The amount of rebate may drop at anytime. For everyone interested in going solar, contact us as soon as possible before all these incentives disappeared. Some of the states offer performance-based incentive. If so, you can finance the solar system through performance-based incentive and your net out of pocket can be ZERO!
Below is sample cost break down for a typical 6.9kW solar system (30 Solar Panel Array approx. 540 sq. feet)
 |
|
|
New Jersey
| Total Retail Price | $36,225 |
| Sunshine solar rebate at $0.75/W | $5,175 |
| Initial Investment after rebate | $31,050 |
Federal Tax Credit
(30% of net) | $9,315 |
| Total Investment | $21,735 |
| Est. Electrical Production/yr | $1,408 |
| SREC over a 18-yr period | $57,600
|
| Est. Increased Value of Property | $37,081
|
| Total Electrical Savings | $160,000 |
| Simple payback | 4 years |
EARN TAX FREE INCOME
by selling SREC | $48,000! |
|
|
New York
| Total Retail Price | $36,225 |
| LIPA rebate at $1.75/W up to 10kW | $12,075 |
| Initial Investment after rebate | $24,150 |
NY State Tax Credit
(25% of net cost max. $5,000) | $5,000 |
Federal Tax Credit
(30% of net) | $7,245 |
| Total Investment | $11,905 |
| Est. Electrical Production/yr | $1,855 |
| Est. Increased Value of Property | $37,081
|
| Total Electrical Savings | $160,000 |
| Simple payback | 6.5 years |
|
 |
|
|
| |
|
|
|
Pennsylvania
| Total Retail Price | $36,225 |
| Sunshine solar rebate at $1.75/W | $12,075 |
| Initial Investment after rebate | $24,150 |
Federal Tax Credit
(30% of net) | $7,245 |
| Total Investment | $16,905 |
| Est. Electrical Production/yr | $1,855 |
| SAEC over a 15-yr period | $27,000
|
| Est. Increased Value of Property | $37,081
|
| Total Electrical Savings | $160,000 |
| Simple payback | 5 years |
EARN TAX FREE INCOME
from selling SAEC | $19,800 |
|
|
Connecticut
| Total Retail Price | $36,225 |
CCEF rebate at $1.75/W up to 5kW
and $1.25/watt between 5kW-10kW
| $11,125 |
| Initial Investment after rebate | $25,100 |
Federal Tax Credit
(30% of net) | $7,530 |
| Total Investment | $17,570 |
| Est. Electrical Production/yr | $1,855 |
| Est. Increased Value of Property | $37,081
|
| Total Electrical Savings | $160,000 |
| Simple payback | 9 years |
|
|
|
|
|
