*Prices are shown after applying the 30% federal tax credit.
As of Apr 2024, the average cost of solar panels in Milford is $2.68 per watt making a typical 6000 watt (6 kW) solar system $11,254 after claiming the 30% federal solar tax credit now available.
This is lower than the average price of residential solar power systems across the United States which is currently $3.00 per watt.
The size of a solar panel system also plays a role in how much the installation will cost.
Larger solar installations will typically have a lower cost per watt, because the panels can be purchased at a ‘bulk price’. However, these larger solar systems will still have a higher total cost, because they are made up of more individual panels.
System size* | Avg cost per watt |
Avg system cost
(After tax credit) show before tax |
---|---|---|
4kW | $2.92 | $8,189 |
5kW | $2.81 | $9,823 |
6kW | $2.68 | $11,254 |
7kW | $2.65 | $12,997 |
8kW | $2.69 | $15,079 |
9kW | $2.60 | $16,367 |
10kW | $2.57 | $17,995 |
Best unit price
$320.00 ($0.96 per watt)
Best system price
Installed 5.0kW system
$12,721.85
($2.53 p/w)
LG335N1K-V5 overview
Rated power
335 watts
Efficiency
19.6
Number of Cells
60
Cell type
Monocrystalline/N-type
Manufactured
KR
Best unit price
$562.50 ($1.50 per watt)
Best system price
Installed 4.9kW system
$12,120.18
($2.49 p/w)
LG375A1C-V5 overview
Rated power
375 watts
Efficiency
21.7
Number of Cells
60
Cell type
Monocrystalline/N-type
Manufactured
KR
Best unit price
$430.00 ($1.15 per watt)
Best system price
Installed 4.9kW system
$12,919.30
($2.65 p/w)
LG375Q1C-V5 overview
Rated power
375 watts
Efficiency
21.7
Number of Cells
60
Cell type
Monocrystalline/N-type
Manufactured
KR
Best unit price
$473.34 ($1.30 per watt)
Best system price
Installed 5.1kW system
$13,231.07
($2.59 p/w)
LG365Q1K-V5 overview
Rated power
365 watts
Efficiency
21.1
Number of Cells
60
Cell type
Monocrystalline/N-type
Manufactured
KR
Best unit price
$432.00 ($1.20 per watt)
Best system price
Installed 5.0kW system
$13,276.66
($2.63 p/w)
LG360Q1K-V5 overview
Rated power
360 watts
Efficiency
20.8
Number of Cells
60
Cell type
Monocrystalline/N-type
Manufactured
US
Best unit price
$530.85 ($1.50 per watt)
Best system price
Installed 5.0kW system
$12,386.87
($2.49 p/w)
LG355Q1K-V5 overview
Rated power
355 watts
Efficiency
20.6
Number of Cells
60
Cell type
Monocrystalline/N-type
Manufactured
US
Best unit price
$495.00 ($1.38 per watt)
Best system price
Installed 5.0kW system
$13,091.06
($2.60 p/w)
LG360Q1C-V5 overview
Rated power
360 watts
Efficiency
20.8
Number of Cells
60
Cell type
Monocrystalline/N-type
Manufactured
US
Best unit price
$407.97 ($1.10 per watt)
Best system price
Installed 5.2kW system
$13,159.30
($2.54 p/w)
LG370Q1C-V5 overview
Rated power
370 watts
Efficiency
21.4
Number of Cells
60
Cell type
Monocrystalline/N-type
Manufactured
US
Best unit price
$323.39 ($0.97 per watt)
Best system price
Installed 5.0kW system
$12,691.01
($2.53 p/w)
LG335N1C-V5 overview
Rated power
335 watts
Efficiency
19.6
Number of Cells
60
Cell type
Monocrystalline/N-type
Manufactured
US
Best unit price
$338.19 ($0.99 per watt)
Best system price
Installed 5.1kW system
$0.00
($0.00 p/w)
LG340N1C-V5 overview
Rated power
340 watts
Efficiency
19.8
Number of Cells
60
Cell type
Monocrystalline/N-type
Manufactured
US
Best unit price
$600.00 ($1.83 per watt)
Best system price
Installed 4.9kW system
$12,808.41
($2.61 p/w)
SPR-E20-327-COM overview
Rated power
327 watts
Efficiency
20.4
Number of Cells
96
Cell type
Monocrystalline
Manufactured
US
Best unit price
$800.00 ($2.22 per watt)
Best system price
Installed 5.0kW system
$13,201.67
($2.62 p/w)
SPR-X22-360 overview
Rated power
360 watts
Efficiency
22.2
Number of Cells
96
Cell type
Monocrystalline
Manufactured
