Solar Energy Cost

The Cost of Solar Energy is Surprisingly Affordable - We'll Prove It

Why pay the utility company for costly fossil fueled electricity when you can become your own clean energy power plant, produce all or most of the electricity you use, and save thousands annually?

Solar is one of the smartest investments you can make today and can actually pay you back over time.  As the solar industry has matured, module prices have dropped and stabilized. The technology is here, and the time is now. When you factor in the current Solar Incentives & Tax Credits, which are driving flexible Solar Financing Options, you’ll see why you can’t afford not to go solar!

Below is a financial overview of a typical Solar Electric System for a Home that produces approximately 75% of electric usage:

 

Installed System Price
$24,999
 30% Federal Tax Credit
 - $7,499
Average State and Local Incentives
 - $4,000
 Net Installed System Price
$13,500
 Total Energy Savings
 $28,000
 Property Value Increase
 $19,000
 Total Solar Financial Benefit
$45,000

 

Savings are based on typical utility rates of $.12/KWH and expected 4% annual rate increases. The savings are even higher in areas with utility rates that are higher, such as in Maryland, Pennsylvania, New Jersey and parts of North and South Carolina. You Greenspring Energy Solar Consultant can help you understand what you are paying on your bill. When you produce your own energy, you are saving on every killowatt hour including, taxes, base rates, delivery fees, and any other fees that you pay on each killowatt hour.

Solar is a guaranteed investment that earns a better rate of return that most major investment vehicles.

Below is a financial overview of a typical Solar Hot Water Heater for a Home that produces approximately 75% of hot water annually:

 
 Installed System Price
$9,999
 Federal Tax Credit
 $2,999
 State and Local Incentives
 $1,000
 Tank Replacement Savings*
 $1,500
 Net Installed System Price
 $5,500
 Total Energy Savings
 $9,000
 Property Value Increase
 $6,750
 Total Solar Financial Benefit
 $15,750

 * Assuming standard hot water tank replacement every seven years and installed price of $750

 To find out how much you can save with a solar electric or solar hot water system, call or send us a Free Site Survey Form

 

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