Federal Government Solar Hot Water for GSA Government Buildings:
· GSA Savings:
o Central Steam System cost in Washington, DC – a 60% Solar Fraction will save approximately 60% of the building annual hot water cost.
o Steam Maintenance savings will save approximately 90% of the energy savings for the building hot water cost.
· Public/Private Partnership (P3) – If the GSA funds the project, they forfeit all of the solar incentives. The P3 solution creates a win/win.
o The P3 funds the entire cost of the Solar Hot Water System
o The P3 receives 30% of the project cost as Investment Tax Credit
o The P3 receives the new tax law 100% Bonus Depreciation
o The GSA receives the same benefits shown above.
For more information: George Chambers, CFP – (302) 542-4580
Randy Lucas, CPA – (704) 968-5506