Symbi Homes has completed its solar array design for Model ReModel 2022, which is expected to offset all electricity needs. Symbi Homes is working with local provider Ipsun Solar to specify and install their 6.8 kW system.
With the passage of the Inflation Reduction Act, the federal tax deduction for solar will soon be increasing from 26% to 30%. To purchase and install panels from Ipsun Solar, Symbi's cost is $22,383. After federal and state rebates and incentives, that cost is reduced to $14,668, a savings of $7,715.
In addition, Symbi homeowners will be eligible for annual payments through the State of Maryland Solar Renewable Energy Credit (SREC) Program. Based on solar production, SRECs fluctuate with the market, but Ipsun Solar estimates a payment of $565 per year for the 6.8 kW system.
so - round numbers - the customer will get approx 500.00 per yr.. the contractor cost approx 15000.00 plus oh & profit.. 19000.00 installed..
plus the cost of a new roof - because installing these on an existing or older roof is dumb and what happens when that roof needs replacement or leaks..
after 10 yrs the panel output is reduced by half.. 15 yrs basically less than 25% output plus old tech is obsolete - then there is the hazardous waste disposal fees..
so - customer collects 'hopefully' 5000.00 in 10 years after paying 20000.00 for the panels and another 22000.00 for the roof...
42000 - 5000 = 37000.00 in the hole...
yeah... sign me up... dummies..