| Re: Who knows what about solar panels?
Glad you asked, I just today got my building permit for me to install Solar Electric panels on my roof. I also received a letter from my utility company that they put aside $9,856 for my rebate. My New York tax credit is $1,190 and my federal tax credit is $1,428.
The cost of the system excluding some electrical connections is $14,615.
It will actually cost me $2,142.
My yearly savings in electricity (where I live according to the engineer) will be $611.00 a year. $29,160 savings over the life of the system which is warranted for 25 years.
I am installing it my self. The company gives me a custom made aluminum frame for my roof. I sent them pictures of the roof and they have the sattelite picture. The panels just snap into the frame. If you have a larger roof you will generate more power and have a larger savings. New York does not get great sun or the savings would be greater also. The good part is on the hottest days it should cover most of the air conditioning costs.
Paul |