State
and Federal Tax Credits reduce ROI
1KWH Grid Connected Photovoltaic System: This is the best way to get started, a 1 KWH system. The system produces 1 kilowatt of power
for each hour the sun is up on a clear day. Here in the sunny south we can expect to see 268 day of clear sky. In the winter
time we get about 5 hours of sun a day and 10 in the summer. It is estimated we could get as much as 1825 KWH per
year from a 1 KWH system. The most important part is the production in the peak hours of the summer when energy cost are at
their highest price. Summer peak rates can be 20 to 35 cents per KWH depending on your energy supplier.
Installation will
take 1 business day with no interruption of power. The upfront cost is $9,999.00 Installed. Tax credit is 6500 for
residential. Installations vary by design. Systems can be installed on the ground, on poles or on a building.
Your savings on your electric bill will vary by use, but this system
should cover 15% of your cost from the first day residential. This small system returns $350.00 per year. Your Federal Tax
Credit will be 3000.00 and the State Tax Credit will be 3500.00 Reducing your cost to jut 3500.00. Your return on the investment
is 10 years or less for full payback. The rest of the system's power generation life is yours for free. It will also add
to the value of your building about 130% of cost to install. Making the installation of photovoltaics the best return for
your remodeling dollar.
