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A roof-top solar panel system installed in your business will capture the sun’s energy and convert it into electricity. RegenEn Solar will come to your place of business and give a free evaluation and assess the angle and positioning of the roof, the square footage of the roof, shade cover, and potential design of the system.

Commercial Installation

Solar energy for commercial establishments is a great investment. The following list summarizes the financial benefits from installing solar:

1. •Reduce utility costs
   

2. •Net-metering: sell electricity back to LG&E
   

3. •Increase your property value
   

4. •No maintenance after install
   

5. •Solar panels last a lifetime
   

6. •Accelerated depreciation schedules for purchasing renewable energy
   

7. •Federal and State tax rebates
   

The Federal tax rebate is 30% for solar installations, which can be a significant amount of savings for a large commercial installation. Click here for info on tax credit.

SYSTEM TYPES

Direct PV

1. •Simple systems for water pumping and fans
   

2. •Best cost solution for cattle tank pumping or crop irrigation in remote areas
   

Grid Tie

1. •Most common, 90% of installations are grid-tie (no batteries)
   

2. •Allows for net-metering
   

Grid Tie with battery backup

1. •Provides power when grid goes down
   

2. •Best option for silent, reliable, power production in times of grid outage
   

Off Grid with battery backup

1. •Best choice in remote areas
   

2. •Less expensive than connecting to grid if installation is more than 1/4 mile from grid

THE SYSTEMS PAYS FOR ITSELF

Beside the fact that a solar panel system can immediately increase your property value, the chart below illustrates the long-term financial benefit of buying solar combined with the Federal and state tax incentive. The pricing below is for example purposes only and does not reflect the price of your customized system.

Example

Price of system:                    $60,000

REC Upfront Payment:          -$14,000

Accelerated Depreciation:      -$17,000

Federal Tax Credit (30%):     -$18,000

Net Price of system:               $11,500

From the example in the chart above, if your company purchased a system for a net cost of $11,500 after tax credits and other rebates and your annual savings from not paying the electric utility is $2,000/yr, your savings will pay for your system after 6 years and your total cash accumulation over 25 years would be a net of $36,500! And after year 6, your electricity is free for a lifetime.

NET-METERING

Not only are you saving money on your utility bill, you can also sell electricity to LG&E at the $/watt market rate during days that the system is producing more power than you are using. You can watch your meter spin backwards as LG&E pays you!

RENEWABLE ENERGY CREDITS (RECs)

Solar Renewable Energy Credits are tradable credits that represent the clean energy benefits of electricity generated from a solar energy system. Each time a solar energy system generates 1000kWh (1MWh) of electricity, an SREC is issued which can be sold or traded separately from the power.  SRECs are purchased by electrical utilities or energy suppliers who need to meet a Renewable Portfolio Standard (RPS). The value of SRECs vary dramatically from state to state based on: state RPS requirements, the value of the state’s Solar Alternative Compliance Payment (ACP), as well as the supply and demand of SRECs.

As an owner of a solar energy system, you can elect to sell your solar renewable energy credits (SRECs) in order to help finance your system. RegenEn Solar has partnered with Sol Systems to help you finance your solar energy system using SRECs. To learn more about your options for generating income from SRECs, visit www.solsystemscompany.com.

INTERNET MONITORING SERVICE

This “smart grid” technology is a great service that

allows you to monitor the electricity production of your solar panel system on the internet. This monitoring service can also be set to send you an email alert if productivity declines. If the decrease in electricity is an ongoing problem, you can call RegenEn Solar and we will work with you to correct the problem.