Massachusetts Solar PowerSolar should be a component of every homeowner's investment portfolio. The annualized rate of return for a solar investment is approximately 10-20%.
The following ROI calculations are based on these parameters, which closely resemble an average size home. The cash flow graph is based financing 50% of the solar panels at an APR of 6.5% over 30 years:- House located in Andover with average monthly bill of $200
- Utility Provider: National Grid
- House size is approximately 3,000 square-ft
- Solar panel size is 8.53 kW
- Solar system provides 75% of electricity over the course of the year
- Estimated net cost of $26,296 after incentives and rebates.
- Out-of-pocket expense: $13,148
| Savings and Benefits | Amount |
|---|
| First Year Utility Savings | $1,800 | Average Monthly Utility Savings:
over 25-year expected life of system | $252 | Average Annual Utility Savings:
over 25-year expected life of system | $3,021 | | 25-year Utility Savings: | $75,531 |
*Please note that utility rebates fluctuate. Consult a Greener Dawn Solar expert for the most up-to-date info.
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