Quick Facts
Average Annual Savings
$3,845
Net Investment
$22,055
Return on Investment
34.9%
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First solar installation. Went smoothly, now fully operational as of 12/1/2016. Energy Sage was very helpful. We chose RESNE - delivered everything as promised.
Quick Facts
Average Annual Savings
$3,845
Net Investment
$22,055
Return on Investment
34.9%
Property
- Owner:
- Paul L.
- Type:
- Residential
- Address:
- Cumberland, RI 02864
- Size:
- 2,500 sq ft
Technology
- Type:
- Solar PV
- Installed:
- September 2016
- Size of System:
- 9.5 kW
- Purposes:
- To generate electricity
Financial Details
- Gross Cost of System:
- $31,507
- Value of Tax Credits:
- $9,452
- Net Cost of System:
- $22,055
- Annual Savings:
- $3,845
- Annual Revenue:
- $3,845
- Own or Lease:
- Cash Purchase
- Additional Financial Notes:
- 1/3 will be paid for by a 2016 $ tax credit. Appx 18% ROI on cash in. Under 6 year return of original capital. Tax credit was financed with 0% interest loan due at time of credit. National Grid pays $.37+/KwH produced.
Professionals & Suppliers
- Installers:
- Renewable Energy Services of New England, Inc.
- Financing:
- Green Sky Credit
What You Need to Know
Description:
33 panels, 2 meters, outside emergency shut off, website for monitoring production down to 15 minute increments and over time.
Other Benefits:
Add approx the cost of the system to the value of the property immediately.
My Motivation:
Quick payback and ROI
Advice:
Use Energy Sage to weigh alternatives. Have several visit and provide detail quotes.
Experience with Installer:
Excellent job, esthetically good as well.
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