Save Money Using Solar Power

1
Save Money Using Solar Power

• Optimize Savings

2
Background

• Big companies and industries spend a lot of money
  on their energy bills
• Hotels spend 2,196 on average per room anually
  on bill alone
• Most small and medium business consume anywhere
  between 15,000 - 50,000 kWh anually with an
  average billing of 5,000

3
Factors affecting savings from Solar Project

• Current electricity bill
• Government subsidy
• Sunlight exposure
• Cost and efficiency of panels
• Your energy requirement

4
Electricity rates

• Electricity rates vary from state to state and
  country to country
• Average price of electricity in USA 13.15 cents
  per kWh
• Highest Hawaii (32.7 cents/kWh)
• Lowest Louisiana (9.53 cents/kWh)
• Electricity prices in India Rs. 3.16/kWh - Rs.
  8.79 kWh
• Higher the electricity cost, higher the savings
  from going solar

5
Sunlight Exposure

• Solar irriadiance also affects savings from going
  solar
• Although Louisiana has lower rate of electricity,
  it has the best sun exposure in USA

6
Government Subsidy

• Government subsidy reduces the amount of
  investment required for solar projects
• Cost of solar project can be reduced by 70-75 in
  the US
• Commercial business that invest in solar energy
  can gain Investment Tax Credit of 30
• Companies can also qualify for a 50 depreciation
  bonus for equipment placed in service before
  January 1, 2018

7
Calculating savings from solar

• Consider all factors mentioned in previous slide
• Calculate the cost of using electricity from grid
• Compare against cost of electricity from going
  solar
• Factor in the depreciation costs and other
  maintenance, installation, and miscellaneous
  costs

8
The Enact Advantage

• Calculating savings from Solar Projects can get
  complicated.
• Contact Enact Systems today to manage your
  end-to-end solar project.

9
Thank You

• Enact Systems
• http//enact-systems.com/