Help me assess this proposal?

4.88kW system

Pre-incentive cost: $13,335

16 panels, 2 inverters

Fed. and state tax credits: -$4,467

State monthly payout program: -$3656 over 10 years

Effective cost: $5212

13k 10 year loan, 6%, $92.94/mo

So it would be about $60/mo with the state payouts being about $30/mo.

Seems like a great deal. Instead of paying a variable electric bill, I’d just be paying the loan for 10 years and getting free electricity and added house value forever.

submitted by /u/hey_listin
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