NY Market Outlook for Solar Photovoltaic

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NY Market Outlook for Solar Photovoltaic Solar
Hot Water

• Presented by
• Betsy Ferris Wyman
• VP of Sales, SunDog Solar

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• Located in Chatham, NY
• Photovoltaic Electric Systems
• Solar Thermal Hot Water Systems
• Solar Thermal Hot Air Systems

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The SunDog Team

• In business since 2006
• 18 Employees
• 24 Photovoltaic Installations to Date 48
  Pending
• 12 Solar Thermal Installations to Date
• 2 NYSERDA Eligible Installers on staff
• 1 Licensed Electrician

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Introduction of Presenter

• Betsy Ferris Wyman, Sales, SunDog Solar
• B.S. in Agribusiness
• 10 Years Experience with Environmental
  Engineering Firm (3 yrs as Field Scientist, 7
  years Director of Marketing/Sales).
• 8 years experience as VP of Sales of national
  magnetics company.
• Manages solar thermal division of SunDog solar.
• Teaches solar thermal installation and design.

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Why Invest in Solar?

• Insulates from price increases.
• Systems last for decades (50 yrs!)
• Rebates/tax incentives/net metering.
• Increase the value of your home.
• No carbon emissions.

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World Energy Reserves
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Solar Photo Voltaic Power- Create Electricity
From the Sun!
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Historical Electric Costs
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Future Electric Costs
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What is a PV system?

• P stands for Photo meaning light.
• V stands for Voltaic meaning energy.
• PV panels convert light to electricity.

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Is your property suitable for solar? Ask
yourself.

• Do I have full sun most of the day?
• Does my home face South?
• Do I have space for the system (either on the
  roof or the ground for the panels or collectors)?

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What Solar Can and Cant Do

• Its generally not going to give you 100 of the
  electricity or hot water you need.
• Its not going to replace your furnace.
• It WILL reduce your energy costs, offset
  thousands of lbs of CO2, and increase the value
  of your home.

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How PV Systems work
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Mounting Options Roof Mounted Pitched Roof
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Mounting Options Roof Mounted Flat Roof
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Mounting Options Pole Mounted
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One PV Module 3 x 5
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Solar Hot Water Free Hot Water!
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How does NY heat water?

• 900,000 use electric.
• 4.2 million use natural gas.
• 1.8 million use oil.
• Solar is statistically insignificant.

According to NYSERDA
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Think about hot water.

• Average American uses roughly 20 gallons of hot
  water a day.
• Family of 4 uses 89 gallons/day 628 gallons per
  week!
• 20 - 30 of utility bill is for water heating
  (DHW).

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The cost to heat hot water

• Electricity - 1,234
• Oil - 1,282
• Propane - 2,059
• Source Enerworks 2008 based on a weekly water
  consumption of 628 gallons.

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Think energy is expensive now?
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What can a solar hot water system do?

• Give 85 of the DOMESTIC hot water needed from
  May September (and about 30 the rest of the
  year).
• Can reduce energy bills by 1/3.
• Supplement your Radiant Floor or Forced Hot Air
  heating system.

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What a solar hot water system cant do

• Can not supplement a baseboard hot water heating
  system.
• Can not use as a stand alone system a back up
  hot water heating system is needed!

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How it works.

• Collectors
• Tank
• Pumps
• Controllers
• Hooked into customers existing hot water system.
• Think of the Solar Hot Water Systems as PRE
  HEATING the hot water.

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Collector Type Evacuated Tubes
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Evacuated Tube Close Up View
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Collector Type Flat Plates
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Flat Plate Cutaway View
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What do the collectors collect?
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How much hot water can you get on a sunny day in
NY?

• Lets say we get 30,000 Btus from each panel and
  we have 2 panels 60,000 Btus.
• Lets say we have an 80 gallon tank with a
  starting water temp of 52 degrees.
• Remember 1 Btu raising 1 lb of water by 1
  degree.

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How much hot water can you get on a sunny day in
NY (cont)?

• 80 gallons x 8.34 667 lbs of water
• 60,000 Btus/667 89 degrees
• 52 degrees 89 degrees 141 degrees!
• Account for some losses (in piping)
• 141 degrees x 85 120 degrees.

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Solar Economics
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Theres never been a better time to go solar!

• The big 6 reasons.
• /3 Watt Rebate from the State (for PV only)
• Net Metering Sell back your excess
  electricity (PV only).
• 25 State Tax Credit (Capped at 5,000)
• 30 Federal Tax Credit (Capped at 2,000 for ST
  only)
• 15 Year Property Tax Exemption
• Energy mart Financing.

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Take Advantage of Energy mart Financing

• Borrow up to 20,000 at 4 BELOW the current
  lending rate!

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Cost for Typical Solar Thermal System

• 2 panel, 80 gallon DHW system - 10,000
• NY State Tax Credit 2,500
• Federal Tax Credit
  2,000
• Net Cost
  5,500
• Payback in 5 7 years.

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What good does a SHW system do?

• If you have an electric hot water heater and use
  a solar hot water system
• Annual Carbon Dioxide Emission Reduction of 4,243
  lbs per year
• 20 Year Total Carbon Dioxide Emission Reduction
  of 84,854 lbs.
• Equivalent to planting 289 trees.
• SourceEnerworks

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Cost for Typical PV System

• The following is an estimate for a 4 kW utility
  tied system
• 4,000 watts x 9.00 per watt 36,000
• Minus State Rebate of 3/watt 12,000
• Financed Cost 24,000
• Minus State Tax Credit
• (24,000 x 25 - capped at 5,000) 5,000
• Minus Federal Tax Credit
• (24,000 x 30) 7,200
• Net Cost 11,800

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Show Me The Money!(or what do I get for my
11,800!).

• If full sun a 4 kW system will generate
• About 742 worth of electricity per year
• About 61.00 per month
• 25 yrs x 742 18,880 (6,750 savings).
• 25 yrs with adjusted 5 inflation of energy costs
  35,417 (23,617 savings!).
• 50 yrs with adjusted 5 inflation of energy costs
  155,352 (143,552 savings!).

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What good does my 11,800 do?

• Over the 25 yrs the system
• Will offset 107,100 lbs of Carbon Dioxide
• Is equivalent to not driving 128,888 miles.

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Solar Market Challenges
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Future Development Whats Needed

• Long Term Rebate/Buyback Programs
• Public Awareness
• Leasing Opportunities
• Educating our Leaders
• Locally Distributed Product
• TRAINED WORKFORCE!

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Solar Thermal in the World

• In 2006 Germany installed 140,000 solar thermal
  systems.
• 15 of detached houses in Austria use solar
  thermal systems.
• Israel Spain make solar thermal obligatory in
  all new residential homes.

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Solar PV in the World

• The "Feed-in Law" has led to Germany becoming the
  largest market in the world.
• For the Fiscal Year 2002, the Japanese solar roof
  top program received applications from 42,838
  households.
• Worldwide photovoltaic installations increased by
  2,826 MW in 2007, up from 1,744 MW installed
  during the previous year. In 1985, annual solar
  installation demand was only 21 Megawatts.

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Lessons we could learn from the world

• Live a sustainable life.
• Buy locally.
• Induce sticker shock.
• Make green building mandatory.
• Get utilities on board.