Quick Facts
Average Annual Savings
$1,744
Energy Needs Met
50% to 74%
of electricity
Net Investment
$24,566
Return on Investment
19.4%
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Quick Facts
Average Annual Savings
$1,744
Energy Needs Met
50% to 74%
of electricity
Net Investment
$24,566
Return on Investment
19.4%
Property
- Type:
- Single-Family Residence
- Address:
- Lexington, MA 02420
- Energy need met:
- 50% to 74% of electricity
- Event Participation:
- NESEA Green Buildings Open House 2012 Host
- NESEA Green Buildings Open House 2013 Host
Technology
- Type:
- Solar PV
- Installed:
- January 2012
- Size of System:
- 8.46 kW
- Purposes:
- To generate electricity
Financial Details
- Gross Cost of System:
- $40,523
- Value of Rebates:
- $4,000
- Value of Tax Credits:
- $11,957
- Net Cost of System:
- $24,566
- Annual Savings:
- $1,744
- Annual Revenue:
- $3,025
- Own or Lease:
- Cash Purchase
- Additional Financial Notes:
- SREC & energy bill savings based on conservative estimated solar energy output
Professionals & Suppliers
What You Need to Know
Description:
36 panels of Canadian Solar 235 watt mono crystalline 36 Enphase 215M micro inverters
Other Benefits:
the micro inverters manage the shade panel by panel to keep output robust
Maintenance Requirements:
annual component and full system check, free service for 10 years
Efficiency or Sustainability Improvements:
upgrades to windows, appliances, light bulbs done year before solar project
My Motivation:
energy savings, income generations from SRECs, helping the environment
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