Quick Facts
Average Annual Savings
$1,130
Energy Needs Met
25% to 49%
of electricity
Net Investment
$17,193
Return on Investment
13.9%
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Avon, OH household installs a solar energy system to offset electricity bill and reduce carbon emissions.
Quick Facts
Average Annual Savings
$1,130
Energy Needs Met
25% to 49%
of electricity
Net Investment
$17,193
Return on Investment
13.9%
Property
- Owner:
- Lee Lorence
- Type:
- Residential
- Address:
- Avon, OH 44011
- Energy need met:
- 25% to 49% of electricity
Technology
- Type:
- Solar PV
- Installed:
- May 2015
- Size of System:
- 7.14 kW
- Purposes:
- To generate electricity
Financial Details
- Gross Cost of System:
- $24,562
- Value of Tax Credits:
- $7,369
- Net Cost of System:
- $17,193
- Annual Savings:
- $1,130
- Annual Revenue:
- $1,265
- Own or Lease:
- Cash Purchase
- Additional Financial Notes:
- $135 of the annual revenue ($1,265) is in the form of SREC credits. Lorence generated 9 SRECs at $15 apiece.
Professionals & Suppliers
What You Need to Know
Description:
The system has 28 Canadian Solar panels installed with an SMA Sunnyboy string inverter. The panels are 16% efficient while the inverter is 97% efficient.
Other Benefits:
Offsets around 5 tons of Co2 carbon emissions per year.
Maintenance Requirements:
The system does not require maintenance. If a problem does occur, YellowLite has engineers on staff to diagnose any problems and fix the issue quickly. We offer a 10-year craftsmanship and monitoring warranty for the systems that we sell.
Links:
Avon, OH Resident Proud To Go Solar
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