Orange County NC Website
Browse       Search
with Northside’s plentiful volunteer opportunities. <br /> Partnership with NC Solar Now: <br /> NC Solar Now is a trusted solar installer in the Triangle and is partnering <br /> with SolarEquity on the St. Joseph's CME Church Solar Project. Along <br /> with SolarEquity, NC Solar Now has met with the Church congregation <br /> and Northside residents to cater the solar project to their specific <br /> wants and needs. NC Solar Now has designed the solar project and will <br /> also be responsible for its installation. <br /> 28. If this project is not selected <br /> for funding in this round, what <br /> other funding might be used <br /> to support it within the next 5 <br /> years? <br /> Other capital or operational funds <br /> None. This is a unique opportunity. <br /> Unknown (please describe): <br /> Criterion 5 - Local Economic Development <br /> This criterion has a maximum score of 3 pts (out of a total of 26 pts). <br /> 29. How many Orange County <br /> residents are employed by <br /> your organization? <br /> 23 UNC Students are employed by SolarEquity. SolarEquity does not <br /> provide a wage to any of its student volunteers. Nonetheless, as a part <br /> of this project, SolarEquity will subcontract NC Solar Now, a local solar <br /> installer, to complete the installation. NC Solar Now employs 105 <br /> people living in North Carolina. <br /> 30. What project materials will be <br /> purchased from sources within <br /> Orange County or North <br /> Carolina? What percent of the <br /> total materials do these <br /> represent? <br /> NC Solar Now does not purchase any of their materials from sources <br /> within Orange County. The only component of the project that is <br /> purchased from within the county is the permit. Nonetheless, the labor <br /> and installation costs paid by EmPOWERment and SolarEquity will be <br /> injected directly into the local economy. <br /> 31. Please describe any other <br /> aspect of your project that is <br /> relevant to local economic <br /> development. <br /> The solarization of St. Joseph's CME Church will decrease the church’s <br /> energy bills by an average of $117 per month. It is recommended that <br /> 50% of income should go towards necessities, 30% go to discretionary <br /> items, and 20% go to savings. Abiding by the 50-30-20 rule, we can <br /> assume that 80% of the energy savings will go towards necessities and <br /> discretionary funding. Operating under those assumptions, we can <br /> deduce that the local economic multiplier is 5. (multiplier = 1 / [1-0.8]). <br /> The church’s congregation will invest an additional $1,409 in the local <br /> community per year. Multiplied by 5, the completion of the St. Joseph's <br /> CME Church solar project will stimulate an additional $7,045 in the <br /> community every year. <br /> Page 22 of 28 <br />Docusign Envelope ID: 257985C7-FC41-4937-8E64-B610C38DBA58