BANGALORE

PAYBACK IRR ENERGY

PERIOD Annual Retutn COST
at less than using Onyx Solar

2 years 43% 0.01 €

INTRODUCTION
This document is feasibility report of the Onyx Solar Low-e photovoltaic glass for its integration in a fully glazed south
façade of a building of 34,884 SQF.

This is the first and the only glass on the market that generates free electricity for your building while providing
thermal and acoustical insulation, day lighting and sun control. This combination of active and passive properties of
the glass leads to outstanding return on the investments. The low-e photovoltaic glass is the only architectural glass
that pays for itself due to the energy savings derived from a high performing building envelope plus the electricity
generated by the glass, which is used for self-consumption. With Onyx Solar photovoltaic glass you will benefit from
having the same rate of energy cost for the building despite the continuing increase in the local electricity price.
In fact, you are ensuring your energy cost at less than 0.02 € per kWh over the next 30 years.
2
The following figures and graphs reflect the average reduction in energy demand and cost per square foot of Onyx
Solar glass installed. This is a comparison between a conventional Insulated Glass Unit (clear glass/air
chamber/clear glass) and our Photovoltaic Insulated Glass Unit, which provides a very low-risk investment with a
great yield during the entire lifetime of the building.

Review the document and see how much you can save in your building energy cost.

www.onyxsolar.com
LOW-E PHOTOVOLTAIC GLASS. AWARDED AS THE MOST INNOVATIVE GLASS PRODUCT OF 2015
ENERGY SAVINGS
ENERGY COST WITH ONYX SOLAR GLASS (EUR/kWh) 0.01 €
Electricity cost guaranteed for the next 30 years.

REDUCTION IN HVAC ENERGY DEMAND (%) 26%

M aximum reduction in HVAC energy demand in this city.

AVERAGE REDUCTION OF ENERGY DEMAND (EUR/sqm glass) 505 €

Average reduction of energy demand per square foot of Glass from energy generation and the HVAC savings in 30 years.

RETURN ON INVESTMENT
IRR (30 years) 43%
3
(%)

Internal Rate of Return: average annual return during the first 30 years of the investment.

IRR (20 years) (%) 43%

Internal Rate of Return: average annual return during the first 20 years of the investment.

IRR (10 years) (%) 42%

Internal Rate of Return: average annual return during the first 10 years of the investment.

PAYBACK PERIOD (years) <2

Time required for the return on the investment.

TIMES THE INVESTMENT (period of 30 years) (times) 8

Number of times that the amount invested is received during the invesment period of 30 years. (Average Reduction of Energy Demand
/Investment)

www.onyxsolar.com
LOW-E PHOTOVOLTAIC GLASS. AWARDED AS THE MOST INNOVATIVE GLASS PRODUCT OF 2015
 Constructive
Constructiv e Solution: WALL
SOUTH FAÇADE CURTAIN W ALL
Location: BANGALORE
Total Construction Area (sq.meter) 3,242
Total Glass Surface Area (sq.meter) 730
W indows to W all Ratio 100%

REDUCTION IN ENERGY DEMAND

Energy demand of the building in HVAC without PHOTOVOLTAIC ENERGY ENERGY SAVINGS INDUCED
Onyx Solar PV glass in 30 Years
(Average increase of energy cost per year: 1,64%)
TOTAL REDUCTION OF ENERGY DEMAND
IN 30 YEARS = PRODUCTION
IN 30 YEARS
+ BY THERMAL ENVELOPE
IN 30 YEARS

Total reduction of energy demand due to the generation of Amount of Energy that our glass produces Amount of Energy that our glass saves
1,427,524 € 12,405,300 kWh energy and the savings in HVAC due to its photovoltaic properties due to its passive properties

GLASS CONFIGURATION (EUR) (kWh) % (EUR) (kWh) (EUR) (kWh)

4
1 Clear glass + 12mm air chamber + clear glass 0 0 0% 0 0 0 0

Amorphous silicon photovoltaic glass with a transparency degree of

2 10% + 12mm air chamber + clear glass 321,762 € 2,796,135 23% 58,461 € 508,035 263,300 € 2,288,100

