Business Energy Innovation Conference September 27, 2018
NH Clima te Cha ng e 1960 2016 2070-2090 Fast Action 2070-2090 Slow/No Action
Pro mise o f So la r
250,000 As of 2017, there are 250,000 Americans working in the solar industry. That’s a quarter of a million families who help support the growth of clean energy nationwide.
1.6 MI L L I ON There are more than 1.6 million U.S. homes with a Solar Photovoltaic (PV) System installed.
59% Over the last ten years, the U.S. solar industry has grown at an average rate of 59% each year.
Millio n So la r Stro ng In 2016, after nearly 40 years of effort, the industry celebrated its 1 millionth installation. The next million will be installed by the end of 2018, less than 3 years later.
100 Gig a wa tts By 2022, there will be 100 gigawatts of solar installed in the U.S. That’s the equivalent of 35 coal-fired power plants. U.S. Solar PV Deployment Forecast 20,000 15,000 Megawatts-DC 10,000 5,000 0 2018E 2019E 2020E 2021E 2022E 2023E Residential Non-Residential Utility Our conservative estimates show there will be an average of 15 GW installed every year.
2/ 3 o f Ame ric a ns In many polls and surveys, a vast majority of Americans support the increase of solar energy. A 2017 Pew Research poll asked which types of generation should be prioritized for America’s energy supply. Wind & Solar: 65% Oil, Coal, Natural Gas: 27%
F a lling Pric e s Drive Gro wth The solar industry’s rapid growth is largely due to declining prices. PV prices have fallen 80% in the last decade and 52% over the last 5 years alone. $7.90 $7.60 $7.50 $5.79 $4.75 $3.63 $3.01 $2.26 $2.18 $1.57 $1.56 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
So la r Sa ve s Mo ne y fo r All Ra te pa ye rs Distributed solar relieves stress and strain on the electric grid, reducing costs for utilities which are passed down to customers.
A Cle a n So urc e o f E le c tric ity The amount of solar installed in the U.S. offsets 68 million metric tons of CO2 emissions, equivalent to taking 14.6 million cars off the highway or shuttering 17 coal-fired power plants.
Ma jo r Co rpo ra tio ns Cho o se So la r Some of America’s top brands have installed significant amounts of solar energy, including Target, Walmart, Apple, and Amazon. • More than 4,000 individual companies have gone solar, across nearly 7,400 installations.
Busine ss Ca se F o r So la r 1. Cash / Financed Purchase • Tax credits offset ~50% of cost • Reduce/stabilize operating costs • Value of energy exceeds loan payments • Payback period of 6-8 years
Po we r Purc ha se Ag re e me nt 2. PPA = Zero Capital Expense • Lock in costs at today’s low rates • Hedge against future inflation • Saves ~10% of current electric costs • Purchase option at FMV in 7 years
Ab o ut NST Our team includes top local New Hampshire and Vermont engineers and technicians, many from Dartmouth College and University of New Hampshire. Our founders, Joel and Troy, are New Hampshire and Vermont natives that have combined forces to help bring affordable and high quality solar technology to our region.
Sa mple Pro je c ts DHMC Heater Road - Lebanon, NH 134 Granite Air Center - Lebanon, NH TPHT- Tracy Street, WRJ - VT kW-DC 218 kW-DC 180 kW-DC Maple Manor Apartments, Newport, NH 110 Upper Valley Aquatic Center - WRJ, VT Prime Subaru, WRJ - VT 70 kW-DC 732 kW-DC KW-DC
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