Pricing – January 2008
Sun Power solar power systems are custom-configured to each homeowner’s needs to maximize energy produced and monthly energy savings while minimizing the total system costs, monthly payment, and space requirements.

Return on Investment – Cash Flow
As costs for solar systems have come down over the years, the value of the electric output compared to the net up-front investment has been increased dramatically. However, since most customers pay for solar systems with home equity lines of credit or loans with no up-front cash outlay, the way to evaluate your investment is cash-flow: how do your savings on electricity compare to the cost of the system. If your electric bill is ~$100 per month or more, you can switch to making your own clean power and lock in the cost of your electricity, and increase the value of your home.

Financing
The best way to finance a PV system for your home is through a mortgage loan that includes a primary mortgage, second mortgage or home equity. Primary mortgages are great when you are carrying no mortgage or have paid off your mortgage. For the rest of us, home equity financing is the ideal choice. Home equity financing allows you to look at your investment on a cash-flow basis -- do the savings each month cover the monthly costs? The right system will help you cut your electric bill to almost nothing, and with the advantage of tax-deductable mortgage interest, the savings cover most of the monthly costs.
Specifications
Designing the right system starts with the output requirements, then involves a little art and a little science to strike the right balance between optimum generating capability and aesthetics. Sun Power designs your system to fit your budget and your space requirements, using the most efficient solar panels available, which means that your Sun Power System generates the most amount of electricity in the least amount of space. For example, a 4.0 kilowatt system - a common size - can be fit into less than 20' by 20' square, taking up only 345 square feet. Of course, the size of your Sun Power System will depend on the capacity and the specific recommended equipment, and the size is directly proportional to the output and efficiency.

Sharp Solar System 5376 Watt Capacity
(24 Solar Panel Array approx. 450 sq. feet)

Total Initial Investment $40,625
LIPA rebate at $3.50 per watt $18,816*
Net cost after rebate $21,809
NY State Tax Credit
(25% of net cost max. $5,000)		 $5,000**
Federal Tax Credit (30% of net, max $2K) $2,000
Net cost after tax credits $14,809
Estimated annual electric production
(6719 kwh x $0.21/kwh)		 $1,411***
Estimated increased value of property $28,200
Simple “TAX FREE” Return On Investment 9.53%

This return is enhanced if interest on funds borrowed is tax deductible, and results in owning the system for an after tax cost less than $50.00 per month. In by reducing the utility costs for your home, it will increase the value of your property when you sell your home.

* Rebate from UPA of $3,50/watt is a limited offer

**NY State Tax Credit can be carried over multiple years if needed.

***Estimated savings based on LIPA Clean Power Estimator.