Off the Grid

One Response to “Does anyone know the average cost to install a solar panel and wind power system?”

1. whsgreenmom Says:
   August 29th, 2010 at 5:43 am

   I can tell you how much my system cost. The total was $26K, but I got a $10K rebate from my utility and I’ll receive a $2K tax credit. Next year the fed. tax credit will increase to 30% of the total cost. I have a 3.75kwh system with 19 panels. I generate over 75% of my electricity in the summer and so far this winter I’m still at about 50%.

   Just to give you an idea of the savings, I should break even in my 6th year. The system is guaranteed for 25 years, so I’ll be getting at least 18 years of free energy. My highest bill in the summer was under $20 and I haven’t seen a bill above $35 since they were installed.

   Where you live, the direction your home faces and shade factors will determine how much energy you can generate. Getting 1-2 years of usage history will help determine what size system will work best for you. I suggest contacting a local licensed contractor and having them give you a free no obligation bid. That is the best way to see what is possible and the costs for your specific situation.

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