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P a g e 17 o f 23 <br /> <br />resources and support to NC Clean Energy Technology Center, <br />which advances a sustainable energy economy by educating, <br />demonstrating and providing support for clean energy <br />technologies, practices and policies. <br />26. Does your project also take <br />advantage of other funding <br />sources? <br />The overall building project will be the result of multiple funding <br />sources. The ArtsCenter is in the midst of a capital campaign <br />that is seeking funding from foundations as well as individuals. <br />27. Would your proposed project <br />help you to take advantage of <br />funding from other sources <br />besides this grant in the <br />future? <br />Yes, Duke Energy has a NC Solar Rebate Program for businesses <br />who install solar panels. With this program, The ArtsCenter <br />would have the opportunity to receive up to $75,000 in a rebate <br />for the installation. According to NC Solar Now, very few non- <br />profits apply for this rebate and for this reason, the likelihood of <br />The ArtsCenter receiving this full rebate is high. Also, many of <br />The ArtsCenter’s funders are interested in how the organization <br />impacts the community. In the same fashion that Orange <br />County is interested in The ArtsCenter’s work around social <br />justice, many of The ArtsCenter’s funders are interested in how <br />organizations strive to impact and protect the environment. As <br />a community organization, The ArtsCenter holds a responsibility <br />to be stewards of the environment. The ArtsCenter embraces <br />the opportunity to bring more green initiatives into the design <br />of the building. <br />28. Please describe any other <br />aspect of your project that is <br />relevant to the efficient use of <br />grant funds: <br />Not only will these funds allow The ArtsCenter to reduce its <br />carbon footprint dramatically, it will also create a new source of <br />funding as panels installed on The ArtsCenter generate power <br />beyond the needs of the center. Through Net Metering, a utility <br />billing system that credits solar energy system owners for the <br />electricity they add to the grid, Duke Energy will apply a credit <br />(or bonus) to The ArtsCenter’s electric bill for each kilowatt- <br />hour (kWh) of solar electricity it sends to the grid. According to <br />predictions proposed by NC Solar Now, this could show an <br />accumulated cash flow over 25 years of close to $300,000. <br /> <br /> <br />Criterion 4 - Capacity of Applicant <br /> <br />29. Please describe any projects <br />that you have completed <br />successfully in the past which <br />are similar to the project you <br />are proposing: <br />While The ArtsCenter has not carried out a similar project in <br />recent years, NC Solar Now has more than 17 years of <br />experience installing systems such as the one proposed. NC <br />Solar Now ensures their customers that they will be working <br />with NABCEP certified technicians and knowledgeable solar <br />professionals from start to finish. They put a high priority on <br />DocuSign Envelope ID: C0D5A342-081F-45AE-AA47-729B899D75EC