Cost and Savings

  

  • Your return on investment could be 10% or more.

  • State, Federal and LIPA monetary incentives can reduce installation costs by an average of 61%!

  • Oil price increases only increase your savings.

Some Sample PV Net Metering Systems and Costs
 

System 2460
  • 2,460 watts of solar PV modules
  • 1 high efficiency inverter
  
Typical cost, fully installed:
$22,750
  
LIPA rebate:*
-$ 8,610
  
State & Federal income tax credit:**
-$ 7,777
  
Net Cost:***
$ 6,363
  
Dollars Saved:
$743
 /year at $0.22/kwh electricity cost
Power Produced :
3,379
 kwh/year
Annual tax free return on investment:
11.7%
Carbon displaced lbs/year:
3,041
  
 
System 3075
  • 3,075 watts of solar PV modules
  • 1 high efficiency inverter
  
Cost, fully installed:
$26,950
  
LIPA rebate:*
-$10,762
  
State & Federal income tax credit:**
-$ 8,903
  
Net Cost:***
$7,285
  
Dollars Saved:
$866
/year at $0.22/kwh
Power Produced:
3,940
 kwh/year
Annual tax free return on investment:
11.9%
  
Carbon displaced lbs/year:
3,546
  
 
System 4920
  • 4,920 watts of solar PV modules
  • 1 high efficiency inverter
  
Cost, fully installed:
$40,750
  
LIPA rebate:*
-$17,220
  
State & Federal income tax credit:**
-$12,059
  
Net Cost:***
$11,471
  
Dollars Saved:
$1,390
/year at $0.22/kwh
Power Produced:
6,300
 kwh/year
Annual tax free return on investment:
12.1%
    
Carbon displaced lbs/year:
5,670
  

 

System 7380

  • 7,380 watts of solar PV modules
  • 2 high efficiency inverters
Cost, fully installed:
$59,750
  
LIPA rebate:*
-$25,830
  
State & Federal income tax credit:**
-$15,176
  
Net Cost:***
$18,744
  
Dollars Saved:
$2,080
 /year at $0.22/kwh
Power Produced:
9,450
 kwh/year
Annual tax free return on investment:
11.1%
  
Carbon displaced lbs/year:
8,505
  
 

System 9,840

  • 9,840 watts of solar PV modules
  • 2 high efficiency inverters
Cost, fully installed:
$77,950
  
LIPA rebate:*
-$34,400
  
State & Federal income tax credit:**
-$ 18,053
 
Net Cost:***
$25,497
  
Dollars Saved:
$2,770
 /year at $0.22/kwh
Power Produced:
12,600
 kwh/year
Annual tax free return on investment:
10.9%
  
Carbon displaced lbs/year:
11,340
  
     

System 12300

  • 12,300 watts of solar PV modules
  • 2 high efficiency inverters
Cost, fully installed:
$95,950
  
LIPA rebate:*
-$35,000
  
State & Federal income tax credit:**
-$ 23,285
  
Net Cost:***
$37,665
  
Dollars Saved:
$3,464
 /year at $0.22/kwh
Power Produced:
15,744
 kwh/year
Annual tax free return on investment:
9.2%
  
Carbon displaced lbs/year:
14,170
  
 

*This rebate level is for a limited time as per LIPA.

**The NY State and/or Federal income tax credits apply only if you are qualified and choose to apply for them.

***Net cost assumes all tax credits and rebates have been included.