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!
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