Does Installing a Photovoltaic System Make Sense for My Home?
Estimated Project Generation
Based on the average output of a typical photovoltaic system located in Atlanta area, a 3.15 kW system will generate about 5,500 kWh of electricity each year. This represents about one-third of the electrical energy usage of a typical home in Georgia. **
Estimated Project Savings
In this example, the 3.15 kW photovoltaic system generating about 5,500 kWh annually will offset electricity costs of about $500 per year, based on today's electricity rates.***
Estimated Project Cost
To provide 3,150 watts (3.15 kW) of power to a home, the estimated costs associated with purchasing and installing the system is approximately $9.00 per watt or $28,350:*
Project Cost Summary
| Photovoltaic system installed cost ($9.00/watt x 3,150 watts): |
$28,350.00 |
| Less photovoltaic rebate ($450/kW x 3.15 kW): | ($1,417.50) |
| Less Federal Tax Credit (30% of installed cost capped at $2,000)+: | ($2,000.00) |
| Net Project Cost: | $24,932.50 |
Note: The photovoltaic rebate program begins April 1, 2008. Cobb EMC reserves the right to modify or cancel the program at any time without prior notification. Rebate is limited to 10 kW per household.
**This is an estimated installed cost and is for illustrative purposes only. The actual installed cost of your photovoltaic system will vary and will depend on your specific structure, the angle, orientation and size of your system, the need for any additional supporting structures, the quality of your system components and the quality of the installation.
***This is an estimated amount of photovoltaic produced electricity and is for illustrative purposes only. The actual amount of electricity your photovoltaic system produces will vary and will depend on your specific geographic location, the angle, orientation and size of your system, natural variations in the weather and climate, the quality of your system components and the quality of the installation.
****This is an estimate of savings and is for illustrative purposes only. Your actual savings will vary and will depend on the amount of electricity actually produced by your photovoltaic system and the average cost per kWH normally charged by your co-operative for this amount of photovoltaic-generated electricity had it been supplied by the cooperative.
*****Member who receives a rebate will also receive a 1099 statement for the rebate from Cobb EMC at the end of the year.
*+Consult with your tax advisor about the applicability of receiving a Federal Tax Credit.