| Perfect for Solar - Why It's Affordable, Why It Makes Sense, Why YOU are Perfect for Solar |
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DO THE MATH. If you have $1000 to spend for about 7 years, you can afford solar-electric (and solar hot water and pool heating cost less!). Right now, if a system is priced by its manufacturers at $40,000, it doesn't cost you that. With Built Well Solar assigned the current LIPA rebate (meaning, you don't go out of pocket while you wait for the current $3.50 per watt), subtract that from your payment going in. ($40,000 - $3.50 X 5000 + $-$17,500 let's say for example). Then, at the back end, deduct your tax credits --- 30% federal (-$and 25% state
Minus your LIPA bill (paid with pretax dollars, now not)
Paid off, FREE ELECTRICITY AFTER THAT.
| Gross System Cost |
$36,610 |
| LIPA Rebate @ $3.50/watt |
-$17,500 |
| Federal Tax Credit @ 30% |
-$5,733 |
| NY State Tax Credit @ 25% (up to $5,000) |
-$4,778 |
| Net Cost |
$8,600 |
| Annual Production |
$1,287 |
| Annual Return on Investment |
18.6% |
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NEW HOMEOWNERS, INCLUDE IT IN YOUR MORTGAGE PAYMENT. This sounds like smoke and mirrors but it is fact. When you buy a new home, you usually budget into your mortgage certain necessary home improvements (e.g., a new roof, a new heating system), so why not a solar energy system? The fact is, solar energy ultimately pays for itself again and again. No other home improvement cuts or eliminates utility bills. Solar does.
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