Executive Summary

Electric Utility Savings: The purchase of electricity (kWh) from your utility is expected to be reduced 32%. Expect a savings of $357 in electric bills next year.  Annual utility electric costs will be reduced from $1,334 to $977. These savings will grow as electric utility rates are expected to rise 5.00% a year.

Over 15 years, annual utility savings are expected to average $539, for a total utility savings of $8,089.

System Performance Summary
Solar Water  Heating System: 2,843 kWh annual production

Purchase Price & Net Cost

Gross Price: $6,200
Total Purchase Incentives: ($3,410)
Net Purchase Cost: $2,790
Cash Gained over Life: $5,059
Customer Type: Residential

Financial Ratios

Customer`s Profitability Index: 1.9
Cashflow Payback: 6.7 years
Internal Rate of Return (IRR): 14.4%
Modified IRR (MIRR): 10.9%
Net Present Value (NPV): $2,399
Levelized Energy Cost (LEC): $0.03 per kWh

• Property Value Appreciation: $5,625 (First-year utility savings x system life in years)
• CO2 Saved over System Life: 70 tons. Equivalent to driving 140,000 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 Water Heating System Summary

Carbon footprint

Your carbon footprint will be reduced.
Over the life of your system 70 tons of carbon dioxide (CO2) will be eliminated from your footprint.

70 Tons of CO2 is Equivalent to:

Planting 350 trees.

Reducing your driving by 140,000 auto miles.

Read full analysis in the file below
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