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.