Savings and income from solar panels

Savings:

An optimally sized PV system can eliminate a large portion of your electric bill, and in addition, you will earn income from the sale of Renewable Energy Certificates.

Income PA : $3,480.00

(Pennsylvania, December 2009)

Each time a PV system produces 1000 kWh of electricity, an Alternative Energy Certificate (AEC) is awarded.

A 10 kWatt rated PV System generates 12 AEC annually.

Each AEC is worth $290 (Dec. 2009), bringing an annual income of $3,480 for the above system.

Income NJ : $10,160.00

(New Jersey, December 2009)

Each time a PV system produces 1000 kWh of electricity, an Alternative Energy Certificate (AEC) is awarded.

A 10 kWatt rated PV System generates 12 AEC annually.

Each SREs is worth $680 (Dec. 2009), bringing an annual income of $10,160 for the above system.