Learn About Solar Power and Energy Efficiency from Nexus Energy Center

NEXT MEMBERSHIP EVENT, Wednesday July 10th. RSVP REQUIRED

Solar Investment Strategy 101

Wed, July 10 from noon-1pm (Lunch provided)
Nexus Energy Center
6767 Old Madison Pike NW #730
Huntsville, AL 35806
Please RSVP: Mike Kelley at mkelley@lightwavesolar.com or 256-262-7860

Join Nexus Energy for a live lunch-and-learn about new solar investment strategy for businesses from  LightWave Solar. The seminar is oriented to CPAs, CFOs, Business Owners and Facility Managers to show how solar energy investments work for businesses.

LightWave Solar, based in Antioch, Tennessee is a NABCEP certified contractor participating in the new TVA Green Power Providers program. The presentation will cover financial incentives for commercial solar projects and show cash flow analyses, including a finance model that shows a 33% 20-year IRR on cash outlay for a 50kW solar installation. The approach combines a 5% 10 year loan, federal tax incentives and TVA’s Green Power Providers solar premiums.

Nexus Energy Center is an Alabama non-profit with a mission to empower energy consumers to reduce waste and transform the market for energy efficient buildings and renewable energy options. They offer a residential solar rebate program and residential energy efficiency loan and rebate program. The WISE Solar Rebate is an incentive on the purchase and installation of any photovoltaic or solar hot water system in a 7 county region of Alabama. They address efficiency first and then help you switch to a renewable energy source.

The residential solar program is on hold since TVA announced recently it already had reached its cap on projects the agency will provide financial incentives for during 2013. Some capacity may still be left for smaller systems of up to 10 kilowatts, typically what a home would use, but that’s nearing its limit as well, said Steve Johnson, owner of Nashville’s LightWave Solar.

There is a possibility that some of the 7.5 megawatts that already has been reserved could come back on the market later this year if the successful applicants don’t complete their approved installations within the required 180 days. TVA has said it will release the unused capacity by the end of the year.

TVA will be accepting Green Power Providers program applications later this year on a first-come, first-served basis. They offer help to get your project in the queue for approval. LightWave Solar’s new finance model shows a 33% 20-year IRR on cash outlay for a 50kW solar installation. The approach combines a 5% 10 year loan, federal tax incentives and TVA’s Green Power Providers solar premiums. Here are the financial benefits:

• Return on cash outlay in less than one year
• Cash flow positive in first year
• Re-direct 2013 tax payment into energy cost reduction project
• 20-year contract with TVA for generation credits
• Leveraged 20-year IRR = 33%!
• Who can benefit most from a 50kW system? A business who:
• Owns building or has long-term lease
• Pays between $7,500-$80,000/year for electricity
• Has 2013 tax liability of $69,000 or more
• Is cost conscious and sees the value in hedging against rising utility costs

Join Nexus Energy Center!

Become part of the movement to bring a clean, green, and sustainable energy future to Alabama. Clean and sustainable energy is good for our economy, our people, and our environment. With over 4.3 million kWh representing over $440,000 in energy savings, we are just getting started.

Please support our work by joining us as a Member!

• Some of the benefits you’ll receive for being a member are:
• Invitations to all our community events, seminars, and worshops on clean energy, energy efficiency, and home improvements.
• Our monthly newsletter with all the latest in local sustainable energy.
• 10% off facility rental. Click here for information about hosting a meeting with us.
• Nexus training the clean energy workforce!
• Up to 2 hours of unbiased assistance on your home energy project to help you save.
• More assistance is available at a steep discount for members!

*Nexus Energy Center is registered as a 501(c)(3) non-profit organization. Contributions to Nexus Energy Center are tax-deductible to the extent permitted by law.