December 18, 2017
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Comments for: Good Will-Hinckley school switches to solar power

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  • Cost       = $125,000 up front.
    Savings = $112,000 over 40 to 50 years.
    Just where is it a good investment?

    • Guest

      And they do not include in that cost the cost of interest on the loan.  Nor are there any numbers for projected repairs and maintenance among other things.

      Every time I have seen all the numbers for one of these installations I have found the numbers presented to the public have been cooked and the total cost over the life of the system badly underestimated.  Always the savings end up being negative, or in other words IT COSTS MUCH MORE.

    • Anonymous

      Jerry – the way
      the article is written does lead to a little confusion as you note.  The
      predicted energy savings for the system is a little over $5,000 a year at
      today’s energy prices – closer to $200,000 in savings over 40 years.

      This project uses a model where we (as the installer) own the equipment and
      are able to take advantage of tax incentives such as the 30% federal tax
      credit.  We then sell power back to Goodwill-Hinckley and offer them the
      opportunity to purchase the system back for a discounted price after a period
      of years.  As owner of the equipment we take care of all maintenance
      required, which is minimal to none for these kinds of systems.

      Note that what’s remarkable
      about this system is that it allows nonprofits to focus on their real
      mission of education, by dramatically reducing their energy costs over
      decades.  That’s real change!  That net savings figure of
      $112,000?  That is the savings to the School, compared to purchasing their
      electricity from the utility.  The upfront cost is covered by
      ReVision.

  • Joe Eric

     It is good to see this blog as it is making the people impressive and make use of solar panels on the source of the electrical energy through which increasing the level of power in watts and on the other hand reducing the production of electricity. Solar panels help the society from the proper usage of panels for generation of heat…………..

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