US
Best unit price
$620.00 ($1.90 per watt)
Best system price
Installed 4.9kW system
$13,703.10
($2.79 p/w)
SPR-E20-327-D-AC overview
Rated power
327 watts
Efficiency
20.4
Number of Cells
96
Cell type
Monocrystalline
Manufactured
US
Best unit price
$620.00 ($1.90 per watt)
Best system price
Installed 4.9kW system
$13,610.59
($2.77 p/w)
SPR-E20-327 overview
Rated power
327 watts
Efficiency
20.4
Number of Cells
96
Cell type
Monocrystalline
Manufactured
US
Best unit price
$181.00 ($0.60 per watt)
Best system price
Installed 5.1kW system
$11,003.04
($2.16 p/w)
CS6K-300MS overview
Rated power
300 watts
Efficiency
18.33
Number of Cells
60
Cell type
Monocrystalline
Manufactured
CA
Best unit price
$196.11 ($0.65 per watt)
Best system price
Installed 5.1kW system
$9,948.02
($1.95 p/w)
LR6-60-HPB-300M overview
Rated power
300 watts
Efficiency
18.1
Number of Cells
120
Cell type
Mono PERC
Manufactured
CN
Best unit price
$172.00 ($0.56 per watt)
Best system price
Installed 4.9kW system
$9,568.53
($1.96 p/w)
LR6-60-HPB-305M overview
Rated power
305 watts
Efficiency
18.4
Number of Cells
120
Cell type
Mono PERC
Manufactured
CN
Best unit price
$165.00 ($0.53 per watt)
Best system price
Installed 5.0kW system
$9,761.72
($1.97 p/w)
LR6-60-HPB-310M overview
Rated power
310 watts
Efficiency
18.7
Number of Cells
120
Cell type
Mono PERC
Manufactured
CN
Best unit price
$228.00 ($0.60 per watt)
Best system price
Installed 4.9kW system
$9,579.65
($1.94 p/w)
LR4-60HPH-380M overview
Rated power
380 watts
Efficiency
20.9
Number of Cells
120
Cell type
Mono PERC
Manufactured
CN
Best unit price
$234.00 ($0.60 per watt)
Best system price
Installed 5.1kW system
$10,126.74
($2.00 p/w)
LR6-72HBD-390M overview
Rated power
390 watts
Efficiency
19.4
Number of Cells
144
Cell type
Mono PERC
Manufactured
CN
4.85 195 Reviews
Donna Hooyen, 6 days ago
After contemplating for quite some time, I decided to add solar panels to my home. I spoke with friends that had solar, researched several different companies, and read hundreds of reviews. I ultimately went with Stellar Solar, and I am incredibly glad that I did. One personal friend also used Stellar Solar, and this helped me in my decision making process. Seeing how satisfied they were and seeing first hand the job Stellar did for them, made me very comfortable with my choice. My own personal experience has been better than I ever anticipated, even with the great reviews and a personal recommendation. From the start, Stellar was responsive without being pushy, informative, and supportive with any issues I encountered. Stellar helped me navigate the financing and assisted with getting everything worked out. In order to put on the solar panels, we had to re-roof our house. When an issue arose with the roofing company, and I could not achieve resolution with their management, Stellar stepped in and handled the problem swiftly. Since completing the job, we had questions about installing an electric vehicle charger, receiving conflicting information from the charger installation electrician. One call to Stellar, 2 months after our job was completed, and they were right there to help us get it straightened out.. As far as installation, as soon as the financing was in order, our installation was completed within 3 weeks, INCLUDING re-roofing the house. Another company I consulted with had said it would be a *minimum* of 6-8 months just to get the permits done. The crew that installed the panels were friendly, polite, very efficient, cleaned up very well after they were finished, and overall, did an amazing job. Based on my experience, and the experience of a friend who also used this company as well, I HIGHLY recommend Stellar Solar. Marc Cirelli was particularly helpful throughout the process!
