Quick Facts
Average Annual Savings
$1,400
Net Investment
$21,672
Return on Investment
6.5%
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Quick Facts
Average Annual Savings
$1,400
Net Investment
$21,672
Return on Investment
6.5%
Property
- Type:
- Single-Family Residence
- Address:
- Auburn, CA
- Size:
- 3,000 sq ft
Technology
- Type:
- Solar PV
- Installed:
- November 2022
- Size of System:
- 12 kW
- Purposes:
- To generate electricity
Financial Details
- Gross Cost of System:
- $30,960
- Value of Tax Credits:
- $9,288
- Net Cost of System:
- $21,672
- Annual Savings:
- $1,400
- Own or Lease:
- Purchase with Loan
- Additional Financial Notes:
- I chose to finance 70% and float the 30% tax credit for a few months. Doing this means you don't pay financing fees or interest on the 30% of the loan you get back as a tax credit if you have a tax burden. I still chose a 0 fee option, but still benefit from paying less interest. As opposed to paying the introductory payment, I am paying as if it was standard P&I because I plan to pay myself back as opposed to applying the tax credit to the loan.
Professionals & Suppliers
- Installers:
- American Array Solar and Roofing
- Financing:
- Mosaic
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