SOLAR SAMPLE BUDGETS

SOLAR PHOTOVOLTAIC POWER

Small Grid-Connected Solar System <7 kW

System Size:  4.58 kW

Total System Cost: $19,465

Federal Tax Credit:  $5,839

Net-Cost: $13,626

Annual Electricity Savings: $710

Annual SREC Income: $50

Rate of Return: 7.0%

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Medium Grid-Connected Solar System 7-15 kW

System Size: 12.95 kW
Total System Cost: $37,840
Federal Tax Credit: $11,352

Net-Cost: $26,488
Annual Electricity Savings:  $1,942

Annual SREC Income: $160
Rate of Return: 8.5%

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Large Grid-Connected Solar System 16+kW

System Size: 24.65 kW

Total System Cost: $61,625

Federal Tax Credit: $18,487

Net-Cost: $43,138

Annual Electricity Savings: $3,845

Annual SREC Income: $320

Rate of Return: 9.5%

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