What About The Cost?
| Photovoltaic System Specifications | |
|---|---|
| System Type | Grid-tied, Net-metered |
| System Size | 5Kw |
| Array Orientation | South |
| Projected System Production | 6,278 KWh per year |
| System Cost And Incentives | |
|---|---|
| Cost Before NJ Clean Energy Program (NJCEP) Rebate |
$43,750 |
| Current NJCEP Rebate Level (With a certified home energy audit) |
$1.75 |
| Rebate Amount | $8750 |
| Cost After Rebate | $35,000 |
| Current Federal Tax Credit | 30% of Cost After Rebate |
| Eligible Tax Credit | $10,500 |
| Cost After Federal Tax Credit | $24,500 |
| Financial Benefits | |
|---|---|
| Annual Savings Based on $0.17/KWh |
$1067 |
| Projected Annual sREC value (Based on $550/MW) |
$3452 |
| Total Projected Annual Savings | $4519 |
| Breakeven Point After federal tax credit |
5.4 years |
| Return On Investment After federal tax credit |
18.4% |
| Increased Value To Your Home Based on NAR 20x annual savings |
$21,000 |