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Old 04-18-2010, 06:03 PM   #6
Lucy Goose
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Quote:
Originally Posted by Dr. Green View Post
Not only more reasonable, but better if you are doing a solar electric installation (which my store Sustain Ability www.sustainabilitynh.com does)

Solar electric (PV) installations on both PSNH and NHEC served homes are eligible for the 30% Federal Rebate (rebate off your taxes) and the State of NH (up to) $6,000 rebate, but NHEC will also buy your REC (Renewable Energy Credits) for 4.5 cents a kW.

Thus if you put in a 4 kW system (costing around $30,000), you will get a $9,000 rebate from the Federal Government, a $6,000 rebate from the State, and NHEC will pay you $.045 a kW for your credits (after a monthly "Monitoring Fee' of $11, or a net gain of around $8 a month. That might not sound like much, but over the lifetime of the system, that's $3,800+.

So cost = $30,000, Rebates = $18800, Cost to you, $11,200.

What you get for your $11,200 is (assuming the power company doesn't raise its rates over the next 40 years) around $33,000 worth of electricity (that you would have paid directly to then) And of course, rates have doubled over the last ~10 years. If rates just double cumulatively over lifetime of the system (40 years), Your $11,200 investment would save you $66,000 worth of electric bills. That's why ** If you have a good southern exposure ** solar electric is cheaper than buying your power from the power company.
This is exactly what we want to do. Can we make an appt with you to come out to the house? We will be closing on the home the end of the month.
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