Renewable Energy Project: Solar Panels
Brimbank Bicycle provides Road Safety Education and Learn to Ride Programs for Pre-School and Primary Schools three days a week. They also conduct these programs for community groups such as scouts and guides on weekday evenings and at weekends. They conduct Riding Programs for the disabled with a fleet of special needs trikes and bikes on two days a week, and at weekends the facility is hired by families and other community groups for birthday parties and other functions. In total, between 400 and 500 people use the centre each week.
It was difficult to calculate the exact dollar savings for this project because the solar PV H/W is adding hot water availability that wasn’t previously there and will be using excess solar PV generation to heat the water. However, the Brimbank Board offered to repay this loan in 5 years, with quarterly repayments of $550, even though it is unlikely they will actually save that much each quarter. Either way they are delighted to have our loan to make this project possible because they are aiming at setting a good example to their community.
This project has been fully funded – Thank you!
Status: Funded project – loan repayment in progress
Loan amount: $11,000
Loan repayments: $550/quarter
4.2kW solar PV
14 x LG MonoX2 300W panels
1 x SolarEdge SE4000 inverter
SE Energy Monitor
Solar PV Hot Water Timer
Solar PV Hot Water system
From solar PV: 6,122.23 kWh/year, $1,065/year
From solar PV hot water: Est. 3,650kWh/year, Approx $500/year
Total: 9,772kWh/year, $1,565/year
Reduction in carbon emissions/yr: Equivalent to 1.76 average households average households using renewable electricity instead of grid electricity