Want the best ROI in Washington? HURRY!

The Best Made Right Here

Our latest customer is an electrical engineer, pretty savvy guy. He did his homework before contacting Solar Epiphany and knew exactly what he wanted; A Made In WA Solar Energy System…and he wants it now. The reason? Time + Production = Payback. The clock is ticking on the WA Renewable Energy Production Incentive. You know, the one that PAYS YOU FOR ALL OF THE ELECTRICITY YOU PRODUCE FOR THE NEXT 9.6 YEARS. I know you know about this right? Because you have attended one of our FREE classes…right? :)

The catch is, if you don’t install in the next 6-8 months, you could miss a major boat…the payback boat. Here’s why:

There are four things that help payback the cost of going solar, and they have deadlines:

  • The 30% Federal Income Tax Credit Deadline: 2016
  • The WA Production Incentive Deadline: 6/2020
  • No WA Sales Tax Deadline 1: 6/2011, Deadline 2: 6/2013

The Federal Tax Credit is a great way to recoup 30% of your investment. The electrical savings on your bill are great too, but at todays rates they don’t add tremendously to the payback. The real whopper of an incentive is THE PRODUCTION INCENTIVE for Made in WA equipment!! Look Out. In most cases, it pays for at least 50% of the cost of the system over the next 1o years…oh excuse me…over 9.66 years. As time passes, we edge closer to the end of the production incentive.

What happens in 9.66 years when the WA Production Incentive expires? Instead of an annual check from the utility company helping to payback your investment,  you will only have the savings on your electric bill to count on.

The WA Production Incentive is not cheesy little loot either, consider a 3kW Made in Washington system that produces 3000kWh’s/year x $0.54/kWh production incentive= $1620/year, over 9.66 years = $15,650.00 knocked off of a system of~$25k…. before the 30% tax credit.

Compare that $1620/year to the $390/year you will be saving in electricity in 10 years. What if you waited until 2012 to install your system and in 2020, you still needed to recoup $3500 to break even? At $390/yr., that’s 8 years MORE of electrical savings to go. If you would have installed in 2010 or early 2011, before the Sales Tax Exemption begins to expire, you’d be paid back before the Production Incentive Expires, investment recouped, free electricity from there on out. You’d have a system that had completely paid for itself with still another 10 years of manufacturer warranty. Now thats smart.

Now, this is just an overview of solar payback. For a complete picture of how it can play out for you, please come by our new Solar Showroom at 6016 B California Ave. SW in West Seattle…see the Made In Washington PV System….RSVP for one of our free Solar For Home Owners classes…bring a friend.

  • Utility Bill SavingsUti

2 comments to Want the best ROI in Washington? HURRY!

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