Solar Energy at NCV

[Superchief]

I just read the minutes of the recent board meeting and it indicated an expenditure of $800,000 for solar panel installation. This appears to be a reasonable expense for a timeshare in CA and expect that there will be significant savings in future electricity costs. Has anyone seen major solar energy investment at other MVC timeshares and what the impact has been on operating expenses?

 

[BJRSanDiego]

I just read the minutes of the recent board meeting and it indicated an expenditure of $800,000 for solar panel installation. This appears to be a reasonable expense for a timeshare in CA and expect that there will be significant savings in future electricity costs. Has anyone seen major solar energy investment at other MVC timeshares and what the impact has been on operating expenses?

Are they going to put in panels for solar heating at the pools or putting in PV panels for electricity production? I am wondering where they'll be putting the panels - - on the roofs of all the buildings, on top of the upper floor lanais, or somewhere else?

 

[bazzap]

I just read the minutes of the recent board meeting and it indicated an expenditure of $800,000 for solar panel installation. This appears to be a reasonable expense for a timeshare in CA and expect that there will be significant savings in future electricity costs. Has anyone seen major solar energy investment at other MVC timeshares and what the impact has been on operating expenses?

Two of our home resorts have / will be having major solar panel installations
At Phuket Beach Club they are being installed on all of the building roofs.
At Club Son Antem in Mallorca they are being installed on the ground in an area of the huge landscaped resort and there will be a government subsidy to help with the costs.

 

[bazzap]

I just read the minutes of the recent board meeting and it indicated an expenditure of $800,000 for solar panel installation. This appears to be a reasonable expense for a timeshare in CA and expect that there will be significant savings in future electricity costs. Has anyone seen major solar energy investment at other MVC timeshares and what the impact has been on operating expenses?

$800,000 seems to be an exceptionally low cost for any resort wide solar panel installation.
I suspect this must have limited scope, at this stage anyway.
At one of our resorts the total planned cost is nearer to 10x this amount, with a projected reduction in mains electricity use of up to 30%.

 

[vol_90]

Two of our home resorts have / will be having major solar panel installations
At Phuket Beach Club they are being installed on all of the building roofs.
At Club Son Antem in Mallorca they are being installed on the ground in an area of the huge landscaped resort and there will be a government subsidy to help with the costs.

Phuket Beach Club completed solar panel installation in January. Payout estimated to be 5 to 6 years which I believe is a good investment to help the environment and manage maintenance fees.

 

[Superchief]

Are they going to put in panels for solar heating at the pools or putting in PV panels for electricity production? I am wondering where they'll be putting the panels - - on the roofs of all the buildings, on top of the upper floor lanais, or somewhere else?

The meeting minutes didn't specify how the solar panels were going to be used. Perhaps other NVC know more details regarding this. I would expect there to be some additional tax incentives in California for any major solar investment.