(Sorry - was that too cynical of me?)
($57500 - $1200) * 70% is still more than $33533
So what else is missing?
I'm guessing there's some other incentive/rebate/tax credit as well.
Here's more info ;
Array 1 manufactorer REC panels (22 of them ) REC280TPBLK
Array 2 REC ;; (9of them ) rec280tpblk
Array 3 REC280tp blk (13 of them )
Array 4 rec280tpblk
Array 1 manufactorer REC panels (22 of them ) REC280TPBLK
Array 2 REC ;; (9of them ) rec280tpblk
Array 3 REC280tp blk (13 of them )
Array 4 rec280tpblk
11?
[quote]System size is 15.4 KPW[quote]
"KPW" isn't a unit of measurement that's used for solar systems.
Was that supposed to be KW?
I'll assume it is.
15.4kW at $3/W is $46200.
That's $10K less than sunrun (only $7K after take into account the fed tax credit - but $7K is IMO still quite significant.)
BUT lets back up a bit.
Seems reasonable for upstate NY that you will produce 16000KWH each year (depending on angles those panels are facing)
Let's assume that's a little conservative for the first year, but since things degrade it'll be reasonable average for next 20 years.
20 years * 16000kwh is 320MWh.
$46k after 30% fed credit would be about $32k.
$32k/320MWH is about $.10/kwh
If there are other incentives that number comes down and becomes more attractive/viable.
How much do you currently spend per kwh for electricity?
How much of that will go away if you went with solar?
Or put another way - if you spend $32K now on a system how much of your monthly (or yearly) utility bill goes away? $20? $50? $100?
My guess would be around $100/month.
Which means a system that costs $32k after tax credits wouldn't be a wise choice.
BUT there may be other ways it becomes viable. I know someone in another state where they sell their entire production for $.35/kwh and buy their entire consumption for ~$.09/kwh. (Which does make the financials work out fairly well)
Or maybe there are local/state incentives that bring it down enough that it's worthwhile.
Personally I think a 10 year "payback" is the point where it's just not worth the investment.
But it's your money to do with as you choose.
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