Vermont law requires each utility to accept new net-metering connections until all of the net metering capacity as a whole is equal to 15 percent of the utility’s peak demand. Green Mountain Power has now reached more than 11 percent. In July, they were at just over 9½ percent. At this rate of new connections, GMP will reach its cap in less than half a year.
With the Federal tax credit deadline beginning to loom, the remaining net metering capacity could easily accelerate, bringing GMP to its cap even more quickly. Once it reaches the cap, GMP has the legal option to prevent new solar net metering connections from going forward, or to allow them but with reduced net metering credit.
In short: if you get your electricity from GMP and don’t move solar to the front burner now, you could easily miss out on today’s simple, high-value solar.
Every day you wait is a day that you pay the utility for your power rather than generating your own. Every day you wait is a day with increasing carbon emissions and decreasing ability to reverse the global warming trend.
If you have been waiting on solar because it seems intimidating, perhaps too complicated, fear not. Going solar is incredibly simple and plain sensible. Call or email us to dispel your fears and do right by your head and your heart.
Do you prefer to learn about topics with live conversation instead of by browsing the internet? We are offering several public presentations/Q&A sessions over the coming weeks. Please join us, and bring all your questions.
Refreshments served at all events.
We are in the process of scheduling additional events. To be sure to find one that fits your location and schedule, give us a call at 802-649-3700 or send an email. Even better, call or email to have your own conversation whenever is convenient for you. We are happy to discuss all things solar over the phone or by email or in person with a free home visit.
Solar purchases are eligible for a Federal tax credit worth 30% of the purchase. This applies both to residential and business purchases of solar.
The law that gives the credit expires at the end of 2016. To qualify for the credit, a solar array must be installed and in operation by December 31, 2016. Payment towards a solar array that has not yet been completed does not qualify for any credit. After that date, the credit for residential solar completely goes away. For businesses, the credit drops from 30% to 10%.
It is extremely likely that many homeowners and businesses who have been thinking about going solar but have been putting it off will see this coming year as the time to get off the sidelines. With limited numbers of trained installers and finite manufacturing capacity, we will not be able to ensure that all comers can have a Solaflect Tracker installed in time to qualify for the credit. If you wait until next summer—the time of year that most people remember to put solar at the top of their to-do list—you could easily be too late to get into the installation schedule for 2016.
Whether you think you will do best with a Tracker on your property or hosted off-site at our Community Solar Park, each day you wait is a day closer to risking the loss several thousands of dollars worth of tax credit. Think about it: if you are pretty sure you want to go solar eventually, why wait? Why keep paying out to the utility when you could begin receiving solar savings now? Why risk being a day late and a dollar short?
Solaflect Energy is proud to be a part of helping change our energy economy to one that is based on clean renewables. We do our work because we want a better world, a world with healthier people, a stable climate, more vibrant ecosystems, and an economy that everyone can afford to live in. Solar is our contribution toward those goals. And because we believe in solar, we don’t play games with it. When we tell our customers we are selling them solar energy, we mean it. We don’t do the bait-and-switch that some other companies do.
Vermont Law School professor Kevin Jones has a commentary in VT Digger on this issue.
KEVIN JONES: TOO GOOD TO BE TRUE?
Editor’s note: This commentary is by Kevin B. Jones, PhD, who is a professor of energy technology and policy at Vermont Law School. He can be contacted at firstname.lastname@example.org.
The sharing economy and solar energy seem like such a natural combination, kind of like apple pie and vanilla ice cream. Green Mountain Power and Yeloha’s recent press release announced that “Yeloha and GMP will make it possible for individuals who don’t have a roof suited for solar to subscribe online to power produced by other homeowners and businesses, essentially going solar on someone else’s roof.”
It almost sounds too good to be true and perhaps it is…
Read the whole commentary at http://vtdigger.org/2015/10/07/kevin-jones-too-good-to-be-true/.
If you have a shaded roof or for any other reason can’t go solar with panels installed at your home, you can honest-and-truly go solar with hosted, off-site equipment at the Solaflect Community Solar Park.
