$720
$10,710
6.7%
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$720
$10,710
6.7%
Property
- Owner:
- Robert Postle
- Type:
- Residential
- Address:
- 6824 Bale Kenyon Road, Lewis Center, OH 43035
- Size:
- 1,656 sq ft
- Designations:
- Zero net energy
Technology
- Type:
- Solar PV
- Installed:
- September 2019
- Size of System:
- 4.96 kW
- Purposes:
- To generate electricity
Financial Details
- Gross Cost of System:
- $15,300
- Value of Tax Credits:
- $4,590
- Net Cost of System:
- $10,710
- Annual Savings:
- $720
- Own or Lease:
- Cash Purchase
Professionals & Suppliers
- Installers:
- YellowLite
What You Need to Know
Description:
16 roof mounted panels
Efficiency or Sustainability Improvements:
Have 1year old “net zero ready” residence. (super insulated and very tight structure)
Advice:
Several surprises I was not aware of up front. AEP (my utility) required signatures on two legal documents: (1) my net zero rate structure is not grandfather and can be modified or cancelled solely at the discretion of AEP, (2) I am legally responsible as a “generator” of electricity if someone were to be injured by a malfunction in my system. This second item potentially could raise my homeowners insurance rates or even cancel my insurance. Also the installation of a PV system raises the value of my residence and therefore a potential increase in my property taxes. Ohio law requires my county auditor to appraise my property at market value. If my insurance and property taxes increase, my break even point for the project will be pushed out until the return of Moses, JC or Mohammad, which ever is first. It’s easy to save energy but almost impossible to save $.
Experience with Installer:
Excellent
Additional Notes:
I was quoted good quality components and a fair price.
Open House Info:
Call to arrange an appointment, 740-417-0185
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