Long Island Solar Energy Residential Study Incentive Program
Eligibility for
the Long Island Residential Study Incentive Program to receive
the 10%
Discount with the purchase of the
GSE
IP-195 Thermal
Solar Energy Product:
1. Recipients agree to
provide Renewable Energy Inc. with a record of their hot water
and heating utility bills to the previous year from the date of
the solar energy installation.
2. Recipients provide the
number of members living at the resident household.
3. Recipients incorporate
the GSE IP-195 Solar Energy System into both the hot water and
hot water heating system to their residence. Pools and Hot Spas
heating will also be included in the 10% Discount.
4. Recipients will record
their monthly utility bills for one year and provide those bills
to Renewable Energy Inc. once six months after the solar
installation and once 12 months after the installation.
5. Recipients will provide
Renewable Energy Inc. with a written reference to their
experience with the GSE IP-195 Solar Energy thermal product and
the service received from Renewable Energy Inc..
6. Recipients agree that
the 10% discount to the purchase of the GSE IP-195 Solar Energy
Product is full compensation for any marketing done in the
future by Renewable Energy Inc. to the results of the study in
the effectiveness of the System in reducing or eliminating the
cost of conventional energy to provide hot water and heating
residential homes.
7. Renewable Energy Inc.
reserves the right to make the final decision to whether
candidates to the Solar Energy Incentive Study Program qualify
to become a recipient.
GSE
IP-195 Solar Energy Product - Each unit is on sale to the first
1000 households at the reduced price of $3990 a Unit from the
full retail suggested price $7800 per Unit. Prices subject to
change and will be published on this site to current rate per
unit.
Offered
as of 6/15/2008.
Solar
Hot Water Investment Price w/ Study Incentive Program:
Unit Sale Price SIP Program
SIP Total
1 Unit 3990 – 10% (399) = 3591
2 Unit 7980 – 10% (798) = 7182
3 Unit 11970 – 10% (1197) = 10773
4 Unit 15960 – 10% (1596) = 14364
5 Unit 19950 – 10% (1995) = 17955
6 Unit 23940 – 10% (2394) = 21546
7 Unit 27930 – 10% (2793) = 25137
8 Unit 31920 – 10% (3192) = 28728
9 Unit 35910 – 10% (3591) = 32319
S= State F= Federal
Cap 5000 Cap 2000
Installed Unit + Permit Material
Labor Total S 25%credit F 30%credit
Total Net
1 Unit 3591 + 800 + 300 + 500
= 5191 - 1297.75 - 1557.30 = 2335.95
2 Unit 7182 + 800 + 550 + 900
= 9432 - 2358.00 - 2000.00 = 5074.00
3 Unit 10773 + 800 + 750 + 1100 =
13424 - 3356.00 - 2000.00 = 8068.00
4 Unit 14364 + 800 + 900 + 1300 =
17364 - 4341.00 - 2000.00 = 11023.00
5 Unit 17955 + 800 + 1000 + 1500 =
21255 - 5000.00 - 2000.00 = 14255.00
6 Unit 21546 + 800 + 1100 + 1700 =
25146 - 5000.00 - 2000.00 = 18146.00
7 Unit 25137 + 800 + 1200 + 1900 =
29237 - 5000.00 - 2000.00 = 22237.00
8 Unit 28728 + 800 + 1300 + 2100 =
32928 - 5000.00 - 2000.00 = 25928.00
9 Unit 32319 + 800 + 1400 + 2300 =
36813 - 5000.00 - 2000.00 = 29819.00
For further
information and opportunity to participate
Call or email Mr. Michael.
This program is only
available to 100 households in each category utilizing energy
consumption in gas, oil, electric, in hot water use and hot
water heating systems. 300 households total.
