Renewable Energy Project: Solar Panels
Nannup Community Resource Centre is a not for profit, community managed organisation that provides a wide range of support services for residents of the Nannup area, 269km south of Perth, WA. They provide training and education programs, access to business facilities, and information on community events and government services.
The Nannup CRC 10kW of solar PV was installed in July 2015. They paid $2,000 of the up front cost and a CORENA loan of $15,440 (8.85kW) covered the rest. This project was funded in just 2 months, largely due to a decision to temporarily use $7,000 from the Big Win funding stream to put that money to good use sooner than otherwise would have been possible (since repaid as shown below).
They finished paying back their loan in October 2019, in just over 4 years. They repaid a bit extra for their first repayment then set up auto-recurring payments of $900, resulting in a perfect record of payments arriving exactly on time every quarter.
See live display of current solar generation at http://pvoutput.org/list.jsp?id=47862&sid=43613&v=0
This project has been fully funded – Thank you!
Status: Funded project – loan fully repaid
Loan amount: $15,440
Loan repayments: $900/quarter
10kW Solar PV installation
40 x ET Solar ET-P660250
Inverter: 1 x STP 10000TL-10
Cost: $17,440 ($2,000 to be paid by Nannup CRC itself and $15,440 from CORENA)
Expected savings: $4,577/year, 47.8kWh/day
Reduction in carbon emissions/yr: Equivalent to 3.14 average households using renewable electricity instead of grid electricity