SOLAR
The State of Georgia’s Energy Industry Outlook states Georgia’s business-friendly environment, incentives, world-class research facilities, favorable geographic location and excellent logistics infrastructure attract photovoltaic (PV) technology companies, as well as developers and manufacturers of solar technologies. Leading the industry with carbon nanotube solar cells, solar energy is becoming less expensive, more commercially feasible and more efficient.
Suniva, the Georgia-grown manufacturer of high-efficiency monocrystalline silicon solar cells and high-power density solar modules is headquartered in Georgia. Enfinity, the world’s largest developer of solar PV solutions, and the German company, Mage Solar have both chosen Georgia as their US headquarters citing the states strategic location, among their reasons for choosing Georgia.
Other cleantech companies that flourish in Georgia include GE Energy, Johnson Controls, Landis & Gyr, Logan Energy, and Siemans Energy and Automation.
The US Department of Energy established a University Center of Excellence for Photovoltaics Research and Education (UDEP) at Georgia Tech, one of only two such centers in the US. The center’s mission is to improve the fundamental understanding of the science and technology of advanced PV devices, to fabricate record-high efficiency solar cells and to provide industry guidelines for achieving cost-effective and high-efficiency PV devices.
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SAMPLE INVESTMENT IN SOLAR
- 1 Acre in North Georgia (10-county TVA area)
- $225,000 Initial Investment
- Incentives and Loan result in $81,700 year 1 ending basis
- Incentives and debt service provide 100% ownership in 6th year.
- Equity by 7% CAP rate: $199,575
- Equity by Income: $279,405
- Minimal expenses create positive cash flow Year 1
- Income expectation through year 25
