Quick Facts
Average Annual Savings
$4,537
Net Investment
$36,301
Return on Investment
12.5%
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Looking forward to the summer
Quick Facts
Average Annual Savings
$4,537
Net Investment
$36,301
Return on Investment
12.5%
Property
- Owner:
- Mike V.
- Type:
- Residential
- Address:
- Aiken, SC 29803
- Size:
- 6,000 sq ft
Technology
- Type:
- Solar PV
- Installed:
- December 2019
- Size of System:
- 23.4 kW
- Monitor performance:
- https://monitoring.solaredge.com/
- Purposes:
- To generate electricity
Financial Details
- Gross Cost of System:
- $79,509
- Value of Tax Credits:
- $43,208
- Net Cost of System:
- $36,301
- Annual Savings:
- $4,537
- Own or Lease:
- Purchase with Loan
- Additional Financial Notes:
- see the Feb electric bill in the photos. Most recent bill came in 0n 3-19-20 and was for $32. The real payoff on this investment will be when the house goes up for sale some day. Potential buyers will be looking at cost of utilities for sure.
Professionals & Suppliers
- Installers:
- Firefly Solar & Roofing
What You Need to Know
Description:
ground mount
My Motivation:
The high electric bills for a house built in 1985
Advice:
If you have the space, do the ground mount system. Each panel will be positioned to the south at the most effective angle to the sun and clear of shade from trees. Repairs will be easy, roof not damaged with mounts and cleaning simple also.
Experience with Installer:
Palmetto State Solars people were excellent and the system passed the county's inspection without a hitch.
Additional Notes:
The electric meter for our home is attached to the ground transformer and not on the house as most people's are. We had to trench to the meter from the solar array.
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