive $436,800 solar energy program grant to install a 240kW rooftop solar photovoltaic system on the PreFlight Airport Parking facility located at the Philadelphia International Airport. The system will cover approximately 35,000 square feet of roof space and produce 273,000 kWh a year. PreFlight Airport Parking is a private off-airport parking provider. It will purchase the electricity generated by this system from Orion Energy Systems at below market rates. The total project cost is $1.2 million.  

Schuylkill County

Sterman Masser Inc. will receive a $1 million solar energy program grant to purchase and install a 1 megawatt solar photovoltaic array on 6-acres in Hubley Township. The system will generate more than 1.1 million kWh hours of electricity annually.  The electricity generated from the system will be utilized at the company's potato processing plant, located 0.5 miles from the solar array site.   The total project cost is $5.4 million.  

SOURCE Pennsylvania Office of the Governor

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Which countries do you think will reach targets for thr Kyoto Protocol?

March 8th, 2010

Ive heard Portugal are doing well, with almost all of their rivers running into the altlantic dammed and producing hydroelectric power. Plans to put wind turbines off its coasts and home to (i think) Europes largest solar power station…..
For more information take a look at the sites below:
The targets: http://www.ineosfluor.com/CDM/Background/targets.asp

UK:

http://www.foe.co.uk/resource/press_releases/emissions_breach_kyoto_tar_02092005.html

http://news.bbc.co.uk/1/hi/sci/tech/4399323.stm

Europe:

http://news.bbc.co.uk/1/hi/sci/tech/4112743.stm

If you dont know what the Kyoto Protocol is…read here: http://news.bbc.co.uk/1/hi/sci/tech/4269921.stm
Go on, improve your chances off recieving "best answer"!

Well, if we could even GET ON IT (US) that would be a miracle.

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Do you believe that Obama’s Stimulus Package saved or created 150,000 jobs?

March 8th, 2010

http://news.yahoo.com/s/ap/20090527/ap_on_go_pr_wh/us_obama_solar_power
If this is not true, why would the Obama camp make this statement?

He’s lost millions more jobs than he’s created. And many of his "jobs" are government jobs. Which is redundant since government doesn’t create anything, all it does it impose a drain on the private sector and tax payers.

He’s grabbing for straws because his stimulus plan has been an utter failure.

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Why would we build any more nuclear power plants?

March 8th, 2010

A lot of people, including John McCain, think nuclear power is the best solution to the US’s energy problems.

However, the cost of nuclear power has been skyrocketting. From 2000 through October 2007, nuclear power plant construction costs — mainly materials, labor and engineering — have gone up 185%.

http://www.salon.com/news/feature/2008/06/02/nuclear_power_price/

Last November, Nuclear Engineering International ran a story entitled ‘For some utilities, the capital costs of a new nuclear power plant are prohibitive.’

http://www.neimagazine.com/story.asp?storyCode=2047917

Duke Energy won’t even reveal the cost estimate for a proposed nuclear plant in the Carolinas because it’s so high.

http://www.newsobserver.com/business/story/1054171.html

According to some analysts, a reasonable estimate for levelized cost range of nuclear power is 12 to 17 cents per kilowatt hour lifetime. The California Public Utilities Commission estimates new nuclear plants would cost 15 cents per kWh before transmission and delivery costs.

In comparison, the same commission puts the current cost of concentrated solar thermal at 13 cents per kWh. And the cost could drop by as much as 20% within the next 10 years as the technology improves. And concentrated solar thermal has storage capacity, which means it can follow power demand, unlike nuclear, which produces constant energy output.

Jigar Shah, chief strategy officer of SunEdison, said he could guarantee delivery to Florida of more power with solar photovoltaics — including energy storage so the power was not intermittent — for less money than the nuke plants being constructed there cost.

According to the Bush Energy Department, Americans could get 300 gigawatts of wind by 2030 at a cost of 6 to 8.5 cents per kilowatt-hour, including the cost of transmission to access existing power lines.

http://www.salon.com/news/feature/2008/06/02/nuclear_power_price/index1.html

And the risk of nuclear construction projects going into default and costing taxpayers tens of billions of dollars is very high.

http://redgreenandblue.org/2008/09/11/mccains-nuclear-energy-plan-may-cost-315-billion/

So why should we build any more nuclear power plants when they’re more expensive, more risky, and not as clean as renewables like wind and solar thermal?
Cactus Jack – nuclear receives far more subsidies than renewables.
Bob – nuclear plants take far longer to build than renewable energy plants.
eric c – the IPCC advocates a 2% increase in nuclear vs. a 15% increase in renewable energy by 2030.

http://en.wikipedia.org/wiki/IPCC_Fourth_Assessment_Report#Mitigation_in_the_short_and_medium_term_.28until_2030.29

1. Yes, capital costs for nuclear are high. But fuel costs are very small. Expensive to build, but cheap to run.

2. Much of the capital cost penalty for nuclear is societal, not technological. In other words, avoidable with policy change.

