Nc Solar Calculator

Your current average monthly power bill Your current estimated monthly kwh usage is

$67.00 779

System Specifications System size required to eliminate power bill Cost per installed watt (feel free to change this) Usable hours of sunlight/day Number of Solar Panels Required Approx. roof sqft. required watts per solar panel

4.73 $10.00 5.4 23 310 210

Due up front $47,302 -$500.00 $46,802

Gross Cost TVA Production Incentive (Grid Tie) Out of pocket expense

Rebates and Incentives N. Carolina Renewable Energy Tax Credit (35% cap @ $10,500) Federal Tax Credit (30% no cap) TVA Production Incentive @ .15/kwh Net Cost after 1 year

-$10,500 -$14,191 -$1,402 $20,709

Financing Example Your monthly TVA credits paid to you for at least 10 years Your average monthly power bill savings over the first 20 years* If financed at 6% for 20 years, your estimated monthly payment

$116.86 $123.23 -$148.37

$91.72

Immediate net monthly savings *Assumes 6% annual electricity rate increase

Immediate Tax Exempt Property Value Increase

$44,127

40000 35000 30000 25000 20000 15000 10000 5000 0 -5000 -10000 -15000 -20000

Dollars

Years to Break Even w/o Financing:

Colu Colu Colu Colu Colu Colu Colu Colu Colu Colu Colu Colu Colu Colu Colu Colu Colu Colu Colu Colu mn mn mn mn mn mn mn I mn J mn mn mn mn mn mn mn mn mn mn mn mn C D E F G H K L M N O P Q R S T U V

Year

0 -5000 -10000 -15000 -20000 Colu Colu Colu Colu Colu Colu Colu Colu Colu Colu Colu Colu Colu Colu Colu Colu Colu Colu Colu Colu mn mn mn mn mn mn mn I mn J mn mn mn mn mn mn mn mn mn mn mn mn C D E F G H K L M N O P Q R S T U V

Year

Total monthly savings Monthly production incentive credit utility price/kwh monthly power bill savings annual savings total savings Year Years to Break Even Financing

183.86 116.86 8.60 $67 2206.33 2206.33 2009 1 -$18,503.00 20709.32 -$1,805.53 -$148.37

days/month watt translator days/sunlight hours dividers

30.50 779,069.77 4,730.24

<-----enter

electric rate 0.086

kW

sqft.

($16,556)

187.88

192.14

196.66

201.45

206.52

211.9

9.12 $71 2254.57 4460.89 2010 2 -$16,248.43 $18,903.79 -$1,805.53

9.66 $75 2305.7 6766.59 2011 3 -$13,942.73 $17,098.26 -$1,805.53

10.24 $80 2359.9 9126.49 2012 4 -$11,582.83 $15,292.72 -$1,805.53

10.86 $85 2417.36 11543.85 2013 5 -$9,165.47 $13,487.19 -$1,805.53

11.51 $90 2478.26 14022.11 2014 6 -$6,687.21 $11,681.66 -$1,805.53

12.20 $95 2542.81 16564.92 2015 7 -$4,144.40 $9,876.12 -$1,805.53

217.6

223.65

230.06

236.85

244.05

251.68

12.93 $101 2611.24 19176.17 2016 8 -$1,533.15 $8,070.59 -$1,805.53

13.71 $107 2683.78 21859.95 2017 9 $1,150.63 $6,265.06 -$1,805.53

14.53 $113 2760.67 24620.61 2018 10 $3,911.29 $4,459.52 -$1,805.53

15.40 $120 2842.17 27462.78 2019 11 $6,753.46 $2,653.99 -$1,805.53

16.33 $127 2928.56 30391.34 2020 12 $9,682.02 $848.46 -$1,805.53

17.30 $135 3020.13 33411.47 2021 13 $12,702.15 -$957.07 -$1,805.53

259.77

268.34

277.43

287.06

297.28

18.34 $143 3117.2 36528.67 2022 14 $15,819.35 -$2,762.61 -$1,805.53

19.44 $151 3220.09 39748.76 2023 15 $19,039.44 -$4,568.14 -$1,805.53

20.61 $161 3329.16 43077.92 2024 16 $22,368.60 -$6,373.67 -$1,805.53

21.85 $170 3444.77 46522.69 2025 17 $25,813.37 -$8,179.21 -$1,805.53

23.16 $180 3567.31 50090.01 2026 18 $29,380.68 -$9,984.74 -$1,805.53

308.1

319.58

24.55 $191 3697.21 53787.22 2027 19 $33,077.90 -$11,790.27 -$1,805.53

26.02 $203 3834.91 57622.13 2028 20 $36,912.80 -$13,595.81 -$1,805.53