Mission Zero House
General Finances
Total restoration/renovation costs = $125,000 (over 5 years)*
*Original purchase of building and property was $224,000
State Historic Preservation Tax Credit Incentives = $19,000
Net cost after SHPO Tax Credit: $106800.
Total Cost of Project
$106,800
Cost per sq ft of conditioned space
$84.00
Value of Tax Credits for renewable energy systems
Net Cost of renewable energy systems
$15,560
Cost breakdown information:
Savings and Revenue
Annual Electric Savings
$2,800
Annual Revenue from SRECs or other RE credits
$935
Rebates and Financial Incentives
Other incentives
PV system design and installation cost(s) = $15,560 (after incentives)
PV 8.1kw Sunpower with Enphase Microinverters installed by The Solar Specialists November 2010
$56,000 total cost (approx. $7 installed watt)
[NOTE: Cost in summer 2015 is $3 per installed watt in Ann Arbor area for residential solar]
TOTAL Incentives = $40,440
-$15,000 for 30% Federal Tax Credit
-$19,440 for $2.40 utility company upfront credit -$6,000 for Sunpower marketing credit
FINAL OUT-OF-POCKET SOLAR COST = $15,560
General Finances
Total restoration/renovation costs = $125,000 (over 5 years)*
*Original purchase of building and property was $224,000
State Historic Preservation Tax Credit Incentives = $19,000
Net cost after SHPO Tax Credit: $106800.
| Total Cost of Project | $106,800 |
|---|---|
| Cost per sq ft of conditioned space | $84.00 |
| Value of Tax Credits for renewable energy systems | |
| Net Cost of renewable energy systems | $15,560 |
Cost breakdown information:
Savings and Revenue
| Annual Electric Savings | $2,800 |
|---|---|
| Annual Revenue from SRECs or other RE credits | $935 |
Rebates and Financial Incentives
| Other incentives |
PV system design and installation cost(s) = $15,560 (after incentives) |
|---|