Solar Electricity
Been looking into getting solar electricity to see what it's all about. Here are the numbers provided by Hoku Scientific:
Cost of a 1.32kW System $ 15,700
Less 35% Hawaii Tax Credit
Capped at $5,000.00 ($ 5,000)
Less Federal Tax Credit
Capped at $2,000.00 ($ 2,000)
Adjusted System Cost $ 8,700
Estimated Yearly Energy Savings $ 630
So that means it would take 14 years to pay for the system. I talked with another vendor and they charge close to the same. The panels are way bigger than solar water heaters so you would need a decent size roof. It has to face south and not be blocked by anything. Another factor to remember is the life of your roof. You don't want to install it and then realize your roof needs to be redone.
Right now, the cost is a little too high. Hopefully the prices come down and they don't get rid of the federal and state tax credit. Without those, it would be a lot more expensive.
Cost of a 1.32kW System $ 15,700
Less 35% Hawaii Tax Credit
Capped at $5,000.00 ($ 5,000)
Less Federal Tax Credit
Capped at $2,000.00 ($ 2,000)
Adjusted System Cost $ 8,700
Estimated Yearly Energy Savings $ 630
So that means it would take 14 years to pay for the system. I talked with another vendor and they charge close to the same. The panels are way bigger than solar water heaters so you would need a decent size roof. It has to face south and not be blocked by anything. Another factor to remember is the life of your roof. You don't want to install it and then realize your roof needs to be redone.
Right now, the cost is a little too high. Hopefully the prices come down and they don't get rid of the federal and state tax credit. Without those, it would be a lot more expensive.
posted by Wayne's World at 4:18 PM
0 Comments:
Post a Comment
<< Home