Energy Week hosts George Harvey and Tom Finnell were kind enough to invite Solaflect to discuss the Suspension PV Tracker in a special episode of their TV show. Thank you, George and Tom!
Energy from the sun is the most abundant and, certainly in the long term, lowest cost way to power our lives and society. But there’s no sense in generating energy only to waste it. Efficiency Vermont is a terrific source of information—and often discounts or rebates—for making your home or business more energy efficient. Their latest email newsletter includes details on improving windows with low-e storms rather than full replacements. Check it out.
So says Vikram Aggarwal in Inc. magazine:
If you’re a business owner, installing a solar energy system might seem like a risky move in a complex and confusing market. You may have heard about major Fortune 500 companies going solar, but thought that it might not be feasible for your organization. Maybe you’re considering installing solar panels at some point in the distant future, when your organization can afford to make a major investment in something that seems like an environmental “good” rather than a strategic financial decision.
Time to shake off that old way of thinking and join the growing chorus of smart business owners that have discovered the commercial solar benefits for business. Solar isn’t just for Intel and Wal-Mart anymore. Businesses of all sizes are capitalizing on the financial opportunities of installing solar, proving that a solar energy system is a key strategic decision that virtually guarantees a solid financial return for your business.
Full story continues…
According to US News & World Report, the #1 long-term, national municipal bond fund has—over the past ten years—returned an an annual rate of 4.8%. This is the longest time span that US News reports.
Our estimate for the Internal Rate of Return on a Solaflect PV Tracker hosted at our Community Solar Park is 5.0%, over 20 years. The reason we show a comparison with a municipal bond fund is because that sort of investment is non-taxable, and solar net metering provides non-taxable value to residential electricity customers: net metering reduces your cost of living, freeing up your money for other things, but does not provide cash income which would be taxable.
A key assumption in this estimate is that electricity rates with Green Mountain Power will rise at an average annual rate of 2.65%. We use this assumption because that has been the average annual increase in residential electric costs in Vermont over the past 25 years. If rates rise more quickly in the future, then the return on a Tracker increases because it is saving you more than had been assumed.
Be aware that many solar companies describe the expected Return on Investment (ROI), whereas the estimate above is for the Internal Rate of Return (IRR). These are calculated in different ways and cannot be compared. The IRR is a superior measure of expected performance, because it takes into account the difference between value received in the short term and value received in the long term. Additionally, it gives you a result that can be compared to traditional investment features, such as the interest rate on a CD or money market account. The ROI is much more rudimentary, does not allow for the difference between near term and long term, and cannot be compared to any of those other measurements.
The municipality of Norwich, Vermont is now powered 100% with solar energy provided by Solaflect Energy. Norwich is the first town in New England, and one of only a small number in the United States, to have its town facilities fully powered by solar. Read more about the town’s partnership with Solaflect in this CNBC article.
Solaflect would like to thank Town Manager Neil Fulton, the town Selectboard, and the Norwich Energy Committee for choosing to go solar and for choosing Solaflect to be their partner.
[Originally posted April 30, 2015. Revised September 23, 2015.]
…to go Solaflect, that is. Why?
We are at the Cornish (NH) Fair all this weekend, August 21-23. Come on over to learn about the Solaflect PV Tracker and while you are at it have fun with the rides and farm animals. Our table and demo Tracker are by the tractor display and bunny tent.
Solaflect Energy customers in Windham County can now take advantage of a special loan program, developed in response to the shutdown of Vermont Yankee nuclear power plant. The program provides interest rate reductions for Windham County residents who finance a solar purchase through VSECU’s (already excellent) VGreen loans.
For more information, visit https://www.vsecu.com/energy-savings/loans/specialized-loans/windham-county-solar-loan-program.
WASHINGTON (AP) — Earth dialed the heat up in June, smashing warm temperature records for both the month and the first half of the year.
Off-the-charts heat is “getting to be a monthly thing,” said Jessica Blunden, a climate scientist for the National Oceanic and Atmospheric Administration. June was the fourth month of 2015 that set a record, she said.
“There is almost no way that 2015 isn’t going to be the warmest on record,” she added.
If you buy a PV Tracker from Solaflect, you are honest and truly going solar. This is true both for those who have Trackers installed on their own property, and for those who have Trackers that are hosted at one of our Community Solar Parks.
