System Case Study
The following case study demonstrates the potential savings currently available to customers with $200 electric bills in the Southern California Edison service area. Higher electric bills result in even better savings. Contact us for a detailed assessment of how much you can save! Solar Case Study: Current energy bill: $200/mo (SCE)
Current home energy use: 950 kWh/mo
| System Size: | 3.5 KW |
| System Price: | $32,000 |
| Less Rebates & Credits: | $9,453 |
| Net System Cost: | $22,547 |
Energy Bill Reduction: 62%
Average Rate of Return over life of system: ~ 14%.
Home Value Increase: ~ $18,000 – 24,000 in year one according to an Appraisal Institute study.
Net Savings: $35,300 if not financed;
$27,300 including financing costs. See Graph to the right for Annual Cash flows with financing.
Assumes: 7% 30 yr financing, 33% income tax rate, 5.5% utility rate escalation, average Los Angeles solar availability
Cumulative Net Savings (After Tax) With Financing
Module Warranty Period