Amorphous silicon photovoltaic glass with a transparency degree of

3 10% + 12mm argon chamber + low-e glass 294,420 € 2,558,535 21% 58,461 € 508,035 235,959 € 2,050,500

Amorphous silicon photovoltaic glass with a transparency degree of

4 20% + 12mm air chamber + clear glass 368,714 € 3,204,157 26% = 50,489 € 438,757 + 318,225 € 2,765,400

Amorphous silicon photovoltaic glass with a transparency degree of

5 20% + 12mm argon chamber + low-e glass 360,325 € 3,131,257 25% 50,489 € 438,757 309,836 € 2,692,500

Amorphous silicon photovoltaic glass with a transparency degree of

6 30% + 12mm air chamber + clear glass 365,334 € 3,174,780 26% 42,517 € 369,480 322,816 € 2,805,300

Amorphous silicon photovoltaic glass with a transparency degree of

7 30% + 12mm argon chamber + low-e glass 358,844 € 3,118,380 25% 42,517 € 369,480 316,326 € 2,748,900

* Total reduction of energy demand/Energy demand of the building in HVAC without Onyx Solar

Please visit our Technical Guide for more information about other glass configurations available and our complete products range

www.onyxsolar.com
LOW-E PHOTOVOLTAIC GLASS. AWARDED AS THE MOST INNOVATIVE GLASS PRODUCT OF 2015
 TOTAL REDUCTION IN ENERGY DEMAND (EUR)
PHOTOVOLTAIC ENERGY PRODUCTION + ENERGY SAVINGS INDUCED BY THERMAL ENVELOPE

450,000 €

400,000 €
368,714 € 360,325 € 365,334 € 358,844 €
350,000 €
321,762 € PV Energy Product ion
PV Energy Product ion
PV Energy Product ion
PV Energy Product ion

294,420 €
300,000 € PV Energy Product ion

250,000 €
PV Energy Product ion
5
NO
200,000 € REDUCTION
IN ENERGY
Energy Sav ings Energy Sav ings
150,000 € DEMAND Energy Sav ings Energy Sav ings

Energy Sav ings

Energy Sav ings
100,000 €

50,000 €

0€
Clear Glass + Air 10% Transparent PV 10% Transparent PV 20% Transparent PV 20% Transparent PV 30% Transparent PV 30% Transparent PV
Chamber + Clear Glass Glass + Air Chamber + Glass + Argon Chamber Glass + Air Chamber + Glass + Argon Chamber Glass + Air Chamber + Glass + Argon Chamber
Clear Glass + Low-e Glass Clear Glass + Low-e Glass Clear Glass + Low-e Glass

Energy Savings PV Energy Production

www.onyxsolar.com
LOW-E PHOTOVOLTAIC GLASS. AWARDED AS THE MOST INNOVATIVE GLASS PRODUCT OF 2015
 REDUCTION IN HVAC ENERGY DEMAND (%)
30%

25%
26% 25% 26% 25%
20%
23%
21%
15%
NO 6
REDUCTION
IN HVAC
ENERGY
DEMAND
10%

5%

0%
Clear Glass + Air 10% Transparent PV 10% Transparent PV 20% Transparent PV 20% Transparent PV 30% Transparent PV 30% Transparent PV
Chamber + Clear Glass + Air Chamber + Glass + Argon Glass + Air Chamber + Glass + Argon Glass + Air Chamber + Glass + Argon
Glass Clear Glass Chamber + Low-e Clear Glass Chamber + Low-e Clear Glass Chamber + Low-e
Glass Glass Glass

www.onyxsolar.com
LOW-E PHOTOVOLTAIC GLASS. AWARDED AS THE MOST INNOVATIVE GLASS PRODUCT OF 2015
TOTAL REDUCTION IN ENERGY DEMAND

