How Much Will A Solar System Cost?
Check out the chart below for an idea of how much you could save on solar.
$600/Month Electric Bill | $1,200/Month Electric Bill | |
System Cost | $112,400 | $212,000 |
26% Federal Tax Credit | $29,224 | $55,120 |
Depreciation (22%) | $21,513 | $40,577 |
National Grid Grant (food producers only) | $25,000 | $25,000 |
NYSERDA Grant | $22,500 | $45,000 |
System Cost After Incentives | $14,163 | $46,303 |
Payback Period | Less than 2 years | Less than 4 years |
Average ROI | 15.2% | 16.5% |