Alvernia University

RedTail Solar collaborated with Alvernia University to add solar panels to their campus. Alvernia wanted a cost-effective, yet efficient energy solution. By going solar, it transformed not only their energy efficiency, but also their finances and long-term financial return.

Here’s a quick look at Alvernia’s key wins from switching to solar.

Plus, the system will pay for itself in 5-6 years, leaving 24-25 years of pure savings and profit!

Additionally, assuming the utility increases by at least 3.4% per year, Alvernia would have a net savings of $655,968 over the lifetime of the system! Let’s take a closer look at the details and financial breakdown.

Every solar project is unique and varies in cost due to the size and location of the property, the amount of sun, and other factors.

Let’s look at this project’s cost and financial return breakdown.

*Not everyone is eligible for credits, incentives, or rebates or can fully use them. Please consult your tax professional or legal professional for further information. Incentives are subject to change. The actual amount can be higher or lower than what is quoted and may not stay at a fixed rate over time. It can also change based on the tax bracket you are in.

RedTail Solar collaborated with Alvernia University to add solar panels to their campus. Alvernia wanted a cost-effective, yet efficient energy solution. By going solar, it transformed not only their energy efficiency, but also their finances and long-term financial return.

Here’s a quick look at Alvernia’s key wins from switching to solar.

If the acquired savings aren’t incentive enough to go solar, another huge benefit is that installing solar panels increases your property value! The average commercial property gains an increased property value of between $4,000 to $6,000 dollars per kW of solar capacity. This translates to around a 3-5% increase in value, making solar installation a great return on investment for commercial property owners. Because Alvernia switched to solar panels, they saved $200,111.42 in incentive revenues!

The average commercial property owner can save 30-50% or more of a solar system’s cost through tax benefits⁺ alone. Avernia University received $113,829 through the 30% federal energy tax credit and saved $189,715.50 in tax benefits because they switched to solar!

In total, Alvernia University saved $666,364.61 because they chose to install solar panels on their property!

⁺Not everyone is eligible for credits, incentives, or rebates or can fully use them. Please consult your tax professional or legal professional for further information. Incentives are subject to change. The actual amount can be higher or lower than what is quoted and may not stay at a fixed rate over time. It can also change based on the tax bracket you are in.

Over time, Alvernia University will have greatly reduced their environmental impact by switching to solar energy. In addition to saving over $660,000, their system will have generated approximately 202,266k of clear electricity each year. This offsets an estimated 108% of Alvernia’s annual electricity consumption, which significantly reduces fossil fuel-generated electricity.

Over the lifetime of the system, Alvernia’s environmental impact is estimated to be equivalent to:

• Saving approximately 386,186 gallons of gasoline
• Preventing approximately 3.78 million pounds of coal from being burned
• Recycling the equivalent of 146,044 bags of waste
• Growing approximately 57,201 tree seedlings for 10 years

Alvernia’s choice to move to solar panel energy has massive impacts on their financial growth and environmental footprint. Learn how your property can save money and improve the environment by contacting Redtail Solar today!