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Financial Realities Of Renewable Energy For Toursim Businesses
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Proven Solar Performance Financial Realities of Renewable Energy for Sustainable Tourism Joanna Malcolm [email protected] www.flsenergy.com
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Financial Realities Of Renewable Energy For Toursim Businesses
Transcript of Financial Realities Of Renewable Energy For Toursim Businesses
Proven Solar Performance
Financial Realities of Renewable Energy for Sustainable Tourism
Joanna [email protected]
www.flsenergy.com
The Solar Age Has Dawned
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Solar Light Levels
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Solar PV Market
National Renewable Portfolio Standards
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State RPS
Solar water heating eligible
Market Opportunity
� Hotels
� Restaurants
� Military Bases
� Dormitories
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� Dormitories
� Hospitals
� Laundries
� Health Clubs
� Fire stations
� Car Washes
Data Sources: US Energy information Administration & NC Utilities Commission; graph generated by FLS Energy.
Benefits of Solar Energy
� Reduction in Utility Bills
� Cost-effective investment
- 3 - 10 year ROI
- 25+ year system life
� Tax incentives
- 30% federal tax credit; 35% NC
The Market Place Restaurant, Asheville, NC
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- 30% federal tax credit; 35% NC
- Accelerated depreciation
� Earn LEED Points
- As many as 5 points
� Marketing Opportunities
� Environmental Benefits- Reduces fossil fuel consumption
- Emits no pollution
� Improved energy security
Solar Energy Options for Attractions & Accommodations
Natural Science Center of Greensboro, NCProximity Hotel, Greensboro, NC
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Solar Thermal(Hot Water)
Photovoltaic(Electric “PV”)
How Solar Thermal Works
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Solar Thermal Flat Plate Collectors
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Solar Hot Water System Costs
Avg. Cost : $90K - $450K, 1000 gallon – 5000 gallon
Federal Grant Program:
30% of project. No more than 50% of your total tax liability. Can take over 5 years.
NC State Tax Incentives:
35% of project. No more than 50% of your total tax liability. Must be taken in 20% increments over 5 years.
Accelerated Depreciation:
Total apx. 25% of system cost, over 5 years
www.dsireusa.org1010
Return on Investment: 100 panel, 5000 gallon
200,000
400,000
600,000
800,000
Do
lla
rs
Solar Energy System Cash Flow
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600,000
400,000
200,000
0
0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25
Do
lla
rs
Year
Annual Cash Flow
Cumlative
150
200
250
The
rms
of N
atur
al G
as
Guilford College, Shore Hall, 600 Gallons
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0
50
100
The
rms
of N
atur
al G
as
Before SDHW 2004 - 2006
After SDHW 2007 - 2008
Purchase Model
Client Solar Company
Tax Credits
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Client Solar Company
RECs
Solar Energy Purchase Agreement (SEPA)
Client Solar Company
Tax Credits
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Client Solar Company
RECs
Solar Energy Purchase Agreement (SEPA)
FLS Energy
Tax Credits
Client
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FLS Energy
RECs
Client
Advantages
� Low upfront cost
� Minimal Risk
� Maintenance
� Low, predictable energy cost
Lock in Low, Predictable Solar Energy Prices
$10,000
$12,000
$14,000
$16,000
An
nu
l Co
st (
$)
Savings of Solar vs Natural GasBased on Given Amount of Hot Water
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$-
$2,000
$4,000
$6,000
$8,000
1 6 11 16
An
nu
l Co
st (
$)
Year
natural gas (@ 5% annual increase)
natural gas (@ 3% annual increase)
solar
Proximity HotelGreensboro, NC
LEED Platinum Certified
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Hilton AshevilleBiltmore Park, Asheville, NC
1st for Hilton Brand
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Courtyard Marriott DowntownGreenville, SC
Largest solar thermal system in SC
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How Solar PV Works
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What is a kWh? Watts * time = kWh
100 watt CFL * 10 hours = 1kWh
PV System CostsAvg. Cost: $50K - $1.25M, 10 kW system – 250 kW system
Federal Grant Program:
30% of project. No more than 50% of your total tax liability. Can take over 5 years.
NC State Tax Incentives:35% of project. No more than 50% of your total tax liability. Must be taken in 20% increments over 5 years.
Accelerated Depreciation:
Total apx. 20-25% of system cost, over several years
Progress Territory customers:
Tie-in to grid and receive $0.18 per kWh Deducion in Deduction in bill or check for overage.
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PV System Financing
�State and Federal Incentives
�Power Purchase Agreements: PPAs
- Through private companies
- Utility Companies
�Site Lease Agreements – 3rd party financing
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Renewable Energy CertificatesRECs
RECs are :
� the environmental attributes of clean energy.
� the premium value of renewable energy beyond the market value of conventional fuels such as coal and market value of conventional fuels such as coal and nuclear.
� desired by utility companies.
� added value.
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Committed to Making Solar Mainstream
“Proximity’s solar energy system serves as a business-minded, tangible expression of the company’s commitment to
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Dennis Quaintance, Developer Proximity Hotel, 2008
the community and the environment. It attracts a clientele that values this commitment.”
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Nothing is as powerful as an idea whose time has co me-- Victor Hugo
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Want more information about renewable energy for yo ur attraction or accommodation?
Joanna MalcolmFLS Energy, Inc.
www.flsenergy.com
www.dsireusa.orgwww.eere.energy.gov
