You mentioned the government rebate ends in December. Am I understanding correctly that this will be a one time tax write off that reduces the cost of the initial setup of the system?
Can you give or link to some more information regarding the rates these incentive programs offer? I'm guessing this depends heavily on the state the system will be installed in, so can you let us know what state you're in so I can do some research regarding this?
Thanks!
It has to be linked to the home system. The utility company will only pay a certain production amount. What amount that is EXACTLY? I don't know. The solar company said this was the largest system that can be used, or we'll get nothing..
You are correct about the government rebate except it doesn't reduce the cost of the system. They will reimburse 30% at tax time.
I found the utility company yearly incentive. It's $671 every year for 10 years. Plus the production incentive mentioned above on a monthly basis.
Could you provide a link to where you found the yearly incentive from the electric company, and let us know what state this system will be installed in?
Do you have any plans for moderating your power usage - basically, how do we know the power generated by the system won't just end up being used on your home's personal energy consumption?
It wasn't a link, it was part of the document that had information about the system. I'm located in Minnesota.
The 2nd question is kinda a toughie to answer in the sense it will probably confuse people.. but I will try to explain.
The system was designed to over-produce from what we consume on an average basis. But we can only over-produce so much. So, if we cut our usage dramatically, that will actually negate any benefits. Does that make any sense?
Somebody on here was talking about me using the power for mining.. I'm mining nothing. I don't have a miner capable of achieving anything.. haha