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Photo of the Month: July 2012   

Rx Med Solar Panels

Pictured above is a new 50 kilowatt solar array at Rx Med in Lebanon, Tennessee. LightWave Solar commissioned the system last month under the existing TVA Generation Partners program.

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Changes Planned for TVA Generation Partners Program, Sign Up Now  

  

LightWave Solar is encouraging all potential solar system owners to move ahead with project development before the Tennessee Valley Authority (TVA) changes their popular Generation Partners solar program this year. Under the current program, solar system owners receive 12 cents plus the base rate (totaling about 22 cents) per kilowatt-hour of solar electricity.  

 

"Generation Partners has been a real driver for solar development in the Valley, creating jobs and diversifying TVA's portfolio," says Steve Johnson, President of LightWave Solar. "Unfortunately, it appears that TVA will be scaling back the program."

 

According to the TVA website, the new program will be called Green Power Providers. Changes could include lower incentives, resulting in lower returns on solar investments. Premium amounts will be reviewed and evaluated annually with plans to phase them out over time. In addition, participation will be subject to annual limits.

 

"Because of the uncertainty, we are encouraging Tennessee businesses and homeowners to become TVA Generation Partner participants and lock in the 12 cents above base rate for 10 years," says Johnson. "That way businesses and residents, the ratepayers, receive the best possible returns for their investment."

 

A 50 kilowatt system, the maximum system size allowed under Generation Partners, can generate over $14,000 annually. Combined with the 30 percent federal tax credit, accelerated depreciation benefits, and a $1,000 cash bonus from TVA upon installation, the payback period on a solar investment can be as short as six years. After that, the system generates income for decades.

 

Contact us to begin the interconnection and Generation Partners application process. Click here to visit the Generation Partners website.

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Home Equity Lines of Credit for Solar Systems 

 

SunTrust

LightWave Solar has partnered with SunTrust Bank to offer Home Equity Lines of Credit for solar PV systems.  

 

With Generation Partners' 12 cent premium, TVA's $1,000 installation incentive and the 30% federal tax credit, monthly payments could equal electric bill offsets depending on system size, credit score and other factors.  This financing could significantly lower the out-of-pocket investment in solar. 

 

Current variable rates are as low as 2.99% and fixed rates start at 6.49%.

 

Features include no closing costs if open for 3 years or more, loan approvals generally within one day, and minimum documentation requested.

 

Please contact us for details, and we will put you in touch with a SunTrust partner.

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Upcoming Events:  

Solar Tour and Energy Efficiency Workshop in Nashville & Solar Energy for Business Seminar in Memphis

 

Nashville: Solar Tour and Energy Efficiency Workshop on August 4 

LightWave Solar and E3 Innovate will host an educational Solar Tour and Energy Efficiency Workshop. The event will include a tour of a solar PV system and an overview of effective efficiency measures that help make homes more comfortable, healthy and less expensive to heat and cool.

   

Zhito home is solar-powered and energy efficient.  Come check it out!

Saturday, August 4 from 9am-10:30am  

At the Zhito Residence
1608 Graybar Lane
Nashville, TN 37215

 

The event is free and open to the public.  Please RSVP to Grace Robertson at grobertson@lightwavesolar.com or call 615-641-4050 x104.

 

 

 

Memphis: Solar Energy for Business Seminar on August 9

LightWave Solar in Memphis is hosting a Solar for Business Lunch & Learn.  We will explain the financial benefits of adding solar to a business, including an overview of the available tax incentives and the current TVA Generation Partners program and its expected changes this year.

 

Thursday, August 9 from 12-1pm.  Lunch is included!
River Tower at South Bluffs Clubhouse
655 Riverside Drive
Memphis, TN 38103

 

The event is free and open to the public.  Please RSVP to Grace Robertson at grobertson@lightwavesolar.com or call 615-641-4050 x104.  

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Solar PV Installations Increased 85% in Q1 2012 Over Q1 2011 

 

US-Solar-Installations-Q1-2012
FIGURE: U.S. PV Installations, 2010-Q1 2012

 

Growth in solar photovoltaics (PV) markets in the U.S. is maintaining its breakneck pace from 2011, according to the U.S. Solar Market Insight: Q1 2012, a report by GTM Research and the Solar Energy Industries Association (SEIA).

 

Led by strong growth in the commercial market segment, the U.S. installed a record of 506 megawatts (MW) over the first three months of this year, more than any other first quarter on record.

 

Furthermore, Tennessee ranked 5th in the US for Q1 2012 growth with about 9 MW installed. Click here to read more. 

LightWave Insider is a monthly online newsletter from LightWave Solar bringing you news and information about the solar industry.  

Where We'll Be...

 

Solar Tour and Energy Efficiency Workshop in Nashville 

Sat, Aug 4 9-10:30am

The Zhito Residence
1608 Graybar Lane
Nashville, TN 37215

More info here

 

Solar Energy for Business Seminar

Thurs, Aug 9 12pm-1pm

River Tower at South Bluffs Clubhouse

655 Riverside Drive

Memphis, TN 38103

More info here  

 

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3026 Owen Drive, Suite 104, Antioch, TN 37013

Phone:615.641.4050

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