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Donna Hooyen, 6 days ago
After contemplating for quite some time, I decided to add solar panels to my home. I spoke with friends that had solar, researched several different companies, and read hundreds of reviews. I ultimately went with Stellar Solar, and I am incredibly glad that I did. One personal friend also used Stellar Solar, and this helped me in my decision making process. Seeing how satisfied they were and seeing first hand the job Stellar did for them, made me very comfortable with my choice. My own personal experience has been better than I ever anticipated, even with the great reviews and a personal recommendation. From the start, Stellar was responsive without being pushy, informative, and supportive with any issues I encountered. Stellar helped me navigate the financing and assisted with getting everything worked out. In order to put on the solar panels, we had to re-roof our house. When an issue arose with the roofing company, and I could not achieve resolution with their management, Stellar stepped in and handled the problem swiftly. Since completing the job, we had questions about installing an electric vehicle charger, receiving conflicting information from the charger installation electrician. One call to Stellar, 2 months after our job was completed, and they were right there to help us get it straightened out.. As far as installation, as soon as the financing was in order, our installation was completed within 3 weeks, INCLUDING re-roofing the house. Another company I consulted with had said it would be a *minimum* of 6-8 months just to get the permits done. The crew that installed the panels were friendly, polite, very efficient, cleaned up very well after they were finished, and overall, did an amazing job. Based on my experience, and the experience of a friend who also used this company as well, I HIGHLY recommend Stellar Solar. Marc Cirelli was particularly helpful throughout the process!
4.50 1,883 Reviews
Luis Gonzalez , 1 day ago
Everything was done on time and clean. Everybody was kind and explained the installation process. Great experience
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Luis Gonzalez , 1 day ago
Everything was done on time and clean. Everybody was kind and explained the installation process. Great experience
4.42 22 Reviews
Anonymous, over 1 month
Midwest installed an 18.9 kw ground mounted system for us that was an especially challenging set of circumstances. Without going into all the details, let's just say they went above and beyond to do whatever it took to make this work, and stayed at their quoted amount even after a lot of challenges. Top notch organization!
Read more
Anonymous, over 1 month
Midwest installed an 18.9 kw ground mounted system for us that was an especially challenging set of circumstances. Without going into all the details, let's just say they went above and beyond to do whatever it took to make this work, and stayed at their quoted amount even after a lot of challenges. Top notch organization!
4.38 7 Reviews
Anonymous, over 1 month
Gary, the owner of Sunshine Solar and Wind was able to design a system that would meet our needs for an acceptable price. He did an impeccable installation of the system and connected it to our home via internet. On occasion, when there was a glitch with the power company, Gary solved the problem quickly. I will definitely chose Gary to do the expansion of the system or the install in our home in Colorado Springs!
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Anonymous, over 1 month
Gary, the owner of Sunshine Solar and Wind was able to design a system that would meet our needs for an acceptable price. He did an impeccable installation of the system and connected it to our home via internet. On occasion, when there was a glitch with the power company, Gary solved the problem quickly. I will definitely chose Gary to do the expansion of the system or the install in our home in Colorado Springs!
4.38 7 Reviews
Jerry Caviani, over 1 month
Mike Miller was great to work with and follow up support was excellent. We had one minor problem with DTE and Mike was there the next day to get things going.<br />
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Jerry Caviani, over 1 month
Mike Miller was great to work with and follow up support was excellent. We had one minor problem with DTE and Mike was there the next day to get things going.<br />
4.36 28 Reviews
Sheryl Judd, 1 week ago
First of all the "boots on the ground" workers, techs, and electricians were absolutely Great. But with that in mind, I have to say the people back in the office do not listen to these outstanding members of their company. It started in April 2023, when MSS sent out some photographers to survey the site. This proved to be useless. Next, in May, some electricians came out and evaluated exactly what was required for our project, an upgrade of an old system--this should have happened first, in April. They reported back to MSS's engineers. Then in June I made it clear that I wanted Lithium Iron Phosphate batteries, and I wanted Interconnection with Consumers Energy. They got the message about the batteries, but they dropped the ball about Interconnection. I did not know this until September (Yes, 3 months later!) when I asked my MSS contact person what was happening with Interconnection. So 3 months of time in trying to get interconnection approval with Consumers was lost. From September, 2023 until January 2024 MSS worked on getting interconnection approval. FINALLY, in January the workers arrived. The electricians who had been to the site that one time back in May advised the company that it would be a 4 day job, but MSS only allocated 2 days. Every time another work day was added, it took 2 weeks to schedule it. Also, the on-site electricians were not told by MSS that I wanted my 220 appliances added to the solar power panels, so that was missed until I said something about it. More delays. This took us through February and March. It is now April of 2024, and the project is completed. Bottom line is from April 2023 until April of 2024 it has been delay after delay, mostly because the MSS contact people and engineers did not listen to me or to the electricians who were on site. I also know that they should have sent people out to the site at least 2 more times. They not only mistakenly thought our home was in a different location, but they thought the distance from the solar array to the house was 170 feet, when it is actually 130 YARDS, something that the on-site electricians told MSS. This is just one example of how the company lost a lot of money because they did not listen to their on-site people. I Hope this helps improve how MSS does business because we definitely need more quality solar installation companies.