Unfortunately, this is not always the case for Vermont residents participating in other so-called community solar projects. A recent article by Vermont Law School professor Kevin Jones in the Rutland Herald explains that some of these projects only look like solar on the surface, when in fact participants end up buying primarily fossil fuel power from the regional grid.
If you want to go solar, be sure to ask the company you deal with whether your purchase or lease is truly giving you solar. You are going solar ONLY if you have legal claim to the “renewable attributes,” aka RECs, that are associated with the solar equipment.
Solaflect is proud to be a solar company from top to bottom. We offer real solar and nothing else.
BCTV’s “Energy Week with George Harvey” produced a special show on the topic of Solarize Dummerston. Solaflect representative Jonathan Teller-Elsberg joined other guests on the show to discuss the solarize program and solar in general. You can watch below or here.
Daniel Hoviss, advisor to Solarize Dummerston, was interviewed on WKVT Radio about that Solarize program. Solaflect is a partner installer with the program. Hear Hoviss’s interview at http://wkvtradio.com/gmm/summer-of-solar/.
Solaflect is proud to have been selected as a partner installer for Solarize Dummerston (Vermont). The Solarize Dummerston committee selected three partners. Originally, the committee had planned to select two partners, one to provide solar installed at the customer’s property (primarily rooftop solar) and one to provide community solar. As the committee wrote,
Although tracking systems were not part of our original request for proposals, we received a proposal from Solaflect that was too good to not include in our program.
Solaflect Energy’s work with the town of Norwich to provide the municipality with solar has been profiled on the evening news by WPTZ NewsChannel 5 (Colchester, VT) / WNNE NewsChannel 31 (White River Junction, VT).
If you missed it in real time, see it here: “Norwich goes 100 percent solar.”
Elon Musk and Tesla have recently announced a major initiative accelerating the transition to a solar future. They are taking their battery technology out of their cars and making it available for houses and the grid. Although the initial release is several months away, and technical details are still lacking, it is a huge and exciting step towards a solar future. Take a look at his video and spread the word:
Bob the Green Guy recorded two recent “community solar” forums. His videos are now available for your viewing pleasure:
The second forum at the Montshire Museum was particularly interesting. The first speaker was Kevin Jones, director of the Energy Law Clinic at Vermont Law School, which has recently published a report on community solar. He pointed out important legal details which are often glossed over.
The first key points he emphasized is that many so-called “community solar” projects do not actually provide solar to their participants, because they sell off the Renewable Energy Certificates (RECs) associated with the developments. As a result, any explicit or implicit suggestion that participants of these projects receive solar energy is, in the words of the Federal Trade Commission, “deceptive marketing.” (16 CFR §260.15(d).) Instead of providing their customers with solar energy, developers of such projects actually provide their customers with what is called the “residual mix,” consisting of 60% fossil fuel generation, 37% nuclear generation, with a mere 0.16% solar.
The other point he makes—easy to miss as it happened quickly—is that these sales of RECs do not help to accelerate the development of solar energy. Instead, selling RECs from “community solar” projects actually slows down the overall build out of solar.
Solaflect Energy does not sell any RECs associated with our Community Solar Parks. Our participants are truly going solar, and saving money at the same time.
Solaflect Energy is looking for an enthusiastic sales person to increase the presence of Solaflect Suspension PV Trackers throughout Vermont and NH. The ideal candidate is personable, and has excellent telephone, interpersonal, presentation, writing and computer skills. Several years of success in consultative sales is ideal, but we are willing to train the right person. A strong interest, background and knowledge in solar or environmental issues is also desirable. A high level of trust and integrity is a requirement for the position.
If you would like to be considered for this position, please send a resume and cover letter to Thera Callahan, email@example.com.
All those homeowners who have been installing residential solar panels over the last decade may find it was a more practical decision than they thought…” Read the full article!
Winter is coming in Vermont and we are rushing to get our last Suspension PV Trackers into the ground before it is frozen. We have had a great reception in Vermont and New Hampshire, and have had a great season of installing Trackers. Thank you to our new customers!