On-Grid Residential
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Consider these economic incentives:
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TYPICAL 3KW SOLAR ENERGY SYSTEM
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INITIAL CAPITAL COST
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UTILITY REBATE
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FEDERAL TAX CREDIT
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STATE TAX CREDIT
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ANNUAL ENERGY SAVINGS
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NET COST at the end of 1st year
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$22,500 (1)
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$9,000 (2)
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$2,000 (3)
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$1,000 (3)
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$570 (4)
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$9,930 (5)
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Notes on pricing example:
- System cost will vary depending on installation site conditions.
- Utility rebates are subject to availability of funds.
- Federal and State tax credits may vary depending on individual situations. Consult your tax advisor for details.
- Assuming a utility rate of $0.10/kWh. (Savings will increase if utility rates increase.)
- Net after first year savings of $12,570.
