Example 1: Residential System 25 Year Useful Life Cost Analysis for 6 kW System - approx. 9600 kwh/year (Revised 11/1/11)
Initial Cost of System$34,213
Less Federal Grant:(10,264)
Less PA State Grant (If qualified and available):( 6,038)
Net Cost after Rebates:$17,911
Plus Federal Income Tax on State Grant:$ 1,811
Adjusted Net System Cost:$19,723
Savings from solar power:$ 56,770
Value of Renewable Energy Credits: $ 47,537
Total Savings over 25 years:$ 84,584
Example 2: Commercial System 25 Year Useful Life Cost Analysis for a 200kW System - approx. 251,400 kWh/Year (Revised 11/1/11)
Initial Cost of System$850,935
Less Federal Grant:( 255,281)
Less PA State Grant (If qualified and available):( 52,500)
Less tax savings from Asset Depreciation:( 245,920)
Plus Federal Income Tax on State Grant: 17,850
Adjusted Net System Cost:$ 315,084
Utility savings from solar power:( 1,015,744)
Value of Renewable Energy Credits:(1,182,349)
Total Savings over 25 years:$ 2,198,092