Last year, NC Solar Now
installed a solar system on Wake Forest Chiropractic's rooftop. Not only has
the system been saving Dr. Shawn Phelan money on electric bills, but he is also
making money by selling power back to the town of Wake Forest. Power companies
purchase Solar Energy Certificates, or SRECs, to achieve their mandated goal of
requiring 12.5% of their energy generated from renewable sources by 2021 as
mandated by the Renewable Energy Portfolio Standard. Phelan claims that he gets
5-10 cents per kilowatt-hour produced when he sells his SRECs. In just the
first 2 weeks of the installation, the 33 247-Watt Samsung panels generated 346
kilowatts of power. That is enough power to generate 11 homes for one whole
day. Tax credits and energy offsets allowed him to only pay a tenth of the up
front cost of the installation. It seems the low up-front cost, and the money
saved and made over time was well worth it for Wake Forest Chiropractor, Dr.
Shawn Phelan. There's just nothing better than saving money while being green!
Monday, July 29, 2013
Monday, July 22, 2013
The Future of NC GreenPower is in Your Hands!
NC GreenPower is a 501(c)(3) nonprofit headquartered in Raleigh, North Carolina whose mission is to connect customers with renewable energy and carbon offset providers to improve the quality of the environment in North Carolina.
Recent changes in the program have shown the lack of support from the state. In order to continue to support the growth of small-scale renewable energy generators, they have eliminated the ability for generators to renew after the 5-year term. This allows them to continue to support the start up of small installations, but have also eliminated the ability of some generators to remain standing. More recently they reduced the incentive for all small-scale solar systems less than 5kw (DC rated) from $.08 to $.06. There is a new $25 application fee. However, this fee will be refunded if the project is generating to the grid within 90 days from the date the agreement is signed by the applicant.
The Board of Directors monitors the renewable energy market as well as donations to determine appropriate pricing and changes to the program. In order to prevent further reductions in price, NC GreenPower needs YOUR support! For just $4 a month, you can help support their generators and the growth of green energy throughout North Carolina. NC GreenPower took it into their own hands to support green energy growth and a cleaner environment. Now it's on our hands.
Click here for more information about NC GreenPower and the donation process.
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