How much does a system cost, and how do I pay for it?
An average system costs about $20,000. Several companies offer a lease with no money down. You might pay $50/month, which is less than you would pay Pepco for the same amount of energy. Your net benefit might be probably be approximately $20/month. Alternatively, you can buy the system. If so, you will be eligible for the 30% Investment Tax Credit, which will offset $6,000 of the price, and further “Renewable Energy Credits” and other incentives might, over time, net you an additional $4,000. The net outlay of $10,000 would be recouped from the monthly savings in the energy bill. It would take 10 years or more to get your money back. Comparing these two options, most homeowners opt for the lease, or a hybrid lease where some of the cost is prepaid.

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1. Does it make sense to have PV panels on my roof?
2. What’s an average size of a system, and how much electricity might it produce?
3. How difficult was the installation process?
4. Are there any maintenance issues?
5. Will solar help me maintain power during an outage?
6. Sometimes a system will produce more power than a home needs; other times, less. How does PEPCO manage this, and how will I be billed?
7. How much does a system cost, and how do I pay for it?
8. What could change over time regarding these options?
9. So if I’m interested in getting a PV system, when should I get going on it?
10. What companies do you recommend for solar installations?
11. Are there any community discount programs that I could participate in?
12. Where can I get more information about solar energy?