solar switch

Sun Energy Economics

. By Frank MfLAafthlla IV nm n an attrirtivr source M wrgy tor docnooUc hot watrr hcatinft Hrrr arr aoinr M the ecortomica of ownfnti a aoUr hot Water heatlnti aystem Hi a typical borne UU'took ■ family of four or five who before swit- < hin# to solar used oil to heat hot water for showers, dishwashing clotheswashing, etc Electric prices a bit more -gas prices a little less Just to heat water for such uses, this family, on average, spends about MO per month A system for five people, (solar hotwaler heating systems are aired by water utage and thus by family sirei if shopped around for, can be purchased (top quality solar parts, installation materials and labor) for rttKHjI $2,700 the government provides an incentive tp install a solar system 40% of the coat of a solar energy system coating up to $10,0001s allowed to be taken off the owner » tax liability in the form of a tax credit Therefore, in our teat case 40% of the 12,7000, almost $U00, is taken as a tax credit The net coat of the system is therefore about IL600 Because our case family has invested in-solar, they will save about 75% of their $40 per month Hot water heating hill with a well designed solar system. Savings will be about $30 per month or $300 per year ' Assuming that the cost of fuel hies 15 per cent per year, in just over 34 years, this family will save about $t,M)0 the net investment for their solar system. Many solar companies offer systems which are designed for <kvit;yourself installatioh. A handyman with a helper and a long weekend can aiave several him-, dred dollars on installation labor. This makes for an . even better payback period ■ * n • Solar hot water heating systems Often provide a tremendous return on the homeowner s money. Assume' again the net investment is $600 and in year One the savings will be about $360 ' In year one our smart solar homeowner will Have received a 22 per cent return oh investment, and no taxes must be paid on this tremendous return because solar saves money that has been worked hard for — and taxed even harder Solar systems save our country energy, they are good for our beautiful environment, and they make us more Independent In addition in many cases, splar is a smart, economically feasible investment. It is little wonder that the number of solar homes doubles every twelve months Frank McLaughlin of Avalon (3M 507$) <• a marketing representative with an area Molar energy company.

Student Fund Aid Available

GEOtfGE LIFEGUARD, supervises newly opened automatic teller at GuaraMee Bank In Court House as customers line up to muke use of ihe 24-hour banking facility. . Guarantee Ends Slump

CAPE MAY Guarantee Bank ended a personal three-week vic,tory drought with an im/fcressive 77-73 win over league leading Sol Needles ’ Agency in Cape May Junior Basketball action. Brian Jones. Guarantee's big gun, pouncpd on Sol Needles for 34 points ,Mike Cronin and John Stile also contributed handily to the winning total with 16 and 14 points, respectively. John ’Chicken’ Richardson ‘laid’ in 32 markers for Sol Needles. TEXAS AVENUE Market declawed the Lobster house in overtime 77-75 behind point guard Patrick Holden's gamehigh 32 points. Anthony Lugo hustled his way to 20

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points and Andy Boyt worked inside for afiough 19 to assist Holden. • Scott Dllle Rmd Nick Castellano led a balanced attack for the Lobster House, combining for 40 points. THE GOLDEN EAGLE flew off iti perch and preyed on Tolz Realtors

81-56.

After the Eagle soared to a 22-8 first quartdt- lead it was all over for Tolz. Claude Wise (29), Lee Anderson *(24), Ed Managhan (14) and John Kanady guadrupled the offensive firhpower of Tolz, which was Kevin Connor

in 32 points.

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2 Guarantee Bank 3 Golden Eli jOe

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COURT HOUSE - The Guarantee Bank of Atlantic City has announced that scholarship grants are available from the Elmer Smith Scholarship Trust. Mr. Smith diedOct. 13,1972 at the age of 94> Born in South Seaviile, he was an engineer with the General Electric Co. and retired in ifl52. During his lifetime, Mr. Smith war a generous contributor to local charities. THE ' FUNDS, AVAILABLE are to be used for the higher education of deserving residents of Avalon, Dennis Township, Upper Township and Sea Isle City who are in need of financial assistance. A scholarship committee has been established in accordance with.the terms of Mr. Smith's Will to evaluate the applications of those students seeking scholarships. Pursuant to the terms of' his Will, the committee will give preference to students in an engineering or medical program and to students who will attend the College of Medicine and Dentistry of New Jersey, Rutgers at New Brunswick, Stevens Institute of Technology or Princeton University. APPLICATIONS will also be accepted from students who will attend other schools and who will pursue other fields of study. Applications for the

Boro Tax Rate Unchanged

by M’Ellen Rowland AVALON - «t the tales! meeting of Borough Council, President Philip Judyski announced completion of the 1981 budget and also stated the local purpose tax will remain the same as last year 64.2 per $aoo. Emphasis will continue to be one of providing services not cutting them; and it was noted this would be a major accompljkhment for any community, let alone Avalon which has recently undergone a change of government, realignment of departments and divisions and reorganization of employee responsibilities. The budget will be austere since utilities will increase 22 per cent, gas and vehicle expense 106 per cent, and employees’ salaries are ever increasing. Other municipalities

have had to services to keep within the CAP law but Avalon's budget is committed to items of increased services: a new ambulance for the Rescue Squad; a curb and side walk project which will be going out for bid shortly; . four new blocks of boardwalk re-construction; 22 blocks of new paving; for Dune Dr. and various other streets, and additional dredging permits for waterways and lagoons; and a completely reconstructed and expanded recreation area at 8th St. Reprints of the budget will be available upon request, approximately March 18, at the office of the borough clerk. In other action at the Feb. 28 meeting, council approved an ordiance appropriating $424,000 and authorizing the issuance of

$402,800. in bonds or notes for various improvements to the sewage treatment plant.

scholarship awards are •available at the Holy Spirit High School, Middle Township High School, Ocean City High School, Wildwood Catholic High School and the Sea Isle City Branch of Guarantee Bank. Students should submit written applications to the Guarantee Bank, Trust Department, N. Carolina and Atlantic Avenues, Atlantic City 06401, prior to May 1.

Gets New Bank Post WILDWOOD - James L. Billmeyer, president of Marine National Bank, recently announced the appointment of Donald E. Cheatle, CPA* to the posi-.

jt^on of vice Ipregident -

[finance.

Formerly

[with Touche, | Ross and Co., [public ac[countants. [ Cheatle has Ibeen with 1 Marine since 11980, when he fjoined the ] firm as con-

1 troller.

A graduate of the Pennsylvania State University, Mr. Cheatle is a member of the American Institute of Certified Public Accountants and the New Jersey Society of Certified Public Accountants. Cheatle has lived in Seaviile since 1973 with his wife and daughter. He jogs daily along the roads of the

area.

Cheatle

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