A rough estimate for New system costs is about $6.00 a watt gross (before incentives) After all the incentives, the cost can go below $3./watt.
PGE rebates are now $.65 a watt.
There is a 30% tax credit for 30% of the total system cost.
Commercial applications can enjoy a 5 year system depreciation schedule.
Example: A 3000 watt system at $6. is $18,000.
$.65 a watt (net after adjustments) is $1950
30% of system cost is 5400.
Net cost is $10,650..
Yearly power generation from this system would be about 6000kw. AT 20 cents/kw one might expect to save about $1200. The savings may actually be higher than this, as the solar power may keep the homeowner out of the higher tier rates. Savings would also be HIGHER as PGE rates go up. I
Financing:
If 100% of the money was borrowed at current mortgage rates of 6%, and a 20 year amortization, the monthly payment would be $76./mo or $912 a year. The homeowner will see a positive cash flow right away, and as the PGE rates increase, the savings will also grow, while the payment stays the same.
Link to mortgage calculator: http://www.mortgagecalculator.net/
At EcoAdvantage Power, we have available up to $45,000 for short term, (till the rebate comes back to you. ) available for Wind turbine installations, upgrades to the home, as well as solar installations.
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