$2,500
$19,980
12.5%
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Lake side solar project using Silfab Solar panels and SolarEdge inverter
$2,500
$19,980
12.5%
Property
- Owner:
- Bryan J.
- Type:
- Residential
- Address:
- Onsted, MI 49265
- Size:
- 3,200 sq ft
Technology
- Type:
- Solar PV
- Installed:
- July 2020
- Size of System:
- 11.6 kW
- Purposes:
- To generate electricity
Financial Details
- Gross Cost of System:
- $27,000
- Value of Tax Credits:
- $7,020
- Net Cost of System:
- $19,980
- Annual Savings:
- $2,500
- Own or Lease:
- Purchase with Loan
- Additional Financial Notes:
- Dividend finance was flexible with terms. Our system payments will be very close to what our power bill has been $200-$250/mo. After 12 years (loan term) this home will have zero to very minimal power bills.
Professionals & Suppliers
- Installers:
- YellowLite
- Financing:
- Architects:
- Yellowlite
What You Need to Know
Description:
36 panels, placed on rooftop to gather maximum exposure.
Other Benefits:
The system makes our home more attractive to lake front buyers as compared to other homes on the lake with no solar setup.
Maintenance Requirements:
Little to none, sweeping snow in winter would aid in winter production.
Efficiency or Sustainability Improvements:
New roof shingles
My Motivation:
Knowing we needed new shingles, it was our goal to use the government solar incentive To offset some of that cost.
Advice:
Get multiple quotes. Ask for the best warranty equipment available.
Experience with Installer:
Our local installers were fantastic and it was all arranged by YellowLite.
Additional Notes:
Modernizing our lakefront home that was built in the 1990’s is our primary focus. We aim to increase to value of the home for resale when we retire.
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