Photo of the Month: November 2012   

 

TVA launched the new solar incentive program, Green Power Providers, on October 1st. So far, they have approved over half of the 2.5 megawatt program capacity for the rest of the year, shown in TVA GPP chart below.

TVA's solar premium will be $0.12 for projects with GPP Agreements executed by December 31, 2012.  However, TVA will stop accepting $0.12 Agreements on December 1st.  TVA expects solar premiums will be $0.09 for agreements received after 12/01/12.  

In order for the local distributors to submit applications to TVA by December 1st, they need to receive project paperwork 1-3 weeks prior to December 1st. The time is now to lock-in the 12 cent premium!

LightWave Solar facilitates the Green Power Providers application for our customers.  Contact us to get started.

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SunTrust's Home Equity Line of Credit (HELOC)
A home equity line of credit can significantly lower the out-of-pocket investment in solar. With TVA's Green Power Providers incentives and the 30% federal tax credit, monthly payments could equal electric bill offsets depending on system size, credit score and other factors. 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.

 

SunPower's One-Year Same-as-Cash Loan
SunPower manufacturers the most efficient solar panels on the market, and they offer a one-year, no interest loan that allows you to claim your 30% tax credit before making the first payment. LightWave Solar is the only Premier SunPower dealer in the state!  

 

Pathway Lending Energy Efficiency Loans

Pathway Lending is a Tennessee-based lender offering energy loans for businesses and non-profits at fixed, low rates: 3% for 5 years or 5% for 10 years.  

 

Renewable Energy Equipment Leasing (REEL)  

REEL offers several types and lengths of loans, including a 10, 20 and 30-year loan for homeowners and many other loans for businesses, non-profits and municipalities.  

 

If you would like to learn more, please contact us!

LightWave Solar was one of three finalists for the Nashville Technology Council's Sustainable Community Award, sponsored by Nissan, at the 2012 NTC Awards Gala on Oct. 23. Fellow nominee was University School of Nashville, a LightWave customer. Congrats to Peak 10 who won the award!

LightWave's Marketing and Social Media Intern, Michelle Ward, was also recognized at the awards gala as a finalist for Technology Student of the Year. She received a brand new laptop courtesy of the award sponsor, Hewlett-Packard. Michelle is a senior Public Relations student at Belmont University and has interned at LightWave for a year and a half.

LightWave Solar is hosting a free lunch & learn in Johnson City to explain TVA's new solar incentive program as well as the other financial benefits of adding solar to a business, including an overview of the available tax incentives.

Thursday, Nov 1 from 12-1pm.  Free BBQ Lunch!

Nelson Fine Art

324 East Main Street

Johnson City, TN 37601

The event is free and open to the public.  Please RSVP to Alexis Close at aclose@lightwavesolar.com or call 423-737-0151.