jimnjana
Thinks s/he gets paid by the post
We are working with a PV company to install a 9.7 KW PV system on our home. Installation is contingent on qualifying for the Florida Power Light Rebate program of $2/KW. On our behalf, company will apply for us when the rebate program opens on Oct 16th at 8am. So we will see if we move forward next week. The FPL rebate opens and closes within minutes, so the contractor we are working with has hired a computer geek to quick load client applications as soon as the rebate window opens at 8am. Even without the rebate the financials seem to be compelling, but with the rebate the financials are almost a no brainer.
Breakdown for 9660 KW system
Gross PV Cost: $3.6/W $34,776
FPL Rebate $2/W -$19,320
Fed Inc Tax Credit 30% -$10,432
inc tax on rebate + $3,864
Discount on Pre Pay $.2/w - $1,932
Net Investment $6,956
Avg Annual Savings $2,100
Payback less than 3.5 years, Investment return about 23%
System will consist of Mage Powertec plus PV Panels, 2 SMA Inverters, and a Racking System designed to meet the 150mph wind rating required for our area.
I was surprised by the variability in estimates, another PV installer was at $5.8/W using essentially same PV panels but with microinverters. I considered solar roof tiles but price was about $6.5/W. The company with the lowest estimate was actually the only company that was strictly a solar company, the other two were either roofing or general contractors that entered into the solar pv market.
Anybody else considering solar? Anybody with solar have any suggestions for anything they wish they would have done differently with the install?
Breakdown for 9660 KW system
Gross PV Cost: $3.6/W $34,776
FPL Rebate $2/W -$19,320
Fed Inc Tax Credit 30% -$10,432
inc tax on rebate + $3,864
Discount on Pre Pay $.2/w - $1,932
Net Investment $6,956
Avg Annual Savings $2,100
Payback less than 3.5 years, Investment return about 23%
System will consist of Mage Powertec plus PV Panels, 2 SMA Inverters, and a Racking System designed to meet the 150mph wind rating required for our area.
I was surprised by the variability in estimates, another PV installer was at $5.8/W using essentially same PV panels but with microinverters. I considered solar roof tiles but price was about $6.5/W. The company with the lowest estimate was actually the only company that was strictly a solar company, the other two were either roofing or general contractors that entered into the solar pv market.
Anybody else considering solar? Anybody with solar have any suggestions for anything they wish they would have done differently with the install?