Hi Everyone
I currently have a quote for the system listed below. My usage is 13,500 kW a year at our home. My question is regarding the federal tax rebate. Probably a question for an accountant, but is it correct that I should figure the federal credit at 30% off of the figure after taking the electric company rebate vs the whole project cost?
Thanks
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PROPOSED PV EQUIPMENT
PV Modules: ReneSola Virtus II 156 Series Polycrystalline 255 Watt Modules. See attachment. High efficiency, UL-listed modules that have a 25 year linear power output warranty by a major solar manufacturer. The performance guarantee starts with a performance guarantee of 97.5% through year 1 and an 80% performance guarantee at year 25. 10 year warranty on material and workmanship.
Inverters: ReneSola Replus-250A Microinverters. These inverters also have a 25 year warranty versus the typical 15 year inverter warranty.
PV System Mounting Equipment: SnapNrack Series 100 Roof Mount System.
PV System Monitoring Equipment: Micro Replus Gateway Monitoring System.
- 8.67 kW estimated installed power capacity (direct current, standard test conditions)
- 34 modules and 34 microinverters.
Cost:$25,570 for 8.67 kW or $2.95 kWh
Amren
Rebate $2.00 or $17,340 which brings cost to $8,230
30% federal $2,469 (or can this be 30% of the total cost of project?)
Out of pocket $5,761
I currently have a quote for the system listed below. My usage is 13,500 kW a year at our home. My question is regarding the federal tax rebate. Probably a question for an accountant, but is it correct that I should figure the federal credit at 30% off of the figure after taking the electric company rebate vs the whole project cost?
Thanks
--------------------------------------
PROPOSED PV EQUIPMENT
PV Modules: ReneSola Virtus II 156 Series Polycrystalline 255 Watt Modules. See attachment. High efficiency, UL-listed modules that have a 25 year linear power output warranty by a major solar manufacturer. The performance guarantee starts with a performance guarantee of 97.5% through year 1 and an 80% performance guarantee at year 25. 10 year warranty on material and workmanship.
Inverters: ReneSola Replus-250A Microinverters. These inverters also have a 25 year warranty versus the typical 15 year inverter warranty.
PV System Mounting Equipment: SnapNrack Series 100 Roof Mount System.
PV System Monitoring Equipment: Micro Replus Gateway Monitoring System.
- 8.67 kW estimated installed power capacity (direct current, standard test conditions)
- 34 modules and 34 microinverters.
Cost:$25,570 for 8.67 kW or $2.95 kWh
Amren
Rebate $2.00 or $17,340 which brings cost to $8,230
30% federal $2,469 (or can this be 30% of the total cost of project?)
Out of pocket $5,761
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