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Benefits of Adding Solar
Benefits of Adding Solar
Solar power is clean energy, produced locally. Not from a polluting coal or gas power plant hundreds of miles away. Residential solar pays for itself in ~13 years while the solar panels will continue producing for over 40 years. When paired with batteries, solar allows you to operate your home when the electric grid is down. When paired with an electric vehicle (EV), allows you to power your ride with your electricity.
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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