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Rebates, Incentives
& Cost
Verde
Pros in your local area can help you determine
the size and cost of a solar installation to fit your particular needs
with a visit to the installation site. The first step solar
customers should take is to determine if their site is feasible for a
solar installation. Verde Pros will also help
you obtain rebates and
incentives available in your location.
Actual costs may be significantly higher (20%
or more) than those listed below. There are several factors that
can influence the installed system cost, including your location, site feasibility, local weather patterns,
and
system design options.
Price estimates include all equipment and installation costs, but do
not take into account any rebates or tax incentives. Optimal system
size is based on
your production goals, electricity usage and your site's location,
building
orientation and
other characteristics.
Average residential solar PV prices by system size:
» 1
kW system X $10.00 per W = $10,000.00 * » 2
kW system X $9.00 per W = $18,000.00 * » 4
kW system X $8.50 per W = $34,000.00 * » 6
kW system X $8.00 per W = $48,000.00 * Commercial
Solar Electric Systems
Average commercial solar PV prices by system size:
» 10
kW system X $8.00 per W = $80,000.00 * » 20
kW system X $7.95 per W = $159,000.00 * » 50
kW system X $7.85 per W = $392,500.00 *
* - Average
purchase price before rebates
kW - kilowatt
W - watt
Rebates and tax incentives can vary
according to
several factors, and are available
from a range of sources including local, state and
federal government, as well as utility companies. Rebates on
solar PV systems range from 10% to 60% or more of the total system
cost. Visit the DSIRE
homepage for
information on
rebates and incentives available in your area.
Featured
Rebates
Austin
Energy Solar Rebate Program
Austin Energy offers customers one
of the highest solar rebates in the
country at $4.00 per watt ($4.50 for nonprofit organizations). This
rebate level will pay between 45-75% of the cost of installation of a
solar system.
Featured
Tax Incentives
Federal
Business Energy Tax Credit
30% federal business tax credit on commercial renewable energy system
purchase and installation.
Residential
Solar and Fuel Cell
Tax Credit
30% federal income tax credit up
to $2,000 for
photovoltaics and solar water heating; $500 per 0.5 kW for fuel cells.
Business Energy Tax Credit -
Federal Income Tax Credit for equipment placed in service from January
1, 2006 until December 31, 2007, the credit is 30% for solar, solar
hybrid lighting, and fuel cells, and 10% for microturbines and
geothermal.
Database of State
Incentives for Renewable Energy
The Database of State Incentives for
Renewable Energy (DSIRE) is a comprehensive, user-friendly and free
source of information on state, local, utility and selected federal
incentives that promote renewable energy. DSIRE provides you with a
list of renewable energy incentives available in any U.S. state you
choose. The incentives are divided into the following categories:
Financial Incentives including tax
incentives, grants, loans, rebates, industry recruitment, solar energy
equipment leasing and sales by utilities, and production incentives.
Rules, Regulations & Policies
including public benefits funds, renewables portfolio standards, net
metering, interconnection standards, extension analysis, generation
disclosure, contractor licensing, equipment certification, solar/wind
access laws, construction & design standards, requirements to offer
a green power product, and green power purchasing/aggregation policies.
