Posts Tagged ‘residential’
www.solardave.com solardave: How much of your business is residential verses commercial? Cary Hayes: Colorado about 70 to 80 percent is residential and another 20 or so % would be small commercial and medium commercial. The commercial program in Colorado has been slow to take hold for a variety of reasons. One has been some uncertainties with the rebate program there. Xcel rebate program is divided in to three catagories: 1. 0-10KW residential program $4.50 watt 2. 10KW to 100KW is that medium commercial level, $2 watt up front rebate, but then pays 11.5 cent per kilo watt hour for the production of the system for 20 years. That is pretty interesting. We are excited to be doing a couple of products in that category right now. 3. 100KW to 2 Mega Watts (solardave – “power station”) large commercial. This is done by RFI (request for proposal) basically come out twice a year, such as the Colorado Convention Center downtown, 1.8MW facility in Belmar neighborhood in Denver with a carport thing. Also 1-2MW at DIA (Denver International Airport) that is going in. The medium to large system are financed through what is called a PPA (Power Purchase Agreement) which is basically a financing mechanism to pay for the system without the host customer paying anything. For example one of the projects that we are involved in has a PPA and the host customer pays nothing up front for the system at all. Except they pay for the Kilo Watt hours that the system produces. So a large financing …
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