A Solar company come by my home one day wanting to sell me a PV system. My electric bill runs under $200 dollars a month, so I never really considered installing solar. The solar company wanted to install 12 PV panels for approx. $18,000. With the 30% Federal tax credit and the Hawaii 35% State Tax credit, I would get 65% total credit so I would only have to pay approximately $7,500, but that depends on my taxes. After researching the cost of PV panels, and hardware, with a total cost of $6,500, I realized something was wrong with these numbers. Not only that, with the help of an electrician and my DIY skills I will still get the 65% tax credit, with my total out of pocket expense at around $2,500. If my Electric bill is around $200 a month, my one year estimated expense is $2,400. Over a 5 year period an estimated $12,000 dollars. I realized it was time to put my DIY skills to the test. I found a PV panel whole sale company, I will provide the link, ordered my parts, with their help and started my DIY project. This is the completed project.
Awesome information Peter! This information will surely help out a lot of people in Hawaii and on the mainland US. Keep blogging!
ReplyDeleteAloha,
Reggie N
Thanks... this is good fun.. aloha Peter
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