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Solar cost savings
Many people who
are thinking about using solar
energy would like to help the
environment. Solar energy is a
simple business decision that
not only helps the environment
but should make sense from a
cost benefit perspective.
Click
Here To Download Energy Credit &
Rebate Information
Energy Savings
As detailed in
Table 2, the 69 installations
completed during the first year
of the rebate program off-set
consumption of electricity and
fossil fuels by conventional
systems. Installed PV systems
are estimated to save 76.2 MWh
annually with lifetime savings
of 1,524 MWh. Installed solar
hot water systems are estimated
to save annually 4,020 gallons
of fuel oil, 3,141 gallons of
propane, and 33.2 MWh of
electric hot water.
SOURCE:
Maine Solar
Energy Rebate Program 2006
Annual Report
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Table 2: Maine Solar
Rebate Program 2006
Combined Savings
|
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Savings by System and
Fuel Type Displaced
|
Number of Systems |
Annual Savings
|
Lifetime Savings
|
Annual
CO2
Savings (Metric Tons)
|
Lifetime
CO2
Savings (Metric Tons)
|
|
Solar Photovoltaic (PV)
(MWh) |
22 |
76.2 |
1524.0 |
35.5 |
709.9 |
|
Solar Hot Water (Gallons
of Oil Savings)
|
22 |
4020 |
80,406 |
47.5 |
949.4 |
|
Solar Hot Water (Gallons
of Propane Savings)
|
16 |
3141 |
62,826 |
18.1 |
361.1 |
|
Solar Hot Water (MWh
Savings) |
5 |
33.2 |
663.2 |
15.4 |
308.9 |
|
Solar Air (Gallons of
Oil Savings)
|
4 |
566 |
11321 |
6.7 |
133.7 |
|
TOTAL |
69 |
n/a |
n/a |
123.1 |
2463.0 |
The report show's
cost savings as follows:
For the average
home that heats with oil the
savings in gallons of oil per
year is
182.73
With a life
time savings of
3,654.82 Gallons
Based on oil fuel
cost of today as of 8-17-07 the
cost of fuel per gallon is $
2.40 and could go up to $ 3.00
or more by winter.
After 9/11 oil
prices have only risen and are
not expected to lower. What will
we pay in
5 or even 10
years?
Follow the graph
below to see the history of oil
prices.
We feel the pay
back of our solar systems will
be very fast based on the fuel
projections.
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