Please help me assess this project

15 panels 330 watts per panel, micro inverters 4.95kw system expected to produce 5.693 kWh/year for my area.

Financed:

10 year loan

Interest rate 2.99%

18,438 before any credits or incentives

Would be installed early next year so 26% tax credit.

City has $.20 per watt rebate

State has SREC’s, marketplace for them is about $30 per 1 kWh produced, so about $170 per year produced there as well.

Current power cost is $.145/kWh

Before any rebates it’s 3.72/watt

After federal and local rebates: 2.55/watt

submitted by /u/Nitro2985
[link] [comments]15 panels 330 watts per panel, micro inverters 4.95kw system expected to produce 5.693 kWh/year for my area. Financed: 10 year loan Interest rate 2.99% 18,438 before any credits or incentives Would be installed early next year so 26% tax credit. City has $.20 per watt rebate State has SREC’s, marketplace for them is about $30 per 1 kWh produced, so about $170 per year produced there as well. ​ Current power cost is $.145/kWh ​ Before any rebates it’s 3.72/watt After federal and local rebates: 2.55/watt submitted by /u/Nitro2985 [link] [comments]Read More

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