Efficiency & LIPAHow Much Does a Typical PV System Cost
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Sample Cost for Average 5200 watt / 5.2 kW PV system: |
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| Installed Cost (assumes $7.40 per watt) | $38,480 |
| LIPA Rebate (at $3.50 per watt) | -18,200 |
| Cost after Rebate | $20,280 |
| Less 30% Federal Tax Credit | (6,084) |
| NY State Taxes Credit (Lower of 25% or $5,000) | (5,000) |
| Total Combined Tax Credits | -11,084 |
| Final Customer Investment | $9,196 |
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Estimated Annual $ Saved |
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| Annual Estimated Savings | $1,297 |
| - Based on output 6,620kWh annually at 0.196 cents / kWh rate | |
| Approximate Simple Payback | 7.09 years |
| Remember… your PV system will continue to save you money and give you clean, environmentally friendly electricity for many years after it is paid for! | |
