Quick Facts
Average Annual Savings
$1,430
Energy Needs Met
100%
or more of hot water
Net Investment
$21,000
Return on Investment
6.8%
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Quick Facts
Average Annual Savings
$1,430
Energy Needs Met
100%
or more of hot water
Net Investment
$21,000
Return on Investment
6.8%
Property
- Type:
- Single-Family Residence
- Address:
- Ellenburg Depot, NY 12935
- Size:
- 1,950 sq ft
- Energy need met:
- 100% or more of hot water
Technology
- Type:
- Solar PV
- Installed:
- January 2006
- Size of System:
- 10 kW
- Monitor performance:
- http://www.ualberta.ca/~mtyree/SWIEP/
- Purposes:
- To generate electricity
Financial Details
- Gross Cost of System:
- $76,000
- Value of Rebates:
- $50,000
- Value of Tax Credits:
- $5,000
- Net Cost of System:
- $21,000
- Annual Savings:
- $1,430
Professionals & Suppliers
- Installers:
- Vermont Solar Engineering
What You Need to Know
Maintenance Requirements:
None so far (5 years)
My Motivation:
Desire to have cost-effective net zero energy home that will save $165,000 in energy costs over 20 years. The PV sysem is one of three components. The other two are an open loop geothermal heat pump system and 10 kW wind turbine which combined generate 19,000+ kWh per year which is enough for heating, AC, hot water, all electrical systems PLUS 18,000 miles per year driving of my electric car.
Advice:
PV systems are cheaper now than when mine was installed 5 years ago. GO FOR IT!
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