3,204,157 kWh

TOTAL LIGHTING POINTS OPERATING 4 HOURS PER DAY

6,096 lights/year*

AVOIDED CO 2 EMMISIONS

2,146,785 Kg CO2 7
BARRELS OF OIL SAVED

1,890 Barrels

ELECTRIC CAR MILEAGE THANKS TO THE ENERGY GENERATED

23,734,475 Km
* Calculated with energy efficient light bulbs of 12W (light-emitting diode equiv alent to a traditional incandescent light bulb of
100W)

www.onyxsolar.com
LOW-E PHOTOVOLTAIC GLASS. AWARDED AS THE MOST INNOVATIVE GLASS PRODUCT OF 2015
 ENERGY COST PER KWh
ENERGY COST WITH CURRENT ELECTRICITY ENERGY COST AFFIX YOUR ENERGY COST FOR THE NEXT 30 YEARS AT LESS THAN:
ONYX SOLAR GLASS COST SAVINGS PER kWh 0.02 € PER kWh
Electricity cost guaranteed
for the next 30 years Savings in the electricity
Local electricitity tariff per
(Amount to invest / Total expense generated from the
kWh in 2015 0.16 €
reduction of energy demand reduction in energy demand
in kWh)
0.14 €

Glass configuration (EUR/kWh) (EUR/kWh) %

0.12 €
Clear glass + 1/2" air chamber + clear
1  Without Onyx Solar Glass there are no savings in energy cost

8
glass 0.10 €
Amorphous silicon photovoltaic glass
2 with a transparency degree of 10% +
1/2" air chamber + clear glass
0.02 € 0.09 € 83% 0.08 €
ONYX SOLAR PHOTOVOLTAIC GLASS

Amorphous silicon photovoltaic glass 0.06 €

3 with a transparency degree of 10% +

1/2" argon chamber + low-e glass
0.02 € 0.09 € 78% SAVINGS
0.04 €
Amorphous silicon photovoltaic
glass with a transparency degree
4 of 20% + 1/2" air chamber + clear
0.01 € 0.09 € 85% 0.02 €

glass
Amorphous silicon photovoltaic glass - €

Year 1
0.02 € 0.09 € 82%

2
with a transparency degree of 20% +

3
4
5
6
7
8
9
1/2" argon chamber + low-e glass

10
11
12
13
14
15
16
Amorphous silicon photovoltaic glass

17
18
19
20
6

21
0.01 € 0.09 € 84%

22
with a transparency degree of 30% +

23
24
25
26
27
28
29
1/2" air chamber + clear glass

Year 30
Amorphous silicon photovoltaic glass
7 with a transparency degree of 30% +
1/2" argon chamber + low-e glass
0.02 € 0.09 € 82% ENERGY COST WITH ONYX SOLAR GLASS LOCAL ELECTRICITY COST

www.onyxsolar.com
LOW-E PHOTOVOLTAIC GLASS. AWARDED AS THE MOST INNOVATIVE GLASS PRODUCT OF 2015
 RETURN ON INVESTMENT

AVERAGE
AMOUNT TO INVEST TIMES THE
REDUCTION OF AMOUNT TO INVEST ROI PAYBACK PERIOD IRR
AFTER INCENTIVES INVESTMENT
ENERGY DEMAND
Number of times that the
Average reduction of energy Investment needed to add
Internal Rate of Return: amount invested is received
demand per square meter of Photovoltaic Properties to Investment after applying Return on investment in 30
Time required for the average annual return during during the invesment period
Glass from energy each SQM of Glass and the federal incentives for solar years:
return on the investment the first 30 years of the of 30 years (Average
generation and the HVAC Cost for the Balance of photovoltaics (profit-investment/investment)
investment Reduction of Energy
savings in 30 years System
Demand /Investment )

GLASS CONFIGURATION (EUR/SQM) (EUR/SQM) (EUR/SQM) % years % times

Clear glass + 12mm air chamber +
1 clear glass Without Onyx Solar Glass there is no additional reduction in energy demand, so no Return on the Investment is received

9
Amorphous silicon photovoltaic glass
2 with a transparency degree of 10% +
12mm air chamber + clear glass
440.77 € 81.88 € 60.27 € 631% <2 40% 7 BEST CHOICE
ONYX SOLAR LOW-E PHOTOVOLTAIC GLASS

Amorphous silicon photovoltaic glass

3 with a transparency degree of 10% +
12mm argon chamber + low-e glass
403.32 € 93.88 € 69.10 € 484% <2 31% 6 BEST CHOICE

