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- Path: sparky!uunet!think.com!ames!sgi!cdp!ei
- From: Essential Information <ei@igc.apc.org>
- Newsgroups: sci.energy
- Date: 31 Dec 92 12:38 PST
- Subject: Re: Energy Ideas -- Solar Power
- Sender: Notesfile to Usenet Gateway <notes@igc.apc.org>
- Message-ID: <1466300124@igc.apc.org>
- References: <1466300121@igc.apc.org>
- Nf-ID: #R:cdp:1466300121:cdp:1466300124:000:4198
- Nf-From: cdp.UUCP!ei Dec 31 12:38:00 1992
- Lines: 90
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- FINANCING SOLAR ENERGY PROJECTS
-
- The greatest obstacle to the use of solar power is the lack of
- capital to purchase the systems. As discussed in our last issue
- ("Opportunities Abound for Financing Lighting Retrofits"), a number
- of financing options exist which can cover some or all of the
- initial purchase price. For some time, the federal government has
- been the primary source of funding for solar projects. However,
- lower costs for solar systems, as well as higher environmental
- standards, inefficiencies and expenses in constructing central
- power plants and a growing awareness of environmental problems,
- have brought about a variety of options for funding solar projects.
-
- Federal Funding
-
- The Department of Energy's Institutional Conservation Program (ICP)
- provides 50 percent matching funds for energy conservation projects
- in schools and hospitals. Since 1979, the program has allocated
- $860 million, with resulting cumulative savings of $2.8 billion.
- An area of focus for ICP is energy used to heat swimming pools,
- which can be provided by solar thermal energy.
-
- Demand-Side Management Programs
-
- Some utilities are experimenting with solar power to manage their
- electric demand. New buildings and equipment may include
- photovoltaic systems to offset the amount of electricity required
- from the utility. Utilities might begin to generate electricity
- on-site, charging for the equipment, at each building rather than
- provide central power. For example, as mentioned earlier, the New
- York Power Authority installed a PV-powered lighting system at the
- Ally Pond Environmental Center. In addition, Niagara-Mohawk
- installed a PV system on the roof of the Naval Building in Latham,
- New York. Contact your local utility to determine whether they
- will assist you in using solar energy.
-
- Multi-State Purchasing
-
- According to John Dunlop of the Interstate Solar Coordinating
- Committee, states can significantly reduce their purchasing costs
- through economies of scale. If a few jurisdictions or states
- jointly purchase the same equipment, such as flashing arrow boards,
- they will obtain lower prices for high-volume orders. Oil
- Overcharge Funds
-
- Oil overcharge funds are monetary settlements returned to the
- states as a result of litigation by the U.S. Department of Energy
- against certain oil companies for alleged violations of price
- controls in effect between 1973 and 1981. The courts returned
- these funds to the states for use in certain energy programs deemed
- to provide restitution to citizens aggrieved by the overcharges.
- Some states, such as Texas, have used these funds for solar
- projects. Among the projects to receive funding were a PV lighting
- system for a park, a system to provide power to a nature center,
- and a facility for solar detoxification of industrial waste water.
- Contact your state energy office (or secretary of state) to
- determine whether these funds are available for solar power
- projects.
-
- State Energy Office Funds
-
- Some state energy offices have provided funding for some solar
- projects. Contact your state energy office to determine whether
- you may qualify for funding.
-
- Leasing Equipment
-
- Another possibility is leasing photovoltaic equipment. As
- mentioned on p. 8, the Illinois Department of Transportation is
- renting flashing arrow boards from a company and is paying for them
- with the money formerly used for operating and maintaining the
- diesel equipment.
-
- Leasing Contracts
-
- In a leasing contract, a vendor will install solar equipment and
- then charge a rate for the electricity provided, thereby repaying
- their investment in the equipment. For example, the Department of
- Defense (DOD) wants to replace the diesel generators which supply
- energy to island bases, such as Guam or San Clemente, with PV
- systems. The cost of their diesel generators now ranges between
- 20 to $1.00 per kilowatt-hour. Solar energy contractors state
- that a PV system would cost between 20 to 35 per kilowatt hour.
- DOD could have a contractor install PV systems to power their
- island bases and pay the rate charged by the solar companies. Upon
- completion of the project, this yields a savings of up to 65
- percent in electricity costs for the entire base.
-
-
-