Solar Spring 2013. A well sighted solar array in eastern Washington of about 7.2kW will generate aproximately 9,720kWh per year. A Washington manufactured system entitles the owner to a $.54/kwh annual incentive payment with a $5,000 per year cap until 2020. That’s 7 years x $5,000 = $35,000. Not bad.
So what does Hire Electric charge for installing a fully Washington made, 7.2kW solar array using iTek solar modules, Blue Frog micro inverters and a top of the line racking system? About $42,500.
In year one of your investment you get a 30% federal tax CREDIT of $12,750. If you live in Walla Walla, Columbia or Franklin Counties you can also get a 20% cash incentive of $8,500. You’re also offsetting $970 of your electric bill (money you don’t have to pay to the power company). As you can see from doing a little quick math – this is a no-brainer. Total payback is 3 to 5 years depending on the sighting of the array, and close to a 10% modified internal rate of return. There’s also a 100% sales tax exemption that runs through June 2013. Yes, we are VERY busy.
The home in this photo has a westerly orientation and many beautiful trees in the yard and neighbor’s property. The actual production from this site is calculated at closer to 7,400kWh. Hire Electric does a detailed site analysis so that our production numbers are not guesses based on average system size but accurate, scientifically founded, monthly production projections using local weather and irradiance data; roof angle and orientation; and a shade report. This sets realistic expectations for our prospective customers and ensures a quality project from start to finish. If your solar installer is not providing a shade and site analysis as the basis of their design then you need to start questioning their design from start to finish. A well designed system is meant to be there making power for you for 25 years. Make sure it starts off on the right foot.
Our latest project in Walla Walla, WA has lots of solar curb appeal. This system incorporates 7.2kW of iTek, Washington Made solar panels and Washington manufactured Blue Frog APS micro inverters. As anyone in Washington should know by now, a fully WA manufactured system qualifies this homeowner for $.54 per kWh for all the power generated by this system. That’s about $4,700 per year until 2020! On top of this about half of their electric bill will be offset, they will receive a 30% federal tax credit, no sales tax (good ’till June 2013) and the Sustainable Living Center paid for 20% of the installation cost (good for residents of Walla Walla, Columbia and Franklin Counties). It all adds up to a 4 year payback on a system designed to make clean, reliable power for 30 to 50 years. The neighbors are slowing down, taking note and calling us up.