The incentives add up
Solar Electric IncentiveResidentialCommercial Federal30% DTE Install Credit$2.40/watt DTE ongoing payments$.11/kwh Also consider: Accelerated equipment depreciation Property taxes on equipment
Solar Electric Incentive5KW10KW 30% Tax Credit$10,500$21,000 DTE Install Credit$12,000 (34%)$24,000 (34%) Out-of-pocket$12,500$25,000 Installation Cost: $7/watt 5kW: $35,000 10kW: $70,000 Cash Flow5KW10KW Ongoing DTE payments$630 / $12,527 (35%)$25,054 Energy Savings$575$1,146 Payback (w/o financing)10.4 Payback (w/financing)2.9 ROI35%
Solar Thermal IncentiveResidentialCommercial Federal30% State of Michigan25% (up to $2,500)N/A Also consider: Accelerated equipment depreciation Property taxes on equipment
Solar Thermal IncentiveResidentialCommercial 30% Tax Credit$1,950 25% State Credit$1,625N/A Out-of-pocket$2,925$4,550 2 Collector system Installation Cost: $6,500 Cash Flow Energy Savings$258 Payback Installation cost and savings information obtained from Great Oak Cohousing
Contact Information: Joshua Brugeman – Rebuild Ypsilanti x 708