Turtle Energy has a "no money down" approach to retail customers who have to watch their operating budget when it comes to large capital outlays. Why purchase a system outright when you can begin buying discount electricity immediately? Allow TE to partner with your retail chain in ownership of the systems on your roofs and we'll make you the majority shareholder of the systems, just as soon as Uncle Sam makes our limited partner whole! Typically in states such as NJ, this path to ownership can take place in less than 10 years. All you have to do is keep paying that discounted solar electricity bill from Turtle Energy and let the sun do the work.
Q:
- Our company is a real estate management firm and a real estate investment trust (REIT). We have investigated solar energy as an investment for our buildings before and we found that as a REIT, we cannot take advantage of the Investment Tax Credit. Therefore does TE have a financial solution that will allow others to take advantage of the credit, thus reducing the cost of our investment into solar?
- We know that solar energy promises a reliable solution to our inventory of building stock, but we also know that name brand system providers can be more expensive. Given that we need multiple systems for buildings in multiple states, how can TurtleEnergy beat the competition who'd like to sell us multiple systems at single-system prices?
- TurtleEnergy provides renewable energy systems for exotic technologies such as photovoltaic but will TE come and re-lamp my building stock with more efficient lighting?
- All of the best prospective tenants who are moving into new leases these days are asking if our buildings are green powered. We don't have a huge capital projects budget for solar and we seem to be losing prospective tenants to our competitors who do. How can TurtleEnergy help us power our buildings with green energy without breaking our bank?
A:
1. Financial solutions for this scenario are a specialty of TurtleEnergy. This is possible through financial partners who have legal
precedence for lease contracts which factor into the economics of a solar project under third party ownership. The lease payments are carefully
calculated to equate to your current electricity cost per year. Therefore, our lease purchase program can save you money over 15 years by stabilizing
your electricity costs while building your equity in the system. The title passes onto your ownership ten years before the warranty on the solar
modules expires. Those ten years of free electricity from the sun will occur after the fifteen year lease.
The net result: with electricity
rates rising at 5% per year, 15 years of cost stabilized energy saves your REIT money and paves the way towards a ten year tenure of free
electricity, by which time the cost of a kWh will have increased by at least 50 - 75%.
More info re: the Investment Tax Credit.
2. The industry is currently full of new companies who are driven by large margins in order to grow. TE, however can leverage it's capability as a large volume supplier to bid well under a newer company's tendency to bid high. Not only that, but since we supply over 3000 electrical contractors with over $300M worth of electrical commodity volume per year, we are more capable to field a team with the horsepower to institute a multi-state solar offensive for your company. TurtleEnergy is a smarter solution than today's solar "rock stars" who are aggressive enough to lead, but too costly to follow.
3. TE supplies over $20M worth of lighting every year to our electrical reduction partners who retrofit your buildings with the latest energy conservation technologies such as electronic ballasts, self-dimming, daylight harvesting ballasts, motion detectors, lighting controls and also the latest in LED technology from companies like GE, Cooper Lighting, and others. Let us audit your building's lighting systems and bring KW demand reduction to your company's bottom line. The energy conservation payback can return in as little as six months. Consumption savings begin sooner than a typical solar array, and bring a holistic energy offence to your arsenal against global warming (and your budget).
4. TurtleEnergy wants to be your green utility. Just sign your rooftop up for a system and we'll own it while you buy the kW hours. A TurtleEnergy system will provide your building with a visible, PR demonstration of green power and your new tenants will spread the word. Not only that, they will pay more for clean electricity built into the lease payments as a line item. As usual, please contact us (LINK) for additional information.
