Quick Facts
Average Annual Savings
$2,200
Energy Needs Met
75% to 99%
of electricity
Energy Needs Met
75% to 99%
of hot water
Net Investment
$10,640
Return on Investment
41.4%
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A Health Economist at UCLA did the numbers himself, and decided with a minimum expected 10% annual return, it was time to install the system he had been thinking about for over a year. “Big mistake to wait," said Fred, "The price for electricity is definitely going up." The system covers only a small portion of his roof, and isn't visible from his yard. His average monthly bills were about $200/month, and are now a mere $1.88/month.
Quick Facts
Average Annual Savings
$2,200
Energy Needs Met
75% to 99%
of electricity
Energy Needs Met
75% to 99%
of hot water
Net Investment
$10,640
Return on Investment
41.4%
Property
- Owner:
- Fred Zimmerman
- Type:
- Residential
- Address:
- , CA
- Size:
- 1,800 sq ft
- Energy need met:
- 75% to 99% of electricity
- 75% to 99% of hot water
Technology
- Type:
- Solar PV
- Installed:
- February 2009
- Size of System:
- 4 kW
- Purposes:
- To generate electricity
- To heat hot water
Financial Details
- Gross Cost of System:
- $15,200
- Value of Tax Credits:
- $4,560
- Net Cost of System:
- $10,640
- Annual Savings:
- $2,200
- Annual Revenue:
- $2,200
- Own or Lease:
- Cash Purchase
Professionals & Suppliers
- Products:
- SunPower
- Installers:
- California Solar Electric of Ojai
What You Need to Know
Other Benefits:
hedge against inflationary electrical costs
Maintenance Requirements:
none
My Motivation:
savings and environment
Advice:
Move forward!
Experience with Installer:
Excellent
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