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2009 10 09 Elite Re Info
- 1. "We are like tenant farmers chopping down the fence around our house for fuel when we should be using natures inexhaustible sources of energy - sun, wind, and tide... I'd put my money on the sun and solar energy. What a source of power! I hope we don't have to wait until oil and coal run out before we tackle that." Thomas Edison 1931 RENEWABLE ENERGY IN FLORIDA WHY? WHAT? & HOW?
- 2. US Energy Use by Source In 2006 86 % Fossil Fuel
- 3. Why Renewable Energy ? Fossil fuels (oil, natural gas, & coal) ARE: Running Out (global Peak Oil soon) Most Oil imported to US (we peaked in 1971) Cause pollution to land, water, & air Contribute greatly to global climate change Getting more and more EXPENSIVE Renewable is clean, abundant, & sustainable
- 4. Is it a Crisis ? World reserves are dwindling each year EVEN with new exploration and more drilling! World demand is increasing; especially in the East with China and India now booming! This supply / demand curve divergence will drive prices HIGHER and FASTER than ever before! It can take 20 to 30 years to develop and deploy a new alternative energy source! If not now, then perhaps NEVER!
- 5. Renewable Energy Sources HYDROELECTRIC GEOTHERMAL TIDAL and WAVE HYDROGEN NUCLEAR BIO-MASS WASTE TO ENERGY BIO-FUELS WIND SOLAR
- 6. Wind Energy in Florida DOE US WIND ENERGY MAPPING 1 = LOWEST 8 = HIGHEST Not Good
- 7. In Florida, Solar is Good ! Called The Sunshine State for good reason Average of 5.5 peak solar hours per day! Second only to desert Southwest for potential Solar energy use is over 85% efficient NET METERING started in 2008 More solar energy strikes the planet surface in less than 1 hour, than all of mans energy needs for an entire year. Trick is to collect & distribute it.
- 8. FLORIDA SOLAR RIGHTS ACT 163.04 油Energy devices based on renewable resources. (1) 油Notwithstanding any provision of this chapter or other provision of general or special law, the adoption of an ordinance by a governing body, as those terms are defined in this chapter, which prohibits or has the effect of prohibiting the installation of solar collectors, clotheslines, or other energy devices based on renewable resources is expressly prohibited. (2) 油 No deed restrictions, covenants, or similar binding agreements running with the land shall prohibit or have the effect of prohibiting solar collectors , clotheslines, or other energy devices based on renewable resources from being installed on buildings erected on the lots or parcels covered by the deed restrictions, covenants, or binding agreements. What about Deed Restrictions ?
- 9. National Insolation Map South Florida gets about 5.5 peak solar hours on average per day !
- 10. How is Solar Energy Used ? Natural light for illumination Thermal energy for pool or hot water Photovoltaic (PV) electrical energy Discovered in 1836 Quantified in 1921 by Albert Einstein Thin silicone wafers excited by suns photons yield an electric current
- 12. Solar Hot Water
- 13. Photovoltaics
- 14. Double Play
- 15. What are the Financials ? Free Money ! Local, State, & Federal Incentives Apply Free electricity for 20 to 30 years !
- 16. Free Money
- 17. Free Money
- 18. Partnerships
- 19. Residential Thermal Solar Water *Assumptions: Average KWH per month is 2,000; Cost per KWH is $0.14; Thermal Derate factor is 10%; Tariff rate is $0.001; Energy inflation factor is 3% Initial Cost State Rebate 30% IRS Tax Credit Net Cost to Customer 4x10 foot Thermal Collector with a 80 gallon tank installed $4,995 -$500 -$1,498.5 $2,996.50 40% savings Years to Payback @ current electric rates Return on Investment Per Year @ current rates 6.5 15.4%
- 20. Residential Photovoltaic (PV) *Assumptions: Average KWH per month is 1,728; Cost per KWH is $0.14; PV System Derate Factor is 15%; Tariff rate is $0.001; Energy inflation factor is 3%; Full Sun Hours per Day is 5.5 Initial Cost State Rebate 30% IRS Tax Credit Net Cost to Customer 5.2 kW PV System Installed (installed cost per watt is $7.50) $39,000 -$20,000 -$11,700 $7,300 81% savings Years to Payback @ current electric rates Return on Investment Per Year @ current rates 5.8 17.1%
- 21. The Double Play (PV and Hot Water) *Assumptions: Average KWH per month is 1,728; Cost per KWH is $0.14; PV System Derate Factor is 15%; Tariff rate is $0.001; Energy inflation factor is 3%; Full Sun Hours per Day is 5.5 Initial Cost Total Incentives Net Cost to Customer 5.2 kW PV System Installed (installed cost per watt is $7.50) and Hot Water System $43,995 -$33,698.50 $10,296.50 Years to Payback @ current electric rates Return on Investment Per Year @ current rates Total Saved and Earned Per Year Accumulated Savings After 30 years 6.0 17% $1712.11 $81,300 ($21,855.30 HW; $59,372.83 PV)
- 22. The Double Play (PV and Hot Water) Equivalent to taking TWO cars off the road!
- 23. Commercial Photovoltaic (PV) *Assumptions: Average KWH per month is 8,333; Cost per KWH is $0.14; PV System Derate Factor is 15%; Tariff rate is $0.001; Energy inflation factor is 3%; Full Sun Hours per Day is 5.5 Initial Cost State Rebate 30% IRS Tax Credit Net Cost to Customer Out-of-Pocket Cost After First Year 25 kW PV System Installed (installed cost per watt is $6.50) $162,500 -$100,000 -$48,750 $13,750 Net Gain of $9,390.72 due to Accelerated Depreciation ($48,875); Tax Savings from Depreciation ($17,585); 1st year offset energy costs ($5,545.72)