Amorphous silicon photovoltaic

glass with a transparency degree
4 of 20% + 12mm air chamber + clear
505.09 € 82.39 € 60.64 € 733% <2 43%* 8 BEST CHOICE

glass
Amorphous silicon photovoltaic glass
5 with a transparency degree of 20% +
12mm argon chamber + low-e glass
493.60 € 94.39 € 69.47 € 610% <2 35% 7 BEST CHOICE

Amorphous silicon photovoltaic glass

6 with a transparency degree of 30% +
12mm air chamber + clear glass
500.46 € 83.60 € 61.53 € 713% <2 41% 8 BEST CHOICE

Amorphous silicon photovoltaic glass

7 with a transparency degree of 30% +
12mm argon chamber + low-e glass
491.57 € 95.60 € 70.36 € 599% <2 34% 7 BEST CHOICE

* IRR at: · 5 YEARS: 37% · 10 YEARS: 42% · 20 YEARS: 43% · 30 YEARS: 43%

www.onyxsolar.com
LOW-E PHOTOVOLTAIC GLASS. AWARDED AS THE MOST INNOVATIVE GLASS PRODUCT OF 2015
 AVERAGE REDUCTION OF ENERGY DEMAND Vs. AMOUNT TO INVEST
(EUR/SQM)

600 €

500 €

400 €

300 € NO RETURN 10
ON
INVESTMENT

200 €

100 €

-€
Clear Glass + Air 10% Transparent PV 10% Transparent PV 20% Transparent PV 20% Transparent PV 30% Transparent PV 30% Transparent PV
Chamber + Clear Glass Glass + Air Chamber + Glass + Argon Chamber Glass + Air Chamber + Glass + Argon Chamber Glass + Air Chamber + Glass + Argon Chamber
Clear Glass + Low-e Glass Clear Glass + Low-e Glass Clear Glass + Low-e Glass

AVERAGE REDUCTIONOF ENERGY DEMAND (EUR/SQM) AMOUNT TO INVEST AFTER INCENTIVES (EUR/SQM)

www.onyxsolar.com
LOW-E PHOTOVOLTAIC GLASS. AWARDED AS THE MOST INNOVATIVE GLASS PRODUCT OF 2015
OTHER ADVANTAGES OF BIPV AND GREEN BUILDING DESIGN

Green Building design is becoming a great interest for real estate companies today. This is especially true within the business model where the leasing
tenants are responsible of operating and managing the building. Qualitative facts such as return on investment, enhanced indoor comfort and
productivity level due to the radiation filtration with optimal natural light contribute in earning Green certifications such as LEED and BREAM. The return on
investment is a key feature of the BIPV that is associated with the company’s commitment in preserving the environment.

Other economic benefits of the BIPV are as the following (source: www.usgbc.com):

 Operating costs decrease 8-9%

 Building value increases 7.5%


Return on investment improves 6.6%
Occupancy rate increases 3.5%
11
 Rent ratio increases 3%

Saving money with the BIPV is made possible by its multifunctional characteristic in which it distributes the produced solar electricity, improves thermal
insulation, and reduces the use of artificial lighting with the optimal amount of sunlight indoors. Consequently, the building will also eliminate a significant
amount of CO2 emission.

The generated solar electricity will feed the building’s electricity consumption, thereby reducing the kVA needed from other conventional sources. This
will also result in minimizing the peak load and peak demand for the HVAC and the lightings.

In conjunction with the ability to save energy as well as to generate it, you will be given a peace of mind in knowing that the building’s energy cost will
remain minimal.

www.onyxsolar.com
LOW-E PHOTOVOLTAIC GLASS. AWARDED AS THE MOST INNOVATIVE GLASS PRODUCT OF 2015
HYPOTHESIS AND ASSUMPTIONS

Location BANGALORE
T otal Construction Area (sq.meter) 3,242
Windows to Wall Ratio 100%
T otal Glass Surface Area (sq.meter) 730
Local Electricity Cost 0.09 €
Variation in Electricity Cost 1.64%

- Electricity price was obtained from Ministry of Statistics and Programme - The window to wall ratio (WWR) for the curtain wall is 100% (Floor to
Implementation (www.mospi.gov.in).
-Electricity price increase was calculated with data obtained from Ministry of
Floor).
- The building’s glazed façade surface is oriented south.
General Note:

