presentation overview empower state of solar solar financials solar & evs
TRANSCRIPT
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Presentation Overview
EmPower
State of Solar
Solar Financials
Solar & EVs
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Over 100,000 attendees
US Department of Energy Solar Decathlon
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100,000 enthusiastic visitorsSuccess
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Solar-Hydrogen-Fuel Cell System
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EmPower’s Focus
Solar Energy Engineering & Installation
Residential Business Municipal Non-Profit
Electric Vehicle Charging Infrastructure
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Company Overview
Founded In 2003
Solar Engineering & Install
45 Employees
+500 Installations
> 7 MW Installed
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EmPower’s Vision
Driven by the fundamental belief that renewable energy will lead to a more prosperous, healthy and civil world.
Renewable energy has the potential to power our buildings AND our cars.
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Unitarian Universalist Congregation at Shelter
Rock 100 kW
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Freeport Firehouse 50 kW
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Family Residences 800 kW, 45 Sites
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Family Residences 40 kW
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248 kW BJs
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Melville, NY 600 kW
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NYIT (OW) Solar Carport
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NYIT Ribbon Cutting w/ Cong. Israel
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Town of Hempstead West Marina
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Town of Huntington Carport
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Town of Huntington Chargers
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Presentation Overview
EmPower
State of Solar
Solar Financials
Solar & EVs
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Enough Sunlight Falls
On Earth In One Hour
To
Power
The WORLD
For One Year
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2006 – 11 Annual US (MW)
77% 5 Yr CAGR
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Global 2011: 27 GW
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2011 – 16 Annual US (MW)
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US Power Generation Additions
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Solar PV to Power LI
20 Million kWh Electricity 2008 (LIPA) 1225 kWh (AC) per 1 kW (DC) in NYC
@ 180, 33 tilt, fixed array 16 GW Array Necessary 16 w/sqft (high efficiency panels) 37 sqmi 6.0 mi x 6.0 mi
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36 square miles
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Presentation Overview
EmPower
State of Solar
Solar Financials
Solar & EVs
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Solar (Gross) Costs 10 kW System
2008 2009 2010 2012
Gross Cost $80,000 $70,000 $60,000 $37,500
$ / Watt $8 $7 $6 $3.70
% Decrease 13% 14% 25%
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2012: 10 kW
Installed Cost $37,500
LIPA Rebate ($1.75 x 10,000) $17,500
Upfront Cost (To Finance or Invest Cash) $20,000
Federal Tax Credit (30%) $6,000
NYS Tax Credit (lower of 25% or $5,000) $5,000
Total Tax Incentives $11,000
Final Customer Investment $9,000
Annual Savings $2,500
Cost Of Solar kilowatt hours $0.065
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Solar Loan: Monthly
Old Bill$200
Solar Loan$235
Old Bill$200
Solar Loan$120
Profit$80
Pre-Tax Credits Post-Tax Credits: Next April
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Solar Lease: Monthly
Old Bill$200
Solar Lease$120
Profit$80
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LIPA Bill
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Commercial Incentives Over 50 kW
NYSERDA Incentive Bid (Non-LIPA NYS) LIPA Feed-In-Tariff
Under 50 kW LIPA Rebate NYSERDA Rebate
Tax Incentives Federal Investment Tax 30% NYC Property Tax Credit 10% Accelerated Depreciation
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Commercial: Ownership
Invest Cash Finance w/ Bank Loan Must Use Tax Benefits
Maximum ROI 3 – 4 year simple payback 15%+ IRR
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Commercial: Third Party
Lease to own (operating lease) Power Purchase Agreement (PPA) Land/roof lease
Steady Returns Cash flow positive Reduce risk Lower upside
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248 kW BJs
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Takeaways
Solar Successful Because Cheap (getting cheaper) Clean Reliable Renewable Domestic
Storage will come, then unstoppable
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Presentation Overview
EmPower
State of Solar
Solar Financials
Solar & EVs
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NYIT (OW) Solar Carport
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1 Car, 0 Emissions, 1 Commute
200 Sq Ft Solar One parking spot, roof area 10+ kWh of clean energy per day
Covers daily 30 mile commute
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EV Economics
Key Assumptions 12,000 miles per year 6 year ownership Gasoline $4.00 /gallon Grid Electricity $0.19/kWh
Solar Electricity Levelized Cost $0.065 / kWH
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EV Prius SavingsEfficiency 360 Wh / Mile 50 MPGAnnual Consumption 4,336 kWh 240 GallonsAnnual Cost of Fuel $824 $960 $136Lifetime Cost of Fuel $4,943 $5,760 $816Oil Used 0 bbl 41 bbl 41 bblCO2 Equivalent Emitted 12 tonnes 16 tonnes 4 tonnes
EV Cost Comparison: Grid
*Assuming all electric miles
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EV Prius SavingsEfficiency 360 Wh / Mile 50 MPGAnnual Consumption 4,336 kWh 240 GallonsAnnual Cost of Fuel $281 $960 $678Lifetime Cost of Fuel $1,691 $5,760 $4,068Oil Used 0 bbl 41 bbl 41 bblCO2 Equivalent Emitted 0 tonnes 16 tonnes 16 tonnes
EV Efficiency w/ SOLAR!
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Available EVs
55
Ford Focus EV76-mile battery rangeSpeeds up to 85 mph
Transit, Ford100-mile battery range800kg payloadTop speed of 70mph
Newton, Smith Electric150-mile battery rangeSpeeds up to 50mphPayload up to 7400kg
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Available EVs
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Tesla Model S 160- to 300-mile battery range45-minute quick chargeSeats 5 adults and 2 childrenCOOL!
Nissan Leaf100-mile battery range26-minute 80% quick charge5-passenger
Chevy Volt35 mile all-electric battery range3 hour charge at 220V outletExtended-range gas-powered generator
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By: David G. Schieren
October 5, 2012
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Vulnerable Grid
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Smart Grid
Increased communications and control
Increased redundancy
Renewables & Storage
“Defensible” and “democratic”
Easy to expand
Easy to repair, rebuild, fast lead times
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Resilient Energy (or other) Systems
Relatively small modules, dispersed, low
cost of failure
Failed components can be detected and
isolated early
Redundant modules can be substituted
Components are diverse
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Grid Transformation, a 30 Year Plan
Timeframe Phase Definition Defined by.. (Key Characteristics)
Key Functions / Technologies
RE Penetration
0 - 10 Year Grid
1. Communications & Measurement
Laying the foundation for future technologies through communications. 'Tidying' up our usage.
- Energy efficiency- Demand Response
5% (by capacity)
10 - 20 Year Grid
2. Advanced Components & Dynamic Control
Physical Restructuring of the Grid. Overcoming initial supply & demand variability.
- Network Adaption & Reconfiguration- Islanding
15% (by capacity)
20 - 30 Year Grid
3. Large Scale Pervasive Renewables
Mass adoption of Renewable Energy resources enabled through Storage & fast supply &demand balancing control.
- Distributed Generation, Storage, Electric Vehicles
40+% (by energy)