Executive Summary

Electric Utility Savings: The purchase of electricity (kWh) from your utility is expected to be reduced 65%. Expect a savings of $552 in electric bills next year. Annual utility electric costs will be reduced from $856 to $304. These savings will grow as electric utility rates are expected to rise 5.00% a year.

Over 25 years, annual utility savings are expected to average $1,106, for a total utility savings of $27,662. After tax affects are applied, savings average $1,604 annually or $40,092 over the system life.

System Performance Summary

Solar Electric (PV) System: 3.328 kW DC (3.178 kW AC, 2.86 kW CEC) producing 3,461 kWh annually

Purchase Price & Net Cost

Gross Price: $20,158
Total of All Financial Incentives: ($20,501)
Total Purchase Incentives: ($10,124)
Net Purchase Cost: $10,034
Cash Gained over Life: $33,448
Customer Type: Residential

Financial Ratios

Customer`s Profitability Index: 2.4
Cashflow Payback: 6.2 years
Internal Rate of Return (IRR): 16.2%
Modified IRR (MIRR): 10.6%
Net Present Value (NPV): $14,046
Levelized Energy Cost (LEC): $0.12 per kWh

• • Property Value Appreciation: $21,025 (First-year utility savings x system life in years)
  • CO2 Saved over System Life: 71 tons. Equivalent to driving 142,000 auto miles
    

Finance: Cash

The Cost of Doing Nothing

Your Hedge Against Utility Inflation: Your investment in this project will protect you from utility rate inflation. The graph above represents the cost of utility bills over time. The red area represents the the utility bills you can expect if you do nothing. The green area represents the utility bills you can expect by making this investment.

Utility Cost by Month

Solar Electric (PV) System Summary 

Carbon Footprint

Your carbon footprint will be reduced.
Over the life of your system 71 tons of carbon dioxide (CO2) will be eliminated from your footprint.

71 Tons of CO2 is Equivalent to:

Planting 355 trees.

Reducing your driving by 142,000 auto miles.

Read full analysis in the file below
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