Typical Examples of Discounts & Tax Savings for Energy Efficiency Products & Services
| Type of System: |
Solar Hot Water |
|
Solar Electric (PV) |
|
Geo-Thermal |
| Size |
3-Panel |
|
6kW |
|
Avg. |
| Avg. Cost |
$9,500 |
|
$34,800 |
|
$40,000 |
| Member Discount |
10% |
|
10% |
|
4% |
| Cost after Discount |
$8,550 |
|
$31,320 |
|
$38,400 |
| Federal Incentive |
30% |
|
30% |
|
30% |
| Cost after Federal Incentive |
$5,985 |
|
$21,924 |
|
$26,880 |
| State Incentive (Max.) |
$2,000 |
|
$4,000 |
|
$5,000 |
| Cost after State Incentive |
$3,985 |
|
$17,924 |
|
$21,880 |
| County Incentive |
$1,500 |
|
$250 |
|
$250 |
| Cost after County Incentive |
$2,485 |
|
$17,674 |
|
$21,630 |
| PV Sale of SRECs |
|
|
$1,800 |
|
|
| Final Cost of Systems |
$2,485 |
|
$15,874 |
|
$21,630 |
| |
|
|
|
|
|
| Cost of Co-op Membership |
$130 |
|
$130 |
|
$130 |
| Member Discount |
$950 |
|
$3,480 |
|
$1,600 |
| Return on Membership |
$820 |
|
$3,350 |
|
$1,170 |
| Return on Membership |
631% |
|
2,577% |
|
900% |