Read more
Sheryl Judd, 1 week ago
First of all the "boots on the ground" workers, techs, and electricians were absolutely Great. But with that in mind, I have to say the people back in the office do not listen to these outstanding members of their company. It started in April 2023, when MSS sent out some photographers to survey the site. This proved to be useless. Next, in May, some electricians came out and evaluated exactly what was required for our project, an upgrade of an old system--this should have happened first, in April. They reported back to MSS's engineers. Then in June I made it clear that I wanted Lithium Iron Phosphate batteries, and I wanted Interconnection with Consumers Energy. They got the message about the batteries, but they dropped the ball about Interconnection. I did not know this until September (Yes, 3 months later!) when I asked my MSS contact person what was happening with Interconnection. So 3 months of time in trying to get interconnection approval with Consumers was lost. From September, 2023 until January 2024 MSS worked on getting interconnection approval. FINALLY, in January the workers arrived. The electricians who had been to the site that one time back in May advised the company that it would be a 4 day job, but MSS only allocated 2 days. Every time another work day was added, it took 2 weeks to schedule it. Also, the on-site electricians were not told by MSS that I wanted my 220 appliances added to the solar power panels, so that was missed until I said something about it. More delays. This took us through February and March. It is now April of 2024, and the project is completed. Bottom line is from April 2023 until April of 2024 it has been delay after delay, mostly because the MSS contact people and engineers did not listen to me or to the electricians who were on site. I also know that they should have sent people out to the site at least 2 more times. They not only mistakenly thought our home was in a different location, but they thought the distance from the solar array to the house was 170 feet, when it is actually 130 YARDS, something that the on-site electricians told MSS. This is just one example of how the company lost a lot of money because they did not listen to their on-site people. I Hope this helps improve how MSS does business because we definitely need more quality solar installation companies.
Jeremy Tabor, over 1 month
<br />
4.14 8 Reviews
Anonymous, over 1 month
We were fortunate to find these folks early in our search for a residential solar array. The Michigan connection was certainly a plus. Allan, Devon, Aaron, Pam, Tyson, and Lynda have been a pleasure to work with. They have been punctual, returned our calls quickly, and answered our questions and concerns. Installation went smoothly even though it was in middle of some of the worst days of this last winter. We have and will continue to recommend Contractors Building Supply Inc. to our family and friends.
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Anonymous, over 1 month
We were fortunate to find these folks early in our search for a residential solar array. The Michigan connection was certainly a plus. Allan, Devon, Aaron, Pam, Tyson, and Lynda have been a pleasure to work with. They have been punctual, returned our calls quickly, and answered our questions and concerns. Installation went smoothly even though it was in middle of some of the worst days of this last winter. We have and will continue to recommend Contractors Building Supply Inc. to our family and friends.
4.11 42 Reviews
Anonymous, over 1 month
MECHANICAL ENERGY SYSTEMS and in particular, Donna Nepalitano and Chaley McDonnell are NOT TO BE TRUSTED. They only want to close the sale and take your money.<br /><br />CHARLEY IS ONLY IBNTERESTED IN CLOSING THE DEAL AND GETTING HIS COMMISSION. I have sent regular mail and certified letters to Donna Nepalitano to try and get this resolved. She assured me during the ONE pnone contact I have received from them over the past 18 months that they are very concerned about this and want to make sure their customers are very satisfied." crap<br /><br />During the initial sales pitch I pointed out several inconsistencies in the prospectus and financial numbers they quoted. They appeared to be quite surprised that anyone actually read their stuff. They promised to make good on money that is owed to me and GUARANTEED by Charley. 18 months later, no phone calls and no response.<br /><br />When their 'engineer' came out to insttall the panels on my roof, he wanted to place the solar panels between two large trees ????? It was ME who told them to place it back on the garage where the SUN COULD GET TO IT.<br /><br />There is no follow up once they get your money you will never hear from them again.<br /><br />I have talked to their installers who say that Charley will tell the customer anything without haveing any idea of what it takes to install some of their products. This is an on-going problem with them. Ask the installers.<br /><br />They just don't care.
