Solar Calculator

 

Savings Example - Total Savings Over Life of Program

Solar PV system size5 kW
Solar PV system cost$30,500*
Federal tax credit, if applicable (up to 30%)$9,195*
Up-front REC payment upon installation$650**
Ongoing yearly REC payment for kWh generated over 16 years
(term of Agreement depends on project commissioning date)		  $1,822***
Estimated reduction in electricity costs over 16 years
(Net Metering Generation Savings)		$11,105****
Total estimated savings over 16 years$22,772
*assumes $6.13 per watt installed
**in the form of a check
***will appear as a credit on DTE Energy Electric Bill
****based on residential electric service rates and estimated generation of
     500kWh per month for 12 months
 		 

 

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