How
Much
Does
It
Cost?
Solar can eliminate much of the electrical utility cost for your home or business and provide a secure return on your investment. Your system will be designed to meet your energy goals and to fit your budget.
A
Strong
and
Safe
Investment
A solar energy system is an outstanding investment for your home or business. Every solar electric system, whether commercial or residential, will receive a 30% federal tax credit. Depending on your particular situation, you may be eligible for a cash grant in lieu of the credit, bonus depreciation, and utility incentive programs. Also, as electricity prices continue to rise, your return on investment goes up!
Tax
Benefits
and
Incentives
–
Get
'Em
While
They
Last!
The 1603 Cash Grant Program and 100% Bonus Depreciation are set to expire at the end of 2011. Government agencies and utilities continue to offer incentives encouraging homeowners and business owners to adopt solar electric. Every solar incentive program is designed to go away; so early adopters ALWAYS receive the highest benefit.
Declare
Your
Energy
Independence
Producing solar electricity helps reduce America’s dependence on foreign oil. Become your own utility company and protect yourself from rate increases. You may even produce enough solar energy to sell back to the utility company and further reduce your energy costs.
Increases
Your
Home
Value
Solar Electric will significantly increase the value of your property. Extensive research done by the National Association of Realtors has shown that solar electric increases property value by $15,000 - $20,000 for every $1,000 in electricity savings provided by solar electric.-The top 2 questions asked by potential property buyers are “What are the property taxes” and “How much are the utility bills?”
Good
For
the
Environment
Solar electric systems also give you the chance to make a positive impact on the environment by creating clean, renewable energy that reduces harmful greenhouse gas emissions and improve air quality that benefit all of us.
Cost
Examples
The example systems below are based on receiving the federal tax credits, which are guaranteed by the government through 2016.
5,000
Watt
System*
- Out of pocket system cost: $20,650
- Monthly utility bill savings: $106
- Taxable equivalent annual return: 12.3%
10,000
Watt
System*
- Out of pocket system cost: $41,300
- Monthly utility bill savings: $214
- Taxable equivalent annual return: 12.3%
* These values are for a typical roof mounted solar electric system installation. Price include equipment, installation, permits, and a web-based monitoring system. Electricity prices are based on current rates for Gainesville Regional Utility Customers. Return on investment calculations are based on an assumed 30% federal investment tax credit, a 28% federal tax bracket and a 6% annual inflation rate for electricity prices and are for illustrative purposes only. We recommend that any financial calculations be reviewed by a qualified accountant or financial advisor.