10kW Solar PV System

SYSTEM SPECS:
(71) Suntech Power, Inc. STP170S-24/Ab-1 PV modules
71 x 170 watts = 12,070 watts
(2) Fronius IG 5100 inverters.

* Rated output is larger than actual output to account for system losses.

This system will require about 910 square feet of mounting area and is estimated to produce 17,734 kWh per year of usable electricity and translates to a savings of approximately $255 per month and $3,055 per year. Approximate total system cost is $9.00 per Watt.

$108,630 Total System Cost (includes parts, installation, warranty, tax)
$(38,020) State Tax Credit
$ 9,505 Federal Tax on State Tax Credit [25% Federal Tax Bracket]
$(32,589) Federal Tax Credit
$(32,044) Depreciation value accelerated to present (non-discounted)
_________

$ 15,482 Net System Cost with Tax Benefits—14.25% of $108,630

This is 14.25% of the cost!

The Total Lifecycle Payback is $119,093 in bill savings over 25 years compared to a system cost of $15,482. Payoff occurs at Year 8.3.