A Total Solar Solution
- 1. Solar Is A Strategic Solution Dr. Reginald Parker CEO & President 510nano
- 2. Why solar? Fossil is Unsustainable 1 hour of sun light > 1 year of global energy usage
- 3. Solar Provides A Good Product • Fixed long-term • 1 MW solar farm electricity costs • Up to 1.8 M kWh/ year • Green commitment • Over 24K tons of CO2 • Use of tax off-sets emission reduction • Access to renewable energy credits
- 4. Solar Energy Value Chain Polysilicon Wafer Solar Cell Solar Module Solar system Raw Material Silicon Cell Module Installers Fabricators Manufacturers Manufacturers Operators Suppliers Solar electricity Renewable attributes Incentives
- 5. Solar Deployment is $5/W Lowering the capital cost of solar is required for competitiveness.
- 6. However, Needs to be $2.8/W Grid Parity is $2.8/W Installed Loan Terms 0.2500 5.4% APR 20 year note 0.2000 Electricity Cost ($/kWh) 0.1500 Average Insolation 5.4 peak hours 0.1000 0.0500 Grid Parity $0.12/kWh 0.0000 1.5 2 2.5 3 3.5 4 4.5 Total Installed Cost ($/W) Utility costs are expected to grow each year, while solar costs are declining
- 7. Incentives Enables Solar • Federal Incentives – 30% cash back on investment capital – 5 year depreciation tax shield • State Incentives – 35% tax rebate on investment capital • Incentives change $5/W into $1.75/W In North Carolina
- 8. Your Ability to Help • Educate yourselves and others about need to reduce our carbon footprint – Energy, Environment, Economy • Applaud efforts any and everywhere • Invest your time and resources into your individual and collective futures • Join 510nano on facebook – www.facebook.com/pages/510nano/91358577739