Workshop to discuss benefits of solar installations

Published October 2, 2015

The Daily Times Staff Report on October 2, 2015

LightWave Solar, a solar engineering and construction firm, is hosting a workshop for businesses to learn more about investing in solar energy on Oct. 9 in Lenoir City.

“Our solar workshop will highlight the financial incentives for commercial solar installations, including TVA’s premium payments which will not be available for new applicants after the Nov. 13 deadline,” said Brian Bickel, sales director for LightWave Solar, in a news release. “Solar reduces operating costs, and as electric rates go up, solar becomes increasingly valuable because of the avoidance of exposure to fuel cost increases over time.”

The Tennessee Valley Authority’s solar incentive program, Green Power Providers, is accepting applications through Nov. 13. New applicants can lock in a two-cent premium rate for 100 percent of their solar electricity for 10 years. For a typical commercial system of 50 kilowatts, the average annual revenue for the first 10 years is about $9,000 per year, according to LightWave Solar.

Starting in 2016, TVA will not pay a premium for new solar projects approved in next year’s program.

The workshop will focus on tax benefits, utility incentives and available financing for businesses and homeowners who install solar systems. The free workshop will run from 10 to 11:30 a.m. on Oct. 9 at the Loudon County Visitors Bureau, 1075 Highway 321. To register, call 615-641-4050 or email [email protected]