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Residential - Savings and Costs
Costs
The cost of a Solar system includes the Photo-Voltaic (PV) system and the
installation. Your PV system cost will depend on several factors
including the size of system, the energy efficiencies of your home, and
other possible site related factors.
- A small scale PV system with built
in-inverters, that produces approximately 1,000 watts of power will
typically cost around $8 per watt or $8,000.
- Mehr Solar can provide you with a
free residential site evaluation and cost estimate. Call us to
schedule an informal meeting today.
Savings
- The economies of scale realized with
some larger systems can reduce costs substantially.
- Utility Company rebates and
incentives can reduce the costs by 30% to 75% and depends on your
utility company offer.
- There is a federal residential tax
credit up to $2,000.
- Your system will pay for itself by
eliminating or greatly reducing your electric bill every month some
systems have paid for them selves in as little as 7 years.
- Sell you excess power production
back to your utility company for credits used during times of lower
production or greater power need.
- Remember, the state incentives can
significantly reduce the cost of purchasing a PV system. In
addition, the state and federal tax credit can reduce your overall
costs much further.
- Net Metering utilizes a bi-direction
meter that actually Spins Your Meter Backwards!
By
working with us, we will help you reduce your electric bill even further
with helpful suggestions about what you can do to increase your energy
efficiency.
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