Maryland Solar Power Systems - Return on Investment Examples

MD Solar Payback

    System Size
    8,000 Watts
    Base System Price $34,820
    Federal Tax Credit $11,606  
    State Grant $1,000  
    County Property Tax Credit $0  
    Solar Renewable Energy Tax
    Credit
    $2,378  
    Energy Production $1236.56
    Net Investment After Year 1 $18,600  
    Annual Solar Savings $3,614  
    Full ROI in Years 5.14 Years

    System Size
    6,480 Watts
    Base System Price $17,820
    Federal Tax Credit $5,940  
    State Grant $1,000  
    County Property Tax Credit $0  
    Solar Renewable Energy Tax
    Credit
    $1,423  
    Energy Production $683.13  
    Net Investment After Year 1 $8,774  
    Annual Solar Savings $2,106  
    Full ROI in Years 4.11 Years