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HERE'S HOW WE FIGURE THE COSTS.
The table below reflects the System installation costs showing S-REC sales and the Federal Income Tax Credit of 30% without any cap. Ask your accountant or tax preparer.
THESE ARE THE NEWEST CALCULATIONS EFFECTIVE January 23, 2009.
| RESIDENTIAL roof mount |
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SALES PRICE |
$25,857.00 |
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Rated watts |
3060 |
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yearly |
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production |
3886 |
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monthly |
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324 kWh |
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| New Jersey Rebate |
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$1.75 per watt x 3060 |
$5355.00 |
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production |
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Cost per kWh |
$0.1825 |
x 324 |
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$59.13 |
| S-REC VALUE |
$672.50 +/- |
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earned |
S-REC monthly |
$217.77 |
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Total Income/mo
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$276.90 |
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Tax credit |
Residential |
$7,757.10 |
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Net Cost after tax credit and rebate |
$14,351.40 |
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Payoff |
Residential months |
51.8 |
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Years to payoff |
4.3 |
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Annual Return On Investment |
$3322.80 |
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The System is estimated to pay for itself in 4.3 years. After that it pays you $276.90 per month on an $14,351 investment, an 23.1% return on investment. How does that compare to a money fund or CD?
FOR A PRINTER FRIENDLY PAGE SELECT: LANDSCAPE
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If you plan to rely on financing from your bank or loan company, the following link will take you to a loan calculator. Simply enter the amount you wish to borrow and the other terms for a full payout schedule: http://www.calculator.com/pantaserv/loan.calc
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