After a PV module industry wide cost reduction, sourcing a lower cost mount system and dealers giving better pricing on all balance of system components, SBS has new numbers for potential Solar PV customers in MT that represent up to a 25% reduction in installed costs for PV systems!
If you couple the new lower prices with a $6000 Northwestern Energy PV grant, the 30% Federal Tax credit for renewable energy and the $500/$1000 (single/couple) State Tax credit, the costs are lower than every before.
And here in Montana, we can add to that a 10-year, 4% financing option (oac) from the MT DEQ revolving loan fund for renewable energy.
For a 2kw, 9 module system, total cost to the customer is in the $12,000.00 range.
After incentives this is roughly 3,200.00 out of pocket.
This on average powers about 25-40% of the average Montana home.
Here is an example of plausible breakdown for that $12,000 system
- $1000 (deposit to SBS to begin work)
-$6,000 (NWenergy PV grant)
=$5,000 – Financed w/ MT DEQ loan
Yes, that is correct, for at little at $51/month for a 10-year period, you can cover up to 40% of your energy bill. Awesome. Check out this PV for more information: SolarPVFinancing-Basics-final.
And, when you file your taxes at the end of the year on that system, you’ll still get the $1800 Federal credit and the $500/$1000 state credit back. You can keep these to use however you’d like, or put that money into your DEQ loan for early pay off (there is not penalty for early pay).
For a free solar site assessment, or to learn more, contact us at SBS today: firstname.lastname@example.org, www.sbslink.com, 406-541-8410.
To get a general estimate of your solar or other renewable energy needs, try our Solar Calculator here.