Commercial installs
Mar 5th, 2008 by solarbill
Prime solar has just finished installing our first large commercial system. It is 98.55kW DC consisting of 365 SunTech 270W panels and 12 SMA inverters. The cost of the system was about half a million dollars. The owners received about $32,000 in state rebates and a check from the Federal Government for nearly $150,000, representing 30% of the cost of the system. They were also able to write off about $425,000 in depreciation in the first year the system was placed in service. With a little creative financing they were able to borrow the money needed to install the system and have almost no negative cash flow.
The loan will be paid off in 8 years and in its lifetime the system will generate over $2,700.000 in utility savings, and offset the production of over 3000 TONS of carbon dioxide. It has been a year since we installed the system and their electric bill went from $66000/year to $500 for the year!
More photos at: http://www.flickr.com/photos/primesolar/sets/72157626210391467/with/5204485005/
We just finished another commercial system this one consists of 125 Sharp 240W panels and 4 SMA 7000US inverters. It is on a facility in Glendale. Total cost $133,000. It is producing very well and should pay for itself in under 7 years and the customer had no out of pocket expense other than the permit.
