New Jersey 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 Jersey City with average monthly bill of $200
- Utility Provider: Public Service Electricity & Gas
- House size is approximately 3,000 square-ft
- Solar panel size is 6.21 kW
- Solar system provides 50% of electricity over the course of the year
- Estimated net cost of $21,424 after incentives and rebates.
- Out-of-pocket expense: $10,712
| Savings and Benefits | Amount |
|---|
| First Year Utility Savings | $1,201 | Average Monthly Utility Savings:
over 25-year expected life of system | $168 | Average Annual Utility Savings:
over 25-year expected life of system | $2,015 | | 25-year Utility Savings: | $50,375 |
*Please note that utility rebates fluctuate. Consult a Greener Dawn Solar expert for the most up-to-date info.
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