solar energy attraction operations support biltmore
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Advantages of Using Solar Electricity
Unlimited power supply from the sun
Reliable and proven technology
Clean, renewable energy that causes no pollution
Lowers our carbon dioxide emissions
Economics
Tax creditsWhen NC companies buy Solar Farms here within the state they get 30% Federal Tax Credits along with 35% NC Tax Credits and the accelerated 5 year total system depreciation. NC companies are finding that they can usually pay for their Solar Farms by using these federal and state incentives that are currently being offered.
(Net AC kW output of solar farm) X (8,760 hrs per year) X (0.18 typical capacity factor) = annual kWhr output
1400 kW X 8760 hrs X 0.18 = 2,207,520 kWhrs per year (approx.)
kWhrs cost: $0.06 x 2,207,520 kWhrs per year = $132,451.00$4,000,000 Approximate cost of solar
field
$2,600,000 65% tax credits
$1,400,000 Total payback
$ 132,451
10.5 Year payback
The Inverter is the BRAIN behind the operation
DC electricity
Converts
AC electricity
(to be used in your home or
school)
String Inverter -vs- Micro Inverter
String Inverter:“String together” a series of panels, which then feed current into the grid.
Micro Inverter:Take direct current from one solar panel and convert it into alternating current (A/C), which then mixes with output from multiple inverters and funnels to the electrical grid.