October 1, 2014
By the numbers: Paying for solar energy at a home or business

Photo:

Green Trends

By the numbers: Paying for solar energy at a home or business

How long does it take to break even?

Lilly Rockwell | 11/4/2013

RESIDENTIAL
Solar-powered water heater (2,900-sq.-ft. home in St. Petersburg)

COST
» Purchase price: $4,750
» Federal tax credit: ($1,425)
» Duke Energy residential solar water heating program: ($550)
» Net cost: $2,940

SAVINGS
» Average utility bill savings per month: $80
» Months to break even: 37

Note: The more people in your home using hot water, the quicker your return on investment. The best ROI comes from four-person residences.
Source: Solar Energy Management

 

RESIDENTIAL
Photovoltaic solar roof (2,100-sq.-ft. home in St. Petersburg)

COST
» Purchase price: $34,000
» SunSense rebate: ($20,000)
» Federal tax credit: ($4,200)
» Net cost: $9,800

SAVINGS
» Average utility bill savings per month: $157*
» Months to break even: 45.6 (3.8 years)*

*Savings take into consideration energy bill inflation
Source: Solar Energy Management

 

COMMERCIAL
Photovoltaic solar roof (380-room beach hotel)

COST
» Purchase price: $500,000
» SunSense rebate: ($130,000)
» Federal tax credit: ($111,000)
» Net cost: $259,000
» Depreciation: ($147,528)
» Cost after depreciation: $111,472

SAVINGS
» Average utility bill savings per month: $3,623
» Months to break even: 38.4 3.2 years)*

*Savings take into consideration energy bill inflation
Source: Solar Energy Management

Tags: Energy & Utilities, Environment, Housing/Construction, Real Estate, Technology/Innovation, Green Trends

Digital Access

DIRECT DIGITAL ACCESS
Add digital to your current subscription, purchase a single ditgital issue, or start a new subscription to Florida Trend.

TABLE OF CONTENTS
An overview of the features and articles in this month's issue of Florida Trend.

ACCESS THIS ISSUE »

Florida Business News

Florida Trend Video Pick

How to Do Florida State Parks
How to Do Florida State Parks

From traditional outings to modern, high-tech adventures, there's something for everyone at Florida's State Parks.

Earlier Videos | Viewpoints@FloridaTrend

Ballot Box

Comic-book and gaming stores are expanding across Florida. The state's major comic & video game themed conventions continue to generate increased interest and revenue. What's your level of participation in the world of comics & gaming?

  • All in! I love gaming and/or comics! We're in a new Golden Age of entertainment!
  • I manage the occasional game or graphic novel, from time to time...
  • Does Candy Crush count?
  • Are you kidding? I don't have time for any of that stuff...

See Results

Ballot Box
Subscribe