What Does Solar Cost?

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How does solar pencil out? Efficiency of solar equipment has risen sharply and prices have dropped. At the same time, local electricity rates are expected to rise at a rate of 2.2%/year. This takes much of the risk out of solar conversion and creates a high-tech win-win:

Scenario for a 7.5 kw system at $3.00 per watt:

Net outflows Net inflows
Gross cost: equipment, supplies, permits, labor $22,875
One time Federal tax credit of 30% 30%= $6862
Net cost of installation* $16,013
Est. annual energy production payment from utility co. until 2022 $950 - 4,600
Avoided energy costs $500
Total annual positives =$1,450 - 5,100

*(resulting in a net cost of $2.14/watt)

Thus your system will have paid for itself within 6-8 years (depending upon your specific utility company policies. After that, it is all profit!

Woman with check in hand

Our mailing address is: Solectrix, 3213 W. Wheeler St, Box #130, Seattle, WA 98199, USA