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Fueling Electric Vehicles. David G. Schieren, CEO. Presentation Overview . EmPower State of Solar Solar Financials Solar & EVs. US Department of Energy Solar Decathlon. Over 100,000 attendees. Success. 100,000 enthusiastic visitors. Solar-Hydrogen-Fuel Cell System. Em Power ’s Focus.
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Fueling Electric Vehicles David G. Schieren, CEO
Presentation Overview • EmPower • State of Solar • Solar Financials • Solar & EVs
US Department of Energy Solar Decathlon Over 100,000 attendees
Success 100,000 enthusiastic visitors
EmPower’s Focus • Solar Energy Engineering & Installation • Residential • Business • Municipal • Non-Profit • Electric Vehicle Charging Infrastructure
Company Overview • Founded In 2003 • Solar Engineering & Install • 45 Employees • +500 Installations • > 7 MW Installed
EmPower’s Vision • Driven by the fundamental belief that renewable energy will lead to a more prosperous, healthy and civil world. • Renewable energy has the potential to power our buildings AND our cars.
Presentation Overview • EmPower • State of Solar • Solar Financials • Solar & EVs
Enough Sunlight Falls On Earth In One Hour To Power The WORLD For One Year
2006 – 11 Annual US (MW) 77% 5 Yr CAGR
Solar PV to Power LI • 20 Million kWh Electricity 2008 (LIPA) • 1225 kWh (AC) per 1 kW (DC) in NYC@ 180, 33 tilt, fixed array • 16 GW Array Necessary • 16 w/sqft (high efficiency panels) • 37 sqmi • 6.0 mi x 6.0 mi
Presentation Overview • EmPower • State of Solar • Solar Financials • Solar & EVs
Solar Loan: Monthly Pre-Tax Credits Post-Tax Credits: Next April Profit $80 Old Bill $200 Solar Loan $235 Old Bill $200 Solar Loan $120
Solar Lease: Monthly Profit $80 Old Bill $200 Solar Lease $120
Commercial Incentives • Over 50 kW • NYSERDA Incentive Bid (Non-LIPA NYS) • LIPA Feed-In-Tariff • Under 50 kW • LIPA Rebate • NYSERDA Rebate • Tax Incentives • Federal Investment Tax 30% • NYC Property Tax Credit 10% • Accelerated Depreciation
Commercial: Ownership • Invest Cash • Finance w/ Bank Loan • Must Use Tax Benefits • Maximum ROI • 3 – 4 year simple payback • 15%+ IRR
Commercial: Third Party • Lease to own (operating lease) • Power Purchase Agreement (PPA) • Land/roof lease • Steady Returns • Cash flow positive • Reduce risk • Lower upside
Takeaways • Solar Successful Because • Cheap (getting cheaper) • Clean • Reliable • Renewable • Domestic • Storage will come, then unstoppable
Presentation Overview • EmPower • State of Solar • Solar Financials • Solar & EVs