3. There are no significant improvements on the horizon for concentrated solar. Each piece considered alone is already a mature technology. How much more efficient can you make a mirror? There may be improvements for PV, but that’s more expensive than nuclear.

4. Nuclear receives more subsidies than renewables only on a gross basis. On a per-watt basis, renewables are subsidized many times more than nuclear.

5. Nuclear power has advantages that solar and wind do not, specifically near 100% availability.

6. Nuclear has a lower carbon footprint that solar, about as low as wind.

7. Coal burning is the worst, and I mean WORST contributor to global warming on the planet. Period. We still get 33% of our energy from coal, and there’s a reason for that. It’s RELIABLE and AVAILABLE. Yes, it’s killing the planet. But that’s not factored into its cost of use.

Currently, nuclear power is the only available source for reliable, available baseload electric generation that can realistically hope to replace coal within the next decade. Hydro is already fully subscribed. Solar, wind, and geothermal are regional and intermittant resources. That doesn’t mean useless, it just means limited in scope. So yes, let’s use wind and solar where we can. Where we can’t, use nuclear.

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Planet 100: Top 5 Green Celebrity Websites (2/26)

March 8th, 2010

Today Planet 100 Counts Down The Top 5 Green Celebrity Websites. For More Planet 100 Videos, go to: http://planetgreen.discovery.com/videos/the-planet-100/

Duration : 0:2:28

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Solar Lease – New Option to Leverage ARRA Funds

March 6th, 2010

Solar Financing Structure Empowers Tax Disregarded Entities to Reap ARRA and Rebate Benefits

 

By Steve LoRusso

Vice President, Commercial Sales, HelioPower

 

Nonprofits have seemingly been out of the luck when it came to monetizing the 30% federal cash grant for renewable energy installations provided by the American Recovery and Reinvestment Act (ARRA).  Tax disregarded entities have not been able to take advantage of the lucrative 30% treasury cash grant or the federal and state depreciation benefits (IRS 200 MACRS).  However with the participation of a lease partner, organizations that were previously left out of the ARRA funding picture now have a new opportunity to build solar power generating systems on their buildings utilizing the support of the ARRA cash grant for renewable energy installations. 

 

This solar financing structure involves an interested third party utilizing the tax incentives in the role of a Site-Delivered Equipment Provider.  The resulting solar financing product is much simpler and less costly to arrange than a solar power purchase agreement (PPA) for smaller sized solar power installations. The minimum transaction size is $200,000.

 

This solar lease structure is available to well-established, creditworthy U.S. based companies and nonprofit organizations. It can also benefit municipalities, churches, schools, and 501c3 structured entities that want to leverage ARRA funds and state utility rebates to go solar. The effectiveness of this solar financing structure will be impacted by construction site considerations and the financial strength of the host as it would be in any other type of solar installation.

 

HelioPower is working with financial partners who are able to offer a low cost seven (7) year financing program for solar photovoltaic (PV) systems to financially strong commercial firms and nonprofit entities in California and surrounding states. We work with our solar financing partners to provide 100% financing of a PV system at a fixed payment for 7 years with an 8.5 year amortization. Normally no additional collateral is required other than the solar equipment. The nonprofit entity applies to the U.S. Treasury for the 30% cash grant which, when received, is applied against the financing agreement.  Additionally the monthly lease payments required from the organization are offset for the first five years by the CA State Performance Based Rebate payments to the property owner.

 

We see great promise for endowment foundations, grant makers and personal contributors that make annual contributions to their selected charities, to rethink their contributions.  These contributions could take the form of milestone payments on energy leases.  Thus the supported solar panel system benefits the organization for decades  - generating electricity from a self-generated and sustainable source, hedging the nonprofit against escalating and unpredictable power rates thus creating a stabilized utility burden.

 

As in the Old Chinese Proverb, “Give a man a fish, he’ll eat for a day.  Teach a man to fish, he’ll eat for a lifetime.” When supporters fund a turnkey solar electric system through a true lease solar financing structure they empower the organization to create their own electricity for years to come as well as enable them to benefit from ARRA federal cash grants and CA state solar incentives. 

 

Disclaimer:  This is not tax advice.  We encourage you to talk with your tax advisor before proceeding with any financial agreement.

 

Source information:

 

American Recovery and Reinvestment Act

U.S. Department of the Treasury

 

Click here for link to page that includes Frequently Asked Questions:

 

21. Question: Is an applicant who owns eligible energy property eligible to receive payment if the energy property is leased to a non-profit or otherwise ineligible entity?

 

Answer:  Yes.  If the owner of the energy property is the applicant and is otherwise eligible, the fact that the property is being leased to an ineligible entity does not impact the eligibility of the owner/applicant provided it is a true lease and not a disguised sale. 

 

For more information contact Steve LoRusso directly at SLoRusso@HelioPower.com.