Medina Ohio Solar PV

Residential - June 2018

Beautiful solar array installed on my roof!

Quick Facts

Average Annual Savings

$978

Net Investment

$11,410

Return on Investment

17.1%

Property

Owner:: Michael Standohar
Type:: Residential
Address:: 4989 Coddingville Road, Medina, OH 44256
Size:: 2,400 sq ft

Technology

Type:: Solar PV
Installed:: June 2018
Size of System:: 6.2 kW
Purposes:: To generate electricity

Financial Details

Gross Cost of System:: $16,300
Value of Tax Credits:: $4,890
Net Cost of System:: $11,410
Annual Savings:: $978
Annual Revenue:: $978
Own or Lease:: Purchase with Loan
Additional Financial Notes:: Purchased with a home equity loan under the EcoLink program offered here in Ohio. This program reduces the interest rate by 3 percentage points!

Professionals & Suppliers

Products:: Silfab Solar; SolarEdge Technologies
Installers:: YellowLite
Financing:: KeyBank

What You Need to Know

Description:

20 panel array with 1/4" spacing between all panels.

Other Benefits:

The array is mounted above the master bedroom and the shade it provides to the actual roof has helped make that room more comfortable during the hot summer months.

Maintenance Requirements:

No maintenance!

Efficiency or Sustainability Improvements:

New high efficiency HVAC and hot-water tank.

My Motivation:

Primary reason is to help the environment by putting my roof to work making clean energy. The technology is very interesting and it is certainly a great conversation starter with the neighbors. The financial benefits are nice too.

Advice:

Get as many quotes as you can. Every installer does something better than the next and that will guide you to the optimal system. Then find the installer willing to give you exactly what you want and that you feel most comfortable with.

Experience with Installer:

I was very surprised how many installers there were in Ohio and happy to see how enthusiastic they all were about solar. It was very difficult to choose just one for my job but I'm very happy with YellowLite and their staff.

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