Mulva Solar project

Mulva Solar project - is $ 9,075 per system For non-profit organizations the rate is $ 4.50 per watt and is capped at $ 13,500 or 80 of the invoice

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Many citizens and business owners in the Austin area have thought about harnessing the power of the sun, but for so many it just seemed impractical to spend large amounts of money just to save a little on a monthly bill and have a lengthy return on an investment. That was in the past. Now the Austin energy commission offers attractive incentives for the utilization of these new photovoltaic technologies. Don’t get me wrong photovoltaic systems are not cheap but now they are becoming more affordable. For Residential the AEC will pay $4.00 per watt of your systems rated output. I.E. 4.00 X 1,000 watts = $ 4000 in rebates. (A 1,000 watt system is used as a baseline number, since it is the smallest system that qualifies figures can actually be much higher depending on the system.) The rebate for residential systems is capped at $ 12,000 or 80% of total price whichever is less. The average out of pocket expense for homeowners
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Unformatted text preview: is $ 9,075 per system. For non-profit organizations the rate is $ 4.50 per watt and is capped at $ 13,500 or 80% of the invoice cost. The average out of pocket expense for non-profit organizations is 7,420. For commercial applications the AEC is willing to pay $ 100,000 or 80% of the systems cost, whichever is less. Another benefit of an AEC solar system is the use of net metering. Net metering is a service provided by the electric company that actually sends you a check if you produce more power than you use. This can be a momentous feat to accomplish, as the annual usage of power in an Austin home, is 12,000 KW hrs. Per year and the average system puts out just 1,500 KW hrs. Some people might find this concept insignificant, but for many, helping the environment in conjunction with saving money through rebates is essential....
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This note was uploaded on 04/16/2008 for the course TECH 3361 taught by Professor Mulva during the Spring '08 term at Texas State.

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Mulva Solar project - is $ 9,075 per system For non-profit organizations the rate is $ 4.50 per watt and is capped at $ 13,500 or 80 of the invoice

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