Date post: | 15-Dec-2015 |
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The incentives add up
Solar Electric
Incentive Residential Commercial
Federal 30% 30%
DTE Install Credit $2.40/watt $2.40/watt
DTE ongoing payments $.11/kwh $.11/kwh
Also consider:• Accelerated equipment depreciation• Property taxes on equipment
Solar Electric
Incentive 5KW 10KW
30% Tax Credit $10,500 $21,000
DTE Install Credit $12,000 (34%) $24,000 (34%)
Out-of-pocket $12,500 $25,000
Installation Cost: $7/watt5kW: $35,00010kW: $70,000
Cash Flow 5KW 10KW
Ongoing DTE payments $630 / $12,527 (35%) $25,054
Energy Savings $575 $1,146
Payback (w/o financing) 10.4 10.4
Payback (w/financing) 2.9 2.9
ROI 35%
Solar Thermal
Incentive Residential Commercial
Federal 30% 30%
State of Michigan 25% (up to $2,500) N/A
Also consider:• Accelerated equipment depreciation• Property taxes on equipment
Solar Thermal
Incentive Residential Commercial
30% Tax Credit $1,950 $1,950
25% State Credit $1,625 N/A
Out-of-pocket $2,925 $4,550
2 Collector systemInstallation Cost: $6,500
Cash Flow
Energy Savings $258 $258
Payback 11.3 17.6
Installation cost and savings information obtained from Great Oak Cohousing