Quick Facts
Average Annual Savings
$180
Energy Needs Met
100%
or more of electricity
Net Investment
$8,750
Return on Investment
3.4%
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Off-grid Solar System for Agricultural/Storage Building
Quick Facts
Average Annual Savings
$180
Energy Needs Met
100%
or more of electricity
Net Investment
$8,750
Return on Investment
3.4%
Property
- Owner:
- Gertrude B.
- Type:
- Other
- Address:
- Thomas Lane, Max Meadows, VA 24360
- Size:
- 960 sq ft
- Energy need met:
- 100% or more of electricity
Technology
- Type:
- Solar PV
- Installed:
- June 2019
- Size of System:
- 0.9 kW
- Purposes:
- To generate electricity
Financial Details
- Gross Cost of System:
- $12,500
- Value of Tax Credits:
- $3,750
- Net Cost of System:
- $8,750
- Annual Savings:
- $180
- Annual Revenue:
- $120
- Own or Lease:
- Cash Purchase
- Additional Financial Notes:
- Setting up separate utility service for this building was estimated to cost about $2,750 for parts and labor for the weatherhead, insulator, riser, meter base, service entrance conductor, etc. In addition, monthly utility bills were estimated at $25 per month (based on approximately $10/month for fixed utility fees + approximately $15/month for usage), or $300 per year. Compared to installing utility service, with an estimated upfront cost of $2,750 and estimated monthly charges of $25, which are expected to increase in the future, this system should pay fully back in less than 20 years, and will be a source of emergency power during utility outages.
Professionals & Suppliers
- Products:
- OutBack Power
What You Need to Know
Description:
This system has a large capacity battery bank that is kept charged by 3 x 300 watt solar modules, providing continuous power for the building as well as emergency back-up power to the property during utility outages.
Other Benefits:
If the grid is down, this system provides a site with backup power which can be used in emergency situations.
Maintenance Requirements:
Virtually none.
My Motivation:
1.) Having emergency backup power on the property when the grid is down 2.) Using green renewable energy rather than fossil fuel based utility energy
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