How Can I Afford A Residential Solar Energy System?

Your off grid or grid tie solar system will generate substantial savings on your electric bill.  These savings can provide a variety of direct and future economic benefits. Some of the ways these economic benefits are measured include:

• Direct, immediate, and future savings on your electric bill creating improved cash flow

• Increase in home resale/appraisal value

• Current and future cash flow if financed

• Compound Annual Rate of Return (comparable to stocks, bonds, savings, etc.)

Options for financing

Apex Solar has teamed up with Clean Power Finance Inc. to give our customers a great way to finance their solar systems. Our financial experts will show you how they can make your solar system affordable.

Rebate Programs for Renewable Energy Electric-Generating Systems

Many States are offering cash rebates on eligible grid-connected renewable energy systems.

Through this program, the state provides funding to offset the cost of purchasing and installing new renewable energy systems using emerging renewable technologies.

Federal tax incentives for solar energy

This provision offers tax credits to individuals for residential solar energy systems.

• For solar hot water systems, the allowable tax credit is 30% of the qualified solar system expenditures up to a maximum tax credit limitation of $2,000.
   

• For solar photovoltaic (PV) systems, the allowable tax credit is 30% of the qualified PV system expenditures up to a maximum tax credit limitation of $2,000.

Solar Financial Analysis

Apex Solar will provide you with a detailed financial analysis. Our report will cover the following areas:

• Your current usage profile and economic assumptions included in your customized analysis
   

• A summary of your site conditions
  Opportunities to save energy
   

• A detailed description of how solar electric systems work
   

• Our recommendation of a solar system to fit your specific needs
   

• A cost analysis, including incentive programs, tax credits and other
  critical information leading to the economic bottom line

• A financial analysis of what the solar system will do for you
  economically, including how much:
  

  • the system will save on your electric bill

  • the system will increase your home's value
     

• If you finance, how much it will cost or save you on a monthly basis, both initially and over time
   
• As an investment, what its long-term Compound Annual Rate of Return will be (comparable to stocks, bonds, savings, etc.)
   
• An environmental analysis showing how much benefit you will create on top of the savings you will generate

Helpful Links

• Clean Power Finance
   

• DSIRE Data base for state rebates and incentives
   

• On Grid Solar and Andy Black's article “Pay Back and Other Financial Tests for Solar on your Home.”

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