On average, supermarkets in the United States use around 50 kilowatt-hours (kWh) of electricity per square foot per year.
Average annual energy cost is more than $4 per square foot. For an average-size store, this equates to more than $100,000 annually in energy costs.
1,900 tons of CO2 is emitted into the atmosphere by each store— equivalent to the emissions from 360 vehicles in one year!
Refrigeration and lighting account for over 50 percent of total energy use.
Profit margins of supermarkets are 1 to 2 percent. ENERGY STAR estimates that one dollar in energy savings is equivalent to increasing sales by $59!
AN INTRODUCTION TO A UNIQUE APPROACH TO COMMERCIAL SOLAR FINANCING
A Power Purchase Agreement (PPA) is a 10 – 20 year contract whereby the host site agrees to purchase the solar output at a certain rate. The goal of a PPA is to create annual electricity savings for the host site, and provide a way to go solar without any upfront costs or obligations. The PPA provider (GreenLeaf Energy Group) is responsible for contracting with host to provide system design, construction and maintenance process incentives and permitting. The PPA provider then owns and operates the system once it is installed.
KEY BENEFITS TO INVESTORS: Tax rebates; accelerated payback of initial investment.
KEY BENEFITS TO LENDER: Reduced risk; loan secured by substantial equity.
KEY BENEFITS TO USER: No up front cost, immediate reduction in energy cost.
Third party financing has help grow solar tremendously in other parts of the country over the past 6 years. By demonstrating the success of a workable model we hope to build momentum in developing other business opportunities in East Tennessee. Contact www.greenleafenergygroup.com for proforma anlaysis and available investment opportunities. by Darrell James, AIA