Residential Financial Analysis
Homeowners can save 30% on the cost of installing a renewable energy system with federal tax credits. Financing options make it possible to invest in solar for your home with minimal out-of-pocket costs and have the system generate positive cash flow in the first year! See below for how the numbers break down for a typical residential system.
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Sample Residential System
(3.0 kW system with an average $150/mo electric bill)
|Net Savings (over 30 year life of system)||$105,199|
|Home Appreciation||$19,000 - $22,780|
|Rate of Return (after taxes)||23%|
|Payback Period||8 Years|
|Pounds of CO2 Avoided (per year)||6,000|
|Equivalent # of Trees Planted (per year)||825|