State
and Federal Tax Credits reduce 65% of the money you will pay to the power company.
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 $6,999.00
Installed. Tax credit is $4500 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 $2100.00 and the State Tax Credit will be $2450.00
Reducing your cost to jut $2450.00. Your return on the investment is 7 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 photovoltaic the best return for your remodeling dollar.
