Understanding The Cost of A Solar Energy System

Just about everyone has thought about going "Green" with Renewable Energy

. Searching the internet, reading all they can on what is the best for them. Sometimes they get some random cost figure and that scares them. D & R Energy wants to help consumers understand the costs associated with a system and how incentives and tax credits can reduce the costs.

We find that the average size system we install at D & R Energy is about a 5 KW system, or 5000 watts. Now prices will vary for the system due to a few factors like type of equipment installed, actual size of the system, roof pitch and if there might be a long run for the electrical if the system is mounted other then on the home.

Here is an example of how pricing works for a typical install, (prices stated are not a formal quote as all quotes are customer specific). This example will use a current utility incentive for Solar and the Federal Tax Credit. Prices stated are on a per watt, installed price

5000 watt (5 KW) system $5.75/watt installed $28,750.00

30% Federal Tax Credit this is 30% of the total install price $ 8,625.00

Utility Rebate Incentive based on rebate of $2.40/watt installed $12,000.00

REC Buy Back based on 20 year utility contract $12,138.00

Total system cost after credits, rebates and incentive (avg. of 5.2 yr payoff) -$ 4,013.00

Yes there are out of pocket expenses that you will incur in the beginning but you will see almost 50% of the cost back in your pocket in about 60 to 75 days after install. Then when you file for your income taxes you can use the tax credit to help even more.

If you're interested in solar or any Renewable Energy source, contact D & R Energy today and they can explain in further detail what Sustainable Energy can do for you and the costs associated with it.

www.drenergyservices.com

Understanding The Cost of A Solar Energy System

By: Deanna Craig

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