Example 5kW (5000 Watt DC STC) Solar System Return on Investment in New Hampshire

What do all the numbers add up to for you? Let’s have a look:
Installing a typical 5kW solar system should start at about $20,000. That number may seem big, but it’s going to go down fast.

• Let’s start with the state solar power rebate. You’re getting $4,500 off up-front, for a new price of $15,500.

• Next let’s take off the federal solar tax credit. You get a whopping 30% off of your out of pocket costs (after the state solar rebate). Subtract $4,650, for a new price of $10,850.

• Finally we subtract your first year’s energy savings, which we estimate to be about $956. That brings your final cost after the first year to 9,894, a discount of 10,106 already!

• With a conservative estimate for the future rise of electricity prices, you can expect your new solar power system to pay for itself in about 6.5 years. After that you’ll start turning a profit, about $45,000 worth over the life of your system!

• In addition to all the extra money in your pocket every month, you also increased your home value by nearly $19,000.

• Just in case you forgot, you’re doing a whole bunch of good for the earth as well. It’s like planting  103 trees every year in fact. The fossil fuels you’re not burning for electricity is like planting all those trees every year that your solar power system is churning out all that clean power.