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Benefits of Adding Solar
Benefits of Adding Solar
Solar power is clean, local energy—not sourced from distant, polluting coal or gas plants. Residential systems typically pay for themselves in about 13 years and can continue producing electricity for over 40. When paired with battery storage, solar can keep your home running even during grid outages—and when combined with an electric vehicle, you can power your drive with energy from your own roof.
What Does it Cost?
What Does it Cost?
In 2022, systems ranged in cost from $15,000 – $50,000 (before rebates and tax credit). Generally speaking, the smaller and more efficient your home, the smaller the system you’ll need. Here’s sample pricing for an average sized house with an average sized system:
Home size: 2,200 square feet
System size: 6.82 kW (22 panels)
Electricity offset: 120%
Total cost: $23,461
Federal tax credit: $7,038
Mountain Parks Electric rebate: $500
Cost after rebates + tax credit: $15,923
Estimated annual electricity bill savings: $1,200
Payback period: 13 years
If electricity rates go up, the payback period is shorter.
For businesses, the payback period is typically shorter.
Home Energy Storage
Home Energy Storage
Want to keep the lights on if the power goes out?
Congress passed a 30% tax credit for home battery back-up systems.
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