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| Saving Energy and Resources in Durham, NC |
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Energy and Resource Saving, Durham, North Carolina.Our home is in central North Carolina, United States, at a latitude of 36 degrees North *. Basic details about our home:
We moved in to the home in the Summer of 2006. In late February 2007 we installed a 80 gallon Solar Domestic Hot Water (SDHW) system. In May 2007 we further added a 2.3kw Photovoltaic (PV) system. Details of our resource usage are available. Solar Domestic Hot Water system (SDHW).Our SDHW system was installed in late February 2007. Our first day of use was 1st March 2007. At the time of installation we calculated that our average monthly hot water heating bill was $35.43. We planned that we would have 80% of our future hot water heated by the sun, leaving us to pay for the remaining 20%, a cost of $7.09 per month. All in, at the time of installation we planned on a monthly saving of $28.34, which equates to $340.08 per year. Our actual SDHW system performance based on collected data does vary from our targeted 80% solar hot water hearting. To June 20, 2009 we calculate that 83.52% of our hot water was heated by the sun, so 16.48% was heated by our electric water heater. This equates to a cost of $5.83 per month, which based on our pre-installation hot water heating costs means an estimated saving of $29.60 per month. Annually, this means a total cost of $69.96 and a total estimated annual annual saving of $355.20 . Ignoring tax credits and assuming energy prices stay the same, payback (ROI) occurs in 218 months (18.25 years). Including tax credits (Federal and State) payback occurs in 78 months (6.5 years). However, energy prices will not stay the same, a 3% rise per year reduces payback to less than 5.5 years, after 20 years (the rated service life of the thermal collectors) from date of installation the net benefit is $10,400. If energy price rises are higher, some projections have suggested 10% per year, then at this rate the payback is 4.9 years, and after 20 years the net benefit is almost $20,000. Photovoltaic (PV) Electric generation.Prior to installation of our PV system we calculated an average monthly electricty cost of $50.85. To June 20, 2009 we calculate that our monthly electricity cost is an average of $16.62 ( $199.44 per year). Our estimated saving is $34.23 per month. Annually, this equates to a saving of $410.76 . Ignoring tax credits and assuming energy prices stay the same, payback (ROI) occurs in 701 months (58.5 years). Including tax credits payback occurs in 219 months (18.25 years). However, energy prices will not stay the same, a 3% rise per year reduces payback to 14 years, after 20 years (the rated service life of the PV panels) from date of installation the net benefit is $3,900. If energy price rises are higher, some projections have suggested 10% per year, then at this rate the payback is 10.25 years, and after 20 years the net benefit is more than $17,000. Additionally, we have battery backup for our PV system and therefore expect to be isolated by all but the most extreme of power outages. When the sun shines we will be recharging our batteries. |
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