LightWave Solar and BB&T will host two Commercial Solar Lunch and Learn events to explain the financial incentives for commercial solar installations, including the 30% Investment Tax Credit, MACRS Accelerated Depreciation and TVA’s solar incentive program. Presentation will also include an overview of an attractive financing option through BB&T. Join us on either date to learn how solar investments make sense for businesses!
Congratulations to John Robinson, Matt Pelerossi and Daniel Hodge for earning their NABCEP PV Certifications!
Matt and Daniel earned the PV Installation Certification, and John earned the PV Technical Sales Certification. LightWave Solar now employs 11 full NABCEP certificate holders, more than any solar company in Tennessee.
NABCEP (North American Board of Certified Energy Practitioners) is the gold standard for third-party solar certification, and full certification means passing a rigorous exam and meeting quality training and experience requirements. We already knew John, Matt and Daniel were great assets to LightWave Solar, but now potential customers, colleagues and other solar professionals will know too.
Click here to learn more about NABCEP Certification.
The graph below shows the amount of solar installed in TVA’s residential and small commercial solar program, Green Power Providers, since 2009. You can see that solar installs have been falling since 2012 and only 1.5 MW of solar was installed in the first half of this year!
Solar installations sky rocketed in 2011, and TVA began cutting back the program. The market withstood the drops in the incentive payments since solar costs were falling significantly as well. However, system size limits and program caps have resulted in a program that undercuts the solar market.
Long story short: The demand for solar is higher than TVA’s 10 MW cap, and the extremely low cap has nearly killed the region’s solar industry. Though capacity is set at 10 MW, it is highly unlikely that 10 MW will actually be built in 2014 due to TVA’s approval process. We estimate 5-6 MW of solar will be installed in 2014.
As solar continues to grow nationally, as peer utilities set much bigger solar goals, and with solar prices at their lowest, TVA should double or triple solar program capacity, or get rid of the stifling cap altogether. If you would like to help, you can email the TVA board members at email@example.com. Feel free to include the graph above and let them know you would like to see more solar installed in the Valley.
As part of Nexus Energy Center’s monthly lunch & learn series, LightWave Solar will present a Commercial Solar Seminar. The presentation will explain the financial incentives for commercial solar installations, including the 30% Investment Tax Credit, MACRS Accelerated Depreciation and TVA’s solar incentive programs. Presentation will also cover the AlabamaSAVES loan option which provides 1% fixed rate financing to Alabama businesses. Join us to learn how solar investments make sense for businesses. Presentation and lunch will be held at the Nexus Energy Center in Huntsville. Lunch is free to members and $10 for non-members (you can pay at the door if you prefer).
Commercial Solar Lunch & Learn Thursday, September 18 from 11:30am -12:30pm Nexus Energy Center 6767 Old Madison Pike, Suite 730 Huntsville, AL 35806
Experienced engineering, procurement and construction (EPC) firm LightWave Solar continues to help lead Middle Tennessee towards a cleaner future with the installation of two new solar photovoltaic (PV) parking canopies at City Square Shopping Center in Hendersonville, located about 20 miles north of Nashville. The highly visible solar canopies are designed to power the shopping center’s 10 electric vehicle (EV) charging stations. At 47.5 kilowatts, the solar parking system will be the largest in Tennessee. Construction began this month.
“The solar canopies will demonstrate their inherent benefits including shade, shelter, and clean, renewable electricity for EVs and the local power grid,” says City Square Shopping Center owner, Greg Smith, who has as many or more public EV charging stations than any site in Tennessee. “When our shoppers’ and tenants’ EVs are powered by solar, they will have an even smaller carbon and pollutant footprint since the fuel used to charge the vehicles will be sunlight.”