Pricing Of Commercial Photovoltaic Systems
Pricing will vary based on the design choices available at your site. Factors such as building Car port structures will add to the overall cost of the project, but will also be eligible for the Federal Tax Credit of 30% (or grant in lieu of tax credit). With full tax credit, 100% depreciation, energy savings and SREC revenue, all help to provide a ROI of 20%+ per year. You can break even in 3-5 years, with savings and revenue exceeding typical loan payments in the first year (including tax credit).
Below is an example of savings and revenue for a 100KW system. Note that savings and revenue will proportionally increase as the system size increases. Contact us for a free site evaluation and custom system design that best fits your facility.
100 kW PV Example System Savings | |
---|---|
Cost Estimated starting point for simple roof mount |
$550,000 |
System Production | 110,000 kW h per year |
Savings Based on $0.17/kW h |
$18,700 / year |
SREC Revenue Based on SREC price of $600 per 1000 kW h |
$66,000 |
Federal Tax Credit | $165,000 |
Depreciation Value 5%-20% after FTC system cost |
$19,250-$77,000 |
100 kW PV Example System Revenue | |
---|---|
Cost | $550,000 |
Federal Tax Credit | -$165,000 |
Utility Savings 110,000 kW h * $0.17/kW h |
-$18,700 |
SREC Revenue 110 SRECs * $600 per SREC |
-$66,000 |
Depreciation Value 5% of system cost after FTC |
-$19,250 |
Return On Investment 51% in first 12 months |
$281,050 |
Savings + Revenue Next 10 Years Utility Savings + SREC Revenue |
$84,700 |
Payback Period Assuming current utility cost and SREC value |
4.32 years |