Renewable Energy Project: Solar Panels
In collaboration with CORENA, the Enova Community non-profit arm of Enova installed 18kW of solar PV on their roof. All the solar output is exported to the grid and bought by the Enova retailer to sell to their customers. This is owned by Enova Community rather than CORENA, but is a first-of-kind project that would not have been possible without the interest-free loan from the Big Win funds. Our loan will be fully repaid in five years, and as repayments come in that money will be used again for other projects.
This project has been fully funded – Thank you!
Status: Funded project – loan repayment complete
Loan amount: $19,631
Loan repayments: $490.33/quarter for 5 years, with remainder payable at end of those 5 years
System installed on the roof of Enova Energy:
18kw Grid Connect Micro Inverter Solar System
60 x Trina 300 watt solar panels
60 x Enphase S270 micro-Inverters
Reduction in carbon emissions/yr: Equivalent to 4.86 average households using renewable electricity instead of grid electricity
No honour roll for this project because it was entirely funded by repayments to the Big Win funding stream after Big Win funds were used for temporary loans to Quick Win projects. When those loans were repaid into the Big Win funding stream those donations were used for a second time for the Enova Community generator.