shopping for your solar panel system is just as hard as finding and paying the installers. And frequently, you are getting over priced by companies who are charging to high, without giving you any options. That’s why it is best to taking shopping more seriously than anything else. I work as a Do It Yourself home remodeling professional most of the time, but frequently I also refer people to using solar, mainly because most of my homes that I work on are in the state of California, where new homes will require solar anyways. But most of the time people don’t understand the extrinsic benefits. And, calculating your solar costs may be harder than expected when it comes to the entire system, installation and all of the add ons and accessories like batteries and inverters. When you calculate your solar costs there’s a few factors. The average cost of your home utilities, and your homes size will greatly determine how big of a system you need, than the output of the system will show you how much electricity you are generating considering the costs of the installation and the price of the system, minus the amount you get back in taxes, than you can counter this by the costs you are usually paying for your utilities without solar.
Here is an example System Size: 3.3 KW - DC, which at the end of the day is equal to $7,088 Net Cost.
Your project address: ####, Burbank, CA 91505, USA
Your average monthly electricity bill: $100
PERMIT & PRODUCT COST As Low As: $5,770
Solar Product Package includes:
Engineer / Permit: $798
Panel:12 pcs * $145/pcs = $1,742
Inverter & Accessory:$1,418
Racking: $529
BOS: $672
Other mis:$0.05/watt * 3,300 watt = $160
Sales Tax:$5,159 * 8.75% = $451
*Solar product package does not include electrical main service panel upgrade, and finance expenses.
*Sales Tax Rate: 8.75%. Please consult with your CPA for more information of sales tax.
Your Project Analysis
Permit & Product + Installation Cost
$5,770 + $4,356 = Total Cost $10,126
System Size: 3.3 KW - DC
$30,699 20 Year Net Savings
In 2009 after your solar tax rebates you will be at $7,088 Net Cost
5.4 Years Payback
IRR: 17.9% Internal Rate of Return
INSTALLATION COST Installation Cost $4,356
Our data collected from 2296 completed residential projects shows costs of $4,125 - $4,587 for similar solar installations in your area. Input your budget here to review financial analysis.
Solar Installation Package includes:
Application for solar installation permit from local building safety department.
Scheduling the Installation of the System at a mutually convenient date and time, make sure solar system will be installed based on pre-approved engineer layout.
Removal of all Installation tools, construction/installation equipment, machinery, waste materials and rubbish from and around your Property prior to utility approval of the System.
Guarantee that any roof penetrations made for the System shall be completely weather-tight.
Making sure your system will receive Permit to Operation (PTO).
*Solar product installation cost does not include any construction of roof improvement to support solar system and any upgrade of your existing electrical service.
No comments:
Post a Comment