DE just changed their State Energy Grant from 85 cents per watt to 55 cents for Solar

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  • Admiral Ackbar
    Junior Member
    • Aug 2015
    • 15
    #1

    DE just changed their State Energy Grant from 85 cents per watt to 55 cents for Solar

    Just a head's up, I was looking for solar in DE. I was literally going to sign a contract in the next week. And Delaware just changed their grant. They were offering 85 cents a watt. On Monday they dropped it to 55 cents. No warning. I didn't even know they could do that. And you still have to wait 3 years to get it. So I've had really, really bad luck on this and now I have to recalculate my payback time. My personal cost probably just increased by $1,500.
    Tags: None
    • SunEagle
      Super Moderator
      • Oct 2012
      • 15125
      #2
      Originally posted by Admiral Ackbar
      Just a head's up, I was looking for solar in DE. I was literally going to sign a contract in the next week. And Delaware just changed their grant. They were offering 85 cents a watt. On Monday they dropped it to 55 cents. No warning. I didn't even know they could do that. And you still have to wait 3 years to get it. So I've had really, really bad luck on this and now I have to recalculate my payback time. My personal cost probably just increased by $1,500.
      Unfortunately most States can drop or eliminate solar rebates with little notification. Even some of the POCO's find ways to streamline a reduction in what they pay out if they have the PUC on their side.

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        • Admiral Ackbar
          Junior Member
          • Aug 2015
          • 15
          #3
          Yeah, I talked with the program manager and she stated the state had done a new analysis through a contractor and they recommended changing the incentive so they did. If they had just waited two weeks I would have saved an additional $1,500. Just rotten, terrible luck.

          I did my recalculations. The difference in incentive is $1,400. Under the old system the state and feds were paying for 62% of my cost. Under the new incentive they're paying 52% of my cost. Still good but not as great. I also calculated that where before it would take about 5.5 years to recoup my costs, it'll now take me about 7 years.

          Oh well.

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