Project Description:

This Solar Electric System provides over 125% of clean electricity. The first year’s earnings are estimated at $4,511.49 — as electricity rates rise and Green Tags/SREC go up in value, so do our customer’s yearly earnings. This shows a 17% internal rate of return (IRR).

PV System Investment

10.082 kW

NJCEP Rebate

$49,803.40

Tax Benefits

$2,000.00

First Year Electric Earnings

$1,777.25

Solar Renewable Energy Credit

$2,734.24

Increased Property Value (Equity)

$35,545.10

Breakeven Point

6 Years

Total Energy Savings (30 years)

$306,525.19

Fixed Cost Per kWh (30 years)

7 Cents

Avoided Co2 (30 years)

205 Tons

Fixed Avoided NOx (30 years)

1,314 lbs

Avoided SO2 (30 years)

2,100 lbs