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“Once they are in place and businesses start with initial projects, it’s really cost effective,” said Meyer. “That’s the point of the program, to help businesses make these upgrades by making the financing easy and affordable.” The cost effectiveness of the project is exactly what lured Timm into applying for the program in the first place. “I’d been looking at different ways to save money on some of our utility bills and solar seemed like a natural option,” said Timm, a self-proclaimed techie, who knew there was money to be saved on this deal. “It just made sense. It adds value to the business and our building site.” While Timm’s Trucking has not yet seen significant savings due to the slower, winter months of solar energy, he is expecting the project to be a “big money-maker when we get to the spring and summer.” Additionally, Timm said before the solar PV was installed, PACE worked with him to figure out the company’s electric output. From there, the solar PV was designed to produce 120 percent of what Timm’s typical need would be, fully accounting for the solar lull in the winter months. Timm’s will see a tax credit that will reduce the price of the project by 30 percent, as well as benefiting from the Xcel Solar Rewards program that will pay a 10-year production incentive of eight cents per kilowatt hour of electricity generated by the system. To cap it all off, Timm is also waiting to hear from the United States Department of Agriculture regarding its Rural Energy for America Program grant, which would cover 10 percent of the cost. Even without the grant, however, Timm is confident that the project made sense. “When I saw the spreadsheet and everything put together, it seemed like a no-brainer,” said Timm, who cited three major benefits. First, solar energy will reduce his utility costs, second, the addition will add value to his business’ building, and third, helping the environment. “Our business affects the environment,” he said of his company’s routine gravel mining and erosion control.
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