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Cost PV Solar The financial investment for a PV solar system can range from a hundreds to tens of thousands for a system. There are a lot of factors that go into the price. If the owner has the background knowledge of electricity and engineering they might be able to create a system for relatively inexpensive price. If a homeowner were to contract out the entire system (equipment and installation) it cost upwards of $40,000. (Solar Power Rocks, 2009) Large PV Solar Array, Anchorage, AK The installation of solar cell array totaling 450 sqft would have the potential of cutting a average fuel bill in half. The cost of this system would be $40,500 (midrange estimate for equipment and installation). This cost would be offset by federal tax credits, increase in property value, energy savings (Solar Power Rocks, 2009). • Federal tax credit: 30% of total value of system • Est. increase in Property Value: $8,700 • Est. 25‐year Utility Savings: $18,253 • Est. greenhouse gas (CO2) saved over 25‐year system life: 82.0 tons Solar Thermal There are many different variables involved in equipment and installation at each site. This region can expect to spend at least $9,000 for equipment and installation. Prices can increase if an evacuated tube system is incorporated (Solar Power Rocks, 2009). Funding Renewable Grant Program Alaska Energy Authority (AEA) grant program that supports renewable energy systems and has appropriated $100 million in a general fund for the 2009 fiscal year. The amount granted varies and application details and deadlines are located on the website provided. (www.akenergyauthority.org/RE_Fund.html) Residential Renewable Energy Tax Credit Federal tax programs that supports up to 30% of an installed residential solar energy system. This tax credit is received by filling out IRS form 5695 (Residential Energy Efficient Property Credit). Additional info can be found at: www.dsireusa.org/incentives/incentive.cfm?Incentive_Code=US37F&re=1&ee=1 Link to IRS form 5695: (http://www.irs.gov/pub/irs‐pdf/f5695.pdf) Database for State Incentives for Energy and Incentives (DSIRE) This site gives a general overview of state and federal funding and financing opportunities currently available for geothermal energy. For more information follow the link: www.dsireusa.org/ Regulation & Authorities Ordinance Guidelines: Zoning Code Installing solar panels on your property or structure there are currently no zoning restrictions or solar access contingencies for adjoining properties.PDF Image | COMPREHENSIVE RENEWABLE ENERGY FEASIBILITY STUDY Sitka
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