Read more
Anonymous, over 1 month
MECHANICAL ENERGY SYSTEMS and in particular, Donna Nepalitano and Chaley McDonnell are NOT TO BE TRUSTED. They only want to close the sale and take your money.<br /><br />CHARLEY IS ONLY IBNTERESTED IN CLOSING THE DEAL AND GETTING HIS COMMISSION. I have sent regular mail and certified letters to Donna Nepalitano to try and get this resolved. She assured me during the ONE pnone contact I have received from them over the past 18 months that they are very concerned about this and want to make sure their customers are very satisfied." crap<br /><br />During the initial sales pitch I pointed out several inconsistencies in the prospectus and financial numbers they quoted. They appeared to be quite surprised that anyone actually read their stuff. They promised to make good on money that is owed to me and GUARANTEED by Charley. 18 months later, no phone calls and no response.<br /><br />When their 'engineer' came out to insttall the panels on my roof, he wanted to place the solar panels between two large trees ????? It was ME who told them to place it back on the garage where the SUN COULD GET TO IT.<br /><br />There is no follow up once they get your money you will never hear from them again.<br /><br />I have talked to their installers who say that Charley will tell the customer anything without haveing any idea of what it takes to install some of their products. This is an on-going problem with them. Ask the installers.<br /><br />They just don't care.
3.93 2 Reviews
Anonymous, over 1 month
We started our solar project in March of this year, and realized that one of the first steps would be to convince our Home Owners Association (HOA) that solar was a good idea for our neighborhood. They did not have any policy in place, so we introduced them to the project, with Harvest Energy presenting at one of the board meetings. <br /><br />There was interest from the HOA board, but they needed a little more time and background information, and of course they needed to come up with some language to craft their policy. Working with John Blattner of Harvest Energy, I had decided to use SunPower panels, based on their efficiency and aesthetic appeal. We chose the Signature Black X21 350 W panels with anti-reflective glass.<br /><br />As we wound through the regulations and governmental permit requirements, Harvest Energy kept me updated on the process. By August we had received all the necessary permissions and permits, and the HOA had put together a simple, yet comprehensive policy. Once we got the official go ahead from our HOA, the panels were installed and after a couple weeks and the final inspection by our electricity supplier, DTE, the system was energized we started generating electricity on October 2. Once we had all the permits, the installation went quickly and smoothly, only taking about 3 days.<br /><br />The process was long, but this is what you can expect when you start from zero. Ours was the first house in our neighborhood to put in solar energy generation, so it had to follow the process. I appreciate the legwork done by John Blattner of Harvest Energy, but also the work done by our HOA to come up with a reasonable policy in a relatively short time. They are all volunteers, so they were doing their work in the evenings and weekends to come up with a policy. Special thanks to our Architecture Enforcement Committee chair for creating the language for the policy.<br /><br />Now that we are producing, I am really satisfied with the overall result. The panels look great and are generating enough electricity over the past week to offset over 80% of our electricity demand. We sourced the project with an expectation of meeting 62% of our needs. Of course, it will change as the amount of sunlight changes, but so far I am really happy with the production.