Statistics and Programme Implementation, Government of INDIA. The
value used in the report is 1.64%
(http://mospi.nic.in/mospi_new/upload/Energy_Statistics_2013.pdf).
- Energy savings are calculated from the simulations with the following
software and database: Design Builder and Energy Plus.
- Photovoltaic energy production is estimated from simulations done with
PVGIS (http://re.jrc.ec.europa.eu/pvgis/) and PVWATTS
(http://pvwatts.nrel.gov). The energy estimations do not take into account
shadows and system losses.
- The PV power output reduction in 30 years is estimated in 20%.
- Calculation estimates 30 years of building use.
This feasibility study has been carried out on a good faith basis under the
12
- Curtain wall Glazing: The composition of an insulating glazing unit (IGU) is hypothesis and assumptions aforementioned. Further analysis and
1/4” T clear + 1/8” T + clear/ 1/2” air chamber/ 1/8” + 1/8”. The estimated calculations might be needed for a dedicated project.
cost is 143.53 EUR/SQM.
If you are interested in a simulation for your particular building please
- All HVAC equipments are connected to the electricity grid. contact us.
- Balance of System cost has been extracted from the Solar Market Insight Calculate the Photovoltaic Energy produced by your building here.
Report 2015 Q1 elaborated by the Solar Energy Industries Association of
USA (SEIA) where inverter cost is 0.2 US$/Wp., electrical BOS is 0.15 Calculate the U value (or thermal transmittance) of your PV glass system
US$/Wp.& electrical related labour, engineering and PII is 0.01 US$/Wp. here.
-The total extra cost of the Balance of system (compared with the
installation of the regular clear glass studied along this Feasibility Study)
U Value Visible Light Peak Power
Technical Characteristics of Glazing SHGC (%)
has been estimated in 0.01 EUR/Wp for INDIA. Labour costs for India are (Btu/ft2 hr ºF) Transmission (%) (Wp/SQF)

Clear glass + 1/2" air chamber + clear glass

- The building taken as a reference is designed under ASHRAE 90.1-2010 adjusted with data obtained from United Nations Economic Commission Amorphous silicon photovoltaic glass with a transparency degree of 10% + 1/2" air
0.47 70 79 0

building Standards. (http://w3.unece.org/pxweb/) and http://www.tradingeconomics.com. chamber + clear glass

Amorphous silicon photovoltaic glass with a transparency degree of 10% + 1/2" argon
0.49 12 10 4.09

chamber + low-e glass 0.21 11 10 4.09

- The building’s volume measures 120’x80’x65’ (36.5x21.5 x20m) Amorphous silicon photovoltaic glass with a transparency degree of 20% + 1/2" air
- This report has considered an accelerated depreciation of 80% in the first chamber + clear glass 0.49 16 20 3.53

- The total floor area of the building is 34,884 ft2 (3,242 m2) divided in five year of investment as a government incentive to solar energy projects Amorphous silicon photovoltaic glass with a transparency degree of 20% + 1/2" argon
chamber + low-e glass 0.21 13 20 3.53

floors. The south façade surface measures 7,855 ft2 (730m2). (http://www.eai.in/). Amorphous silicon photovoltaic glass with a transparency degree of 30% + 1/2" air
chamber + clear glass 0.49 22 30 3.16

- Exchange rate used in the report: 1US$=0.9 EUR. Amorphous silicon photovoltaic glass with a transparency degree of 30% + 1/2" argon
chamber + low-e glass 0.21 19 30 3.16

www.onyxsolar.com
LOW-E PHOTOVOLTAIC GLASS. AWARDED AS THE MOST INNOVATIVE GLASS PRODUCT OF 2015
 13
SPAIN (Avila)
C/ Rio Cea 1,46 · 05004
Phone: +34 920 21 00 50
info@onyxsolar.com

UNITED STATES (New York)

1123 Broadway, Suite 908, NY 10010
Phone: +1 917 261 4783
info@onyxsolar.com

www.onyxsolar.com

www.onyxsolar.com
©© Copyright Onyx Solar Energy S.L – All Rights Reserved
LOW-E PHOTOVOLTAIC GLASS. AWARDED AS THE MOST INNOVATIVE GLASS PRODUCT OF 2015