Local manufacturer installed solar and sees two year payback with financing!
LightWave Solar Insider
July 2015 Newsletter
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Solar 101 Workshops for Businesses 
Our workshops cover everything business owners want to know about going solar. We'll explain financial benefits, financing options and show example cash flows. Bring your electric bill, and we'll provide your preliminary estimate at the event! 

In Murfreesboro, Friday, July 31
BB&T logo
Co-hosted by BB&T
10:00 a.m. - 11:30 a.m.
Rutherford Co. Chamber of Commerce
3050 Medical Center Parkway
Murfreesboro, TN  37129
LightWave Solar Workshop Sign up

In Chattanooga, Friday, August 7 
10:00 a.m. - 11:30 a.m.
Business Development Center Training Room
100 Cherokee Boulevard
Chattanooga, TN 37405
LightWave Solar Workshop Sign up

In Franklin, Wednesday, August 12
10:00 a.m. - 11:30 a.m.
Ansbach Artisans Art Gallery - now solar-powered!
1974 Wilson Pike
Franklin, TN 37067
LightWave Solar Workshop Sign up
LB Processors, LLC: "We installed solar because it makes sense financially."
Solar at LB Processors Tax credits, utility incentives and attractive financing options are prompting businesses in Middle Tennessee to install solar as a way to reduce their operating costs and lower their tax burden.

One of the latest businesses to do so is LB Processors, LLC, an emu oil processor and distributor located in Chapmansboro, TN. LightWave Solar completed the 50 kilowatt (kW) system in May, and LB Processors recently received their first electric bill with solar that shows a generation credit of $700, about 25% of their total bill.

"First and foremost we installed solar because it makes sense financially," says LB Processors CFO, Trevor Peterson. "We looked closely at the numbers and were very pleased with the incentives and payback," he adds.

LB Processors participates in Tennessee Valley Authority's (TVA) solar incentive program, Green Power Providers, in which TVA buys 100% of solar generation for 20 years. This is the last year that new applicants can lock in a two cent premium rate for 10 years. For a 50 kW system, the average annual revenue for the first 10 years is approximately $9,000 per year.

"As electric rates go up, solar becomes increasingly valuable because of the avoidance of fuel cost increases over time," explains Brian Bickel, Director of Sales at LightWave Solar.

60 solar panels at LB ProcessorsStarting in 2016 TVA will only pay the retail rate with no premium for solar projects approved in next year's program. The difference is about $1,300 annually for a 50kW system.

"The drop in premium is supposed to reflect the drop in solar prices, though we do not expect solar costs to come down much next year," says LightWave Solar President Steve Johnson. "The two cent drop is not huge, but it makes an investment in solar look better this year," he adds.

LB Processors will claim the federal tax benefits that are still available for commercial solar installations. The Investment Tax Credit equals 30 percent of total solar project cost with no cap, and the Modified Accelerated Cost Recovery System (MACRS) is a method of depreciation in which the business can recover up to about 30 percent of their solar property costs over six years through annual deductions.

"But not every business wants to wait six or seven years to see upside from their solar investment," says Bickel. "LB Processors worked with BB&T to finance the portion of system cost that will remain after the first year tax incentives are recouped. This popular strategy allows the company to be cash flow positive in less than two years," explains Bickel.

"We are passionate about efficiency and squeeze waste out of our manufacturing process wherever possible," says LB Processors President and Founder, Paul Binford. "We've switched to LED lighting, installed energy management systems to reduce demand charges, and we reuse waste oil. Solar further reduces operating costs and fits right into our core values as a business," Binford says.

TVA's Green Power Providers program is currently accepting applications, but space is limited. Contact LightWave Solar for information on TVA's solar program, financing and more..
TVA Solar Program Update
2015 is the last year that new solar system owners can sign up to receive TVA's Green Power Providers program premium for solar electricity. Lock-in 10 years of premium payments by acting now!

TVA's deadline for customers to get in 2015 program and guarantee premium rates is November 13.

Contact us for a free preliminary estimate or if you already have an estimate or proposal, email us to move your project forward. 
Home Values Go Up with Solar
Selling Into the Sun The U.S. Dept of Energy's Lawrence Berkeley Laboratory recently released a report which shows solar increases home values even more than rooftop systems cost!

The study found that home values for homes with solar increased at the rate of $4 per watt on average. So, for a typical roof-mounted 5,000 watt system that costs about $17,500 before incentives and about $12,000 after incentives, home value increases by $20,000.

Researchers from National Labs, universities, and appraisers analyzed about 22,000 sales of homes (almost 4,000 of which had solar PV systems) in eight states from 1999 to 2013 -- "producing the most authoritative estimates to date of price premiums for U.S. homes with PV," according to Berkley Lab news release

Learn more about residential solar systems at our presentation tomorrow night:

"Residential Solar" hosted by Middle TN Sierra Club 

Thursday, July 9, 2015, from 7:00-8:00pm
LightWave Solar explains how solar PV works for homeowners. Topics include benefits, cost and available financial incentives and financing options. Presentation at Radnor Lake Visitor Center located at 1160 Otter Creek Road in Nashville. Click here for details.
Project Spotlights
Ansbach Artisans, solar powered art gallery in Franklin, TN
Ansbach Artisans in Franklin
This art gallery is now powered by solar! Stop by to see the 10kW system and check out original artwork by local artists.
Solar panels on home in Franklin
Homeowner in Franklin
This 10kW includes SolarEdge power optimizers which are ideal for roofs that have some shading. Efficient and beautiful!
Over 500 solar installations and counting...

LightWave Solar
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