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V. Sattui Solar Power Winery

V. Sattui Solar Power Winery

Save money while you do the right thing for your community's environment

Akeena Solar designed a 34 kWh solar power system the V. Sattui Winery in Napa V. Sattui Solar Power WineryValley .

This system includes 198 Kyocera 170 modules and 1 Xantrex PV-30208 inverter. Peak power generating capability is 33,660 watts (based on manufacturer output ratings). This system provides about 45,350 kWh per year -- after taking into account various real-world efficiency losses. Annual utility electric expenses were reduced by approximately 16.2%.

Total costs of the solar energy system were $252,450, including all equipment, permits and installation on this corrugated steel roof (specialized mounting method was required).

The customer received:
$76,507 rebate from the California Energy Commission
$52,783 in federal tax credits.

Net costs to the owner: $123,160.
The solar energy system will reach an economic breakeven point in 5.2 years.

This solar energy system will save V. Sattui $12,517 per year, based on:

  • current commercial electric rates
  • 7% discount rate
  • 30 year solar energy system lifetime
  • 5% annual electrical rate increases
  • 6% borrowing rates
  • 42% combined State and Federal tax rates

According to the Appraisal Institute, energy saving improvements increases your property's value by $20 for every $1 reduction in annual energy usage. In this case the value of the building was increased by $123,629 in current dollars -- more than the net cost of the solar energy system itself! On a cash basis, this customer's electric bill went down by $515 per month in the first year.

Solar Energy System Design and Energy Bill Analysis
Our recommendation to install this particular solar energy system was based on a detailed analysis of the customer's energy bill, roof condition, orientation, electrical system, local weather conditions, environmental interests, financial goals and aesthetic preferences. This analysis was summarized in a detailed, 50+ page report that we presented to V. Sattui. The two bar charts below highlight the results of our before and after energy bill analysis.

V. Sattui Electric Costs Without Solar Power

V. Sattui Electric Cost With Solar Power

Environmental and Financial Benefits
The following two tables summarize the environmental and financial benefits that the solar energy system will provide over its 30+ year lifespan.

PV System Investment Summary

198 Modules

Total Installed Price

 

$254,950

Less Initial Visit Discount

-$2,500

Contract Price

 

$252,450

Less Refundable Audit Fee

$0

Rebate

 

 

-$76,507

Price Net of Rebate

 

$175,943

 

 

 

 

State Solar Tax Credit

 

$0

Federal Solar Tax Credit (residential)

$0

30% Federal Tax Credit (business)

-$52,783

Net Price

 

 

$123,160

 

 

 

 

Estimated REC Revenue (10yr)

$0

Depreciation Tax Benefit (MACRS)

$51,727

Increase in Appraised Value

$123,629

 

PV System Saving Summary

 

 

Peak Power Output (DC watts)

33,660

 

Annual Energy Output (kWh/yr)

45,350

 

First Year Energy Savings

$6,181

 

Total Energy Savings (30 yr life)

$375,518

 

Locked In Net Cost/kWh (30 yr life)

$0.0905

 

Rate of Return

12.2%

Environmental Benefits

 

Avoided CO2 (30 yr life)

908,388

pounds

Avoided NOx (30 yr life)

838

pounds

Avoided SO2 (30 yr life)

247

pounds

These savings do not take into account several important factors:

  • Distributed solar power is a renewable energy resource and very kind to the environment.
  • Renewable solar energy system improvements add significantly to the value of your property without any increase in the assessed value in most municipalities.
  • Cash flow savings are likely to be hundreds of dollars per month if you were to install a solar energy system in conjunction with other energy saving devices - and then refinance the entire package at a lower interest rate.

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