Renewable Energy Project: Solar Panels
The Clunes Old School Association (COSA) manages the old school building at Clunes, near Lismore in NSW, as a local community centre for the benefit of the community. The grounds are open for public use, rooms are used for classes and events, and some are rented to local artisans and businesses.
We expected this 4.8kW solar installation would take 5.5 years to pay for itself because the building does not have particularly high daytime use. However, every quarter COSA has been repaying a higher amount than that specified in our loan agreement because they are keen to have their repayments assist with funding other CORENA carbon reduction projects. Accordingly they are likely to complete paying back their loan in less than 3 years. Thank you COSA!
This project is fully funded – Thank you!
Status: Funded project – loan repayment completed
Loan amount: $9,300
Loan repayments: $420/quarter
15 x Suntech STP325-24/VFW
15 x S270 Enphase Micro Inverters
1 x Envoy S Metered (Monitoring)
DPA Solar Roof Mount Racking
Three Phase Meter
Expected savings: $1,525/year, approx 7,000kWh/year
Reduction in carbon emissions/yr: Equivalent to 1.26 average households using renewable electricity instead of grid electricity