Independent Validation Reports One-Year SolarWindow Financial Payback

SolarWindow Technologies, Inc. announced that engineers and research scientists at the University of North Carolina Charlotte Energy Production and Infrastructure Center (UNCC-EPIC) have independently reviewed and validated the company’s SolarWindow proprietary power production and financial model. This model calculates a financial payback of less than one year for the company’s transparent electricity-generating SolarWindow technology.
 
“SolarWindow coatings, when installed on tall towers and skyscrapers, could serve as a much sought-after clean micro-grid energy solution,” explained David Causey, PE, assistant director at UNCC-EPIC, The William States Lee College of Engineering. Causey has more than 30 years of experience in mechanical system and component design for power generation. His work as an engineer includes operating nuclear plants and coal, natural gas, or renewable energy projects.
 
Causey led his UNCC-EPIC team of engineering and science experts, who independently validated the modeling assumptions, reference data and technical basis important to calculating the company’s one-year financial payback period for SolarWindow systems. UNCC-EPIC validation also confirmed the proficiency of the company’s methodology for modeling the performance of competing PV technologies.
 
Compared to conventional rooftop solar systems, SolarWindow technology installed on a 50-story building could generate up to 50 times greater power while delivering 15 times the environmental benefits, according to company engineers. For conventional solar systems to produce the equivalent amount of power as SolarWindow would require at least 10 to 12 acres of valuable urban land at least 5-11 years for payback.  
 
SolarWindow’s calculated payback of less than one year is the industry’s fastest published financial return.
 
“The calculated rapid rate of return for SolarWindow systems offers a strong financial incentive to potential customers seeking quick payback while substantially meeting their power requirements with a clean, renewable source of electricity,” said Kenneth Schuckers, CPA, an expert in renewable energy tax credits.
 
Schuckers contributed important energy and corporate tax know-how to development of the SolarWindow financial model. Schuckers has 20-plus years of corporate tax experience with more than a decade focused on R&D and other federal tax credits and incentives. His credentials include Deloitte & Touche, LLP (Corporate Tax Services), and Partner at Grant Thornton, LLP (R&D and Section 199 Practice Leader).
 
“SolarWindow’s modeling of a rapid one-year payback and today’s independent validation establish our leadership role in the renewable energy space,” added John Conklin, president and CEO of SolarWindow Technologies, Inc. “Having released the industry’s most compelling financial results, we now plan to aggressively push forward with maximizing durability and ensuring ease of large scale manufacturing. These are among the most important considerations to architects, building designers, developers, and potential commercial partners.”