Victorian net zero renovation
General Finances
Gross Cost of Renewable Energy System
$120,000
Value of Tax Credits for renewable energy systems
$40,000
Net Cost of renewable energy systems
$80,000
Savings and Revenue
Annual Electric Savings
$1,500
Annual Revenue from SRECs or other RE credits
$1,400
Rebates and Financial Incentives
Federal incentives
1/3 for solar and geothermal systems
Utility incentives
surplus solar power purchased by utility for ~10 cents per kWhr
Solar Rewards (Renewable Energy Certificates) purchased for 8 cents / kWhr
Advice
Advice
Go for federal incentives and utility incentives!
General Finances
| Gross Cost of Renewable Energy System | $120,000 |
|---|---|
| Value of Tax Credits for renewable energy systems | $40,000 |
| Net Cost of renewable energy systems | $80,000 |
Savings and Revenue
| Annual Electric Savings | $1,500 |
|---|---|
| Annual Revenue from SRECs or other RE credits | $1,400 |
Rebates and Financial Incentives
| Federal incentives |
1/3 for solar and geothermal systems |
|---|---|
| Utility incentives |
surplus solar power purchased by utility for ~10 cents per kWhr |
Advice
| Advice |
Go for federal incentives and utility incentives! |
|---|