Benefits
Cost Benefits
To understand how long it will take to realize the cost benefits of the system, we will calculate your total cost with the annual benefits
The total cost will depend on the size of the system and the equipment, minus the upfront incentives you will get from the county, state, and federal governments. The total cost of the system can be up to $30,000. The Annual Benefits will be the total savings from your monthly electric bill and any additional financial incentives depending on the utility provider. Depending on the size of your home and your consumption profile, this value can vary
Let’s take for example a system that costs $30,000 in Prince George’s County Maryland and a monthly electric bill of $150, the cost for a house roughly 3,000 sqft and a 4-person household.
- Gross cost of system = $30,000
- Upfront Incentives = $7,500
- Total Cost = $22,500
- Savings Per Year: $1,800
- Annual Incentives = $1,500
- Annual Benefits = $3,300
- Payback Period = 6.8 years.
Learn more about the incentives
Environmental Benefits
In US, about 65% of the total energy produced was from fossil fuels (coal, natural gas, and petroleum). The combustion of these gasses releases poisonous gasses including Carbon Dioxide, Carbon Monoxide, Sulfur Dioxide, Nitrogen Oxides, Particulate Matter, and heavy metals such as Mercure. These by products have great negative effects on the environment and human health including the release of greenhouse gasses contribute to global warming and rising sea levels and ground level ozone that irritates and damages the lungs and contributes to asthma and bronchitis., acid rain, ground-level ozone. Alternative sources may not be harmful in the same capacity, however still harmful, such as Nuclear that produces radioactive waste that could be emitted in low-levels.
Taking control of how we generate our electricity is the first step to reviving the damage we are doing to the planet. Harnessing the one source of electricity that is renewable and constant is the beginning. Using solar comes with the benefit that you will always be able to power your house and electronics even if there is a grid black out. Take a look at the system to see what you will be installing to sustain the future.