Read more
Anonymous, over 1 month
We started our solar project in March of this year, and realized that one of the first steps would be to convince our Home Owners Association (HOA) that solar was a good idea for our neighborhood. They did not have any policy in place, so we introduced them to the project, with Harvest Energy presenting at one of the board meetings. <br /><br />There was interest from the HOA board, but they needed a little more time and background information, and of course they needed to come up with some language to craft their policy. Working with John Blattner of Harvest Energy, I had decided to use SunPower panels, based on their efficiency and aesthetic appeal. We chose the Signature Black X21 350 W panels with anti-reflective glass.<br /><br />As we wound through the regulations and governmental permit requirements, Harvest Energy kept me updated on the process. By August we had received all the necessary permissions and permits, and the HOA had put together a simple, yet comprehensive policy. Once we got the official go ahead from our HOA, the panels were installed and after a couple weeks and the final inspection by our electricity supplier, DTE, the system was energized we started generating electricity on October 2. Once we had all the permits, the installation went quickly and smoothly, only taking about 3 days.<br /><br />The process was long, but this is what you can expect when you start from zero. Ours was the first house in our neighborhood to put in solar energy generation, so it had to follow the process. I appreciate the legwork done by John Blattner of Harvest Energy, but also the work done by our HOA to come up with a reasonable policy in a relatively short time. They are all volunteers, so they were doing their work in the evenings and weekends to come up with a policy. Special thanks to our Architecture Enforcement Committee chair for creating the language for the policy.<br /><br />Now that we are producing, I am really satisfied with the overall result. The panels look great and are generating enough electricity over the past week to offset over 80% of our electricity demand. We sourced the project with an expectation of meeting 62% of our needs. Of course, it will change as the amount of sunlight changes, but so far I am really happy with the production.
Where there is no specific pricing information available for a brand then we have used state pricing data for that brand.
Solar panel manufacturer | Avg. cost per watt |
---|---|
Canadian Solar | $2.50 |
LG Solar | $2.98 |
SunPower | $3.13 |
Panasonic | $3.01 |
LONGi Solar | $2.41 |
The most important difference between buying solar panels and any other purchase is that solar panels last 25-30 years. This is a long, long time and you will need customer service over all that time. The reviews below of the two largest corporate solar installation companies indicate larger corporate solar companies are not delivering this support to their customers.
We recommend you find a small or mid-size, local, family-owned solar company. These companies tend to care more about you and your specific job. You don't want to be on hold to a corporation's call center for the next 25 years!
The cost of solar doesn't just include the equipment and installation costs - it’s also made up of permitting costs, inspection costs, and installer profit margins.
These different components are what make the price of solar fluctuate between installations. Some of the factors that affect solar power system installation costs for specific homes include:
Homes that use more electricity will need more solar panels to cover their energy needs.
Although solar panels do get cheaper on a per-watt basis, the overall cost of the system will increase as more panels are added.
But, the higher a home’s energy usage, the more solar panels can save the homeowners on their energy bills.
The price of solar panels can vary depending on the type of solar panels you choose.
There are two main types of solar panels for residential solar installations: monocrystalline and polycrystalline. Monocrystalline solar panels tend to be more efficient and more expensive than other solar panels. Polycrystalline panels have a lower efficiency rating and come at a lower price point.
The type of inverter you buy will also influence the cost of your solar system.
You may see some solar quotes with prices that seem too good to be true.
If you get quoted for a ridiculously cheap price, the installer might be using low-quality equipment or an unsustainable pricing model. You want to use a solar installer that is charging enough so that they can stay in business - as you’ll be relying on them for the next 25 years!
It’s important to make sure that your installer is giving you the best quality at the best price possible. This is why getting multiple solar quotes is so important.
The overall cost of solar can be influenced by the solar incentives available.
Across the U.S., homeowners can apply for the federal solar tax credit. The solar tax credit makes installing solar more cost-effective by providing homeowners with a tax credit equal to 30% of the cost of their installed solar panel system.
Local solar tax incentives and rebates can end up saving homeowners thousands on a solar installation, especially when they’re used with the federal solar tax credit.
See what solar incentives are available in your area by using our solar panel calculator.
The cost of installing residential solar panels in Milford varies with the brand of solar panels and inverters you choose, the installation company you choose to install them, the relative ease or difficulty of installing solar panels on your home, and of course the amount of solar panels you need. The amount of solar panels you need is, in turn, related to your energy usage.
The table below shows the data extracted from a real life quote delivered through the SolarReviews marketplace recently for a fairly typical home in Milford.
As you can see the payback period is relatively short and equates to a much better return on investment than he historical returns that have been available from investing in things like shares or property.
System information | Value |
---|---|
System Size (for 100% usage offset) | 12.33 kW |
Annual power generation | 16,137 kWh |
Pay-back time (assuming Cash purchase) | 8.9 Years |
Internal rate of return (IRR) on investment | 7.2% |
Gross cost | $29,040 |
Total Upfront Incentives and Rebates | -$8,551 |
Net Cost of System after rebated and incentives | $20,490 |
Total Cost of Utility Power Avoided over 25 years | $74,504 |