American Solar Partners:

How Solar Power Saves Money For CSEA
Members
!
as
F
2
PE{
55
r
OJ'
G
e
JULY 2014
by
Lee Smith & Liz LaFauce
www.americansolarpartners.com
••
AMERICAN
••
SOLAR PARTNERS
American Solar Partners:
•
•
•
Designs,
Supplies,
Finances, and
•
Installs
Solar Power Systems
Using American-made
Solar Modules, and
Union Contractors.
Solar system on roof of IBEW HQ Washington,
DC
••
AMERICAN
••
SOLAR PARTNERS
Partner with union locals since 2010
•
30+ union hall installations
in 20 States
•
Hundreds of member home installations
Now Wor,~ing With CSEA
Plus, IBEW and NYSUT
Current Focus: long Island, Upstate NY, NYC
••
AMERICAN
••
SOLAR PARTNERS
Solar Power On Homes of Union Members
Systems Customized for Each Location
••
AMERICAN
••
SOLAR PARTNERS
)J
ASP Puts Solar Power On Union Buildings
Solar Power System on a local 3 Site in Queens
AMERICAN
••
SOLAR PARTNERS
Our Program With CSEA
Solar Solidarity:
A way for members to
improve their standard of
living and net worth by
installing a solar power
system
••
AMERICAN
••
SOLAR PARTNERS
jJ
2. Why Solar Power Is Growing
7 kW Solar Energy System
•
Will Save $2000/year in
Utility Costs in LI
Like Getting A Raise of $1.33/hour
•
Raise Home Value
By $35,000
• AMERICAN
E. SOLAR
PARTNERS
26 Modules - 7.3 kW
8
IJ
AMERICAN
II
SOLAR PARTNERS
3 STEP PROCESS
Customized For The House of Any Interested Member
1't Step - Education and Outreach of Members
•
Workshops,
Union Meetings,
2nd Step - Free Site Evaluation
3rd Step - ASP provides turnkey
Each System Has Automatic
(and their families)
Publications,
and Consultation
installation
Daily Monitoring
ASP Provides Annual Report to Member
Etc.
For All Interested
Members
on their house for interested
members
of Performance;
and Union on Results
IIAMERICAN
••
SOLAR PARTNERS
(SEA MEMBERPatchogue
4 kW System
10
II. AMERICAN
1111I SOLAR PARTNERS
2. Why Solar Power Is Growing
Solar Power System Raises Family Income And Net Worth
For Family In Middle
20% of Income/Net
Worth -Income
-$57,900; Net Worth
of $58,226 -
Owning a Solar Power System:
7 Kw System Will Increase Family Income By $2000/Yr
Utility -
Equivalent
(assuming
To A Pre-tax Raise Of Approximately
$1.33 Per Hour
2000 hours and 25% tax rate)
Will Increase Family Net Worth
By Improving
The Value of their Home
7 kW System will raise a home's value by $35,000*
*(Study
By Reducing Payments To Local
- a 60% increase in Net Worth
by lBNl 2013)
II. AMERICAN
II.
SOLAR PARTNERS
Solar Power Is More Affordable Than Ever
Incentives Cover 50% Of The Upfront Cost Depending on State
LI Incentives:
1. Grant From PSEG- 15%
2. 30% Federal Tax Credit
3. 25% State Tax Credit ($5000 cap)
Low Interest (3.S%) Loans Often Available for Balance - Repaid
Through Utility Bill
8.AMERICAN
••
SOLAR PARTNERS
Systems Come With Lifetime Warranties and Support
25 year warranty
on solar modules - 30 Year Useful life
20 year warranty
on inverter
5 year installation warranty from
established electrical contractor;
with annual maintenance
24/7 Monitoring
via Internet
of output (kWh)
13
••
AMERICAN
••
SOLAR PARTNERS
A Solar Power System Pays For Itself
The Savings Produced by the System Pay Off Net Cost (Project Cost
Minus Incentives) Over Time
••
AMERICAN
••
SOLAR PARTNERS
A Way to Become More Independent
Take
of PSEG
$ Being Sent To PSEGAnd Invest In A Solar Power System That
Will Produce Same Amount
Affordable:
Of Power (kWh) As Bought From Utility
No Money Out of Pocket
In NYS - Members Can Buy A System With
No Money Out of Pocket Using
Combination of Incentives and low Cost
loans
fill AMERICAN
1111 SOLAR PARTNERS
3. CSEA AND SOLAR
FEATURES
1. Union Member
-
Discount - Lowest Price Around
ASP's price equal to or lower than the lowest average cost in each region
2. American-made
solar modules
3.
Union labor installation
4.
Full Support For Members
II
16
AMERICAN
III SOLAR PARTNERS
CSEA Members Responding Well To Solar
Hundreds of CSEA Members Have Contacted ASP Since CSEA
Announced Solar Solidarity As A Voluntary Benefit For Members
Next Steps:
1.
Plan and schedule outreach program for CSEA Long Island Locals
II
AMERICAN
1111SOLAR
PARTNERS
Conclusion:
Solar Solidarity
We Look Forward
Is A Practical Way For CSEA Members To Save
To The Opportunity
$
To Work With CSEA Long Island Region 1.
Contact Info:
Lee Smith
PH: 212-581-4030
[email protected]
II. AMERICAN
18
••
SOLAR
PARTNERS
7/23/14
INCENTIVES AND LOAN PAY FOR THE SYSTEM
PSEG REBATE
$4,368
Federal Tax
$6,880
State Tax
$5,000
OBFlOAN
$11,052
TOTAL VALUE
$27,300
$5,000 ~
- ..•....•.•..
••
Contact: Lee Smith: 914-699-3366
Email: [email protected]
;::'ULAf-<
r'Af-< rNERS
7/23/14
Option 1 - NO MONEY OUT OF POCKETTO OWN A SYSTEM
Use a Loan From The State OBF Program - "On-Bill-Financing"
Project Value
$27,299
1st Year Incentives
-$16,248
LOAN
$11,052
Interest Rate
3.50%
- To Pay For Net Amount
Monthly Payments
$109.29
Term (Yrs)
10
The OBF Loan Is Paid For Through the Savings on the Utility Bill - It Pays For Itself
Estimated Solar Savings - Per Month - (Year 1)
Monthly Loan Payments Collected Through Utility Bill
Net Savings Per Month
Savings in 1st Yr
$160.16
($109.29)
$50.87
$610
With no money out of pocket, your solar system will save:
$610
With no money out of pocket, your solar system will save:
$19,920
Net Savings (Minus Loan Payments) Over Useful Life - 30 Years
$69,011
in the first year
in the first 10 years
*inflation assumption
2.7%
PAGE 5
••
Contact: Lee Smith: 914-699-3366
Emaii: [email protected]
SOLAR PARTNERS

Download Report