$1,500
$13,818
19.5%
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$1,500
$13,818
19.5%
Property
- Owner:
- Gadi Reinhorn
- Type:
- Residential
- Address:
- 39 Harvey Street, Cambridge, MA 02140
- Size:
- 1,400 sq ft
Technology
- Type:
- Solar PV
- Installed:
- March 2017
- Size of System:
- 6.7 kW
- Purposes:
- To generate electricity
Financial Details
- Gross Cost of System:
- $21,168
- Value of Tax Credits:
- $6,350
- Net Cost of System:
- $13,818
- Annual Savings:
- $1,500
- Annual Revenue:
- $1,200
- Own or Lease:
- Purchase with Loan
Professionals & Suppliers
- Installers:
- Financing:
- Mass Solar Loan Program
What You Need to Know
Description:
My townhouse is attached on both sides. There were no issues that required HOA involvement. In fact I convinced 2 other neighbors to go solar.
My Motivation:
Firstly, I'm happy to be generating less CO2. Secondly, with the utility savings, and Energy Credits, I'm looking forward to breaking even after about 4 years and making money.
Advice:
Compare apples to apples. Keep everything about your calculations the same except for Cost and System size. Some people focus on $/kWh, but for me the payoff after 20 years was easier to evaluate.
Experience with Installer:
The installer I picked gave be the best return on investment by far. But they also were very responsive and reasonable. Once signed the contract, I was less happy with the agent I worked with, but the others including the work crew were great. Make sure the installer uses their own crew and not subcontractors.
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