Quote:
Originally Posted by slapass
Look at this site. it is pretty cool in that it lays it out pretty good for your house. I would pay like 18k to save $371/year. Not a month but per year. Where do I sign up???
http://findsolar.com/index.php |
Building Type: Residential
State & County: OH - Lucas
Utility: Toledo Edison Co
Utility Type: Investor-Owned Utility
Assumed Average Electric Rate:
Please check against your bill
To recalculate, enter a value and press "enter" on your keyboard -
$/kWh
Assumed Average Monthly Electricity Usage:
Please check against your bill
To recalculate, enter a value and press "enter" on your keyboard -
kWh/Month
Your Average Monthly Electricity Bill:
(Assumed rate x average monthly useage) $ 100 / Month
Tiered Rates Apply:
Yes - See Notes, below!
Time-of-Use Metering Offered: Yes - See Notes, below!
Net-Metering Available: Yes - See Notes, below!
ESTIMATED SYSTEM SIZE
The system size best for your situation will vary based upon product, building, geographic and other variables. We encourage you to work with a Solar Pro who can better estimate the system size best for your situation. We estimate your building will need a system sized between 3.46 kW and 5.18 kW of peak power. This estimate assumes the mid-point of this range.
Solar Rating: Good
4.32 kWh/sq-m/day
Solar System Capacity Required: 4.32 kW of peak power (DC watts)
Roof Area Needed: 432 sq-ft
ESTIMATED SYSTEM COST
This is only an estimate based upon many assumptions. Installation costs can vary considerably. We encourage you to work with a Solar Pro who can provide you with a more detailed cost estimate. We estimate that a 4.32 kW peak power system will cost between $31,104 and $46,656. This estimate assumes the mid-point of this cost range.
Assumed Installation cost:
(before rebates, incentives or tax credits).
See the Cost Notes, below!
To recalculate, enter a value for assumed cost/watt installed and press "enter" on your keyboard. $38,880
assuming $
per watt DC
Expected Toledo Edison Co Utility Rebate:
(Limited to not exceed state max. incentive amount) ($ 0 )
Expected OH State Rebate
($3.5/watt installed)
(Limited to 1st 10000 watts. $2.5/watt thereafter - See notes, below)
(Maximum: $25000)
(Limited to 50% of cost) ($ 12,247 )
OH State Tax Credit/Deduction ($ 0 )
Federal Tax Credit:
(Installation type: Residential ) ($ 2,000 )
Income Tax on Tax Credit: $ 0
YOUR ESTIMATED NET COST: $ 24,633
Monthly Payment (6.5% apr, 30 years): $ 156
SAVINGS & BENEFITS Assumed Utility
Inflation Rate
%
To recalculate, enter a value and press "enter" on your keyboard
Increase in Property Value: $10,360 to $19,761
Exempt from Property Tax: YES
Accelerated (5 yr) Depreciation:
(Installation type: Residential ) No
First-year Utility Savings:
Since this is not a business application, these savings are in after tax dollars. So, your realized savings may actually be higher! $518 to $988
Average Monthly Utility Savings:
(over 25-year expected life of system) $72 to $138
Average Annual Utility Savings:
(over 25-year expected life of system) $869 to $1,658
25-year Utility Savings: $21,736 to $41,460
Return on Investment (ROI):
(with Solar System ave. cost set as asset value) 214%
Return on Investment (ROI):
(with system cost less Property appreciation set as asset value) 369% to 1,081%
Internal Rate of Return (IRR): 3% - 8%
Years to Break even:
(Includes property value appreciation) 2 to 10 years
Years to Break even:
(Assuming no property value appreciation) 9 to 17 years
Greenhouse Gas (CO2) Saved:
over 25-year system life 103.0 tons
206,000 auto miles