I'd like to be able to show, with realistic (if approximate) figures, that installing solar on the new building will be a good deal for local taxpayers.
Being local taxpayers' money the cost to purchase/install for outright ownership is probably not feasible as it would require a bond and voting. Even though it seems that is the best long-term value.
It appears the only practical option is to lease, and If I understand it the justification for this is that over the lease term (?20 years?) you save the difference between the leased rate per kWh vs the market rate, which is expected to inflate.
Is there another way?
If you use less than you generate, who benefits from the excess? Is that where SRECs come in - how does all that work?
Are there Federal grants or other incentives that may apply to a municipal installation?
One gotcha with the lease is that if the price of power falls in the future you are locked into a higher rate - is this a realistic possibility?
The figures I have calculated are below - do these look right?
I still need to come up with a savings per year ... any help, flaws and fallacies pointed out, would be appreciated.
Thanks!
CALCULATION OF GENERATING CAPACITY OF ROOF | ||
What | Quantity | Units |
roof area | 19000 | square feet |
useable roof area for panels (SE-facing) | 9500 | square feet |
NJ regional energy production factor | 1500 | kWh/kW-year |
reduction due to roof orientation | 10% | |
Assumed generating power per solar panel | 320 | Watts |
# of solar panels in horizontal direction | 56 | panels |
# of solar panels in vertical direction | 19 | panels |
total number of panels | 1064 | panels |
total kWh (S-facing) | 340 | kW |
total kWh (SE-facing) | 306 | KW |
Annual production using NJ energy production factor | 459,648 | KWh/year |
ESTIMATED MUNICIPAL ELECTRIC USE | ||
2017 budgeted electric bill | $335,000 | dollars |
estimated JCP&L 2017 rate | 10 | c/kWh |
estimated usage 2017 | 33,500 | KWh/year |