Eclipse
  Solar
Specialists
Creating Ecologically Sound Solutions
to Reducing Energy Costs
Solar Incentives


Eclipse Solar Specialists can help you determine the size and cost of a solar installation to fit your particular needs, and help you obtain available rebates and incentives. The first step solar customers should take is to determine if their site is feasible for a solar installation.  We can also help you define the incentives for Commercial and Residential solar systems in Delaware, Maryland, Pennsylvania and New Jersey 

Before you start:  Do you have a good site for solar?  Evaluate your Site

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Below are examples of what your Residential or Commercial project could look like if you qualify for all of the incentives, rebates and tax credits available to Delaware customers.  Please note that these are only examples.  Your pricing and payback period would be less.



Database of State Incentives for Renewable Energy

The Database of State Incentives for Renewable Energy (DSIRE) is a comprehensive, user-friendly and free source of information on state, local, utility and selected federal incentives that promote renewable energy. DSIRE provides you with a list of renewable energy incentives available in any U.S. state you choose. The incentives are divided into the following categories:

Financial Incentives including tax incentives, grants, loans, rebates, industry recruitment, solar energy equipment leasing and sales by utilities, and production incentives.

Rules, Regulations & Policies including public benefits funds, renewables portfolio standards, net metering, interconnection standards, extension analysis, generation disclosure, contractor licensing, equipment certification, solar/wind access laws, construction & design standards, requirements to offer a green power product, and green power purchasing/aggregation policies.

Click here to visit the DSIRE homepage.


        


























Residential Solar Photovoltaic System
Payback For the State of Delaware


System Cost 7 kW System installed on a sloped roof at a cost of $7.80 per watt        $56,000
The system will generate approx 8,600 kWhrs per year
Requires about 600 square feet of roof area

Incentives Available
Delaware Green Energy Grant $28,000
(1) Federal Investment Tax Credit of 30% $16,800

(2) Building value appreciation   ???

System Cost Minus Incentives $11,200

Annual Paybacks
(3) Power cost reduction through net metering at    $1,204
14 cents per kWhr
(4) Solar Renewable Energy Credits     $1,892
22 cents per kWhr

Total Annual Paybacks $3,096

     Solar System Payback 3.6 Years

(1) Confirm with your accountant that you qualify for these incentives
(2) A residential building will typically increase in value by 10 times the
reduction in annual operating expenses for the building
(3) Most sources agree that electricity rates will increase at least 4% annually
(4) SREC's are expected to range between 17 and 20 cents per kWhr. Penalties for
utilities not meeting alternative energy guidelines could be as much as .25 per kWhr
























Commercial Solar Photovoltaic System
Payback For the State of Delaware

System Cost 60 kW System installed on a flat roof at a cost of $7.50 per watt $450,000
The system will generate approx 73,149 kWhrs per year
Requires about 10,000 square feet of roof area

Incentives Available
Delaware Green Energy Grant $225,000
(1) Federal Investment Tax Credit of 30% $135,000

(1) Five Year Accelerated Depreciation       $65,025
Assumes 34% tax bracket, Using a base
of 85% of cost or $191,250
(2) Building value appreciation $????

System Cost Minus Incentives $24,975

Annual Paybacks
(3) Power cost reduction through net metering at   $8,777
12 cents per kWhr
(4) Solar Renewable Energy Credits     $16,092
22 cents per kWhr

Total Annual Paybacks $24,869


Solar System Payback 1.0 Years

(1) Confirm with your accountant that you qualify for these incentives
(2) A commercial building will typically increase in value by 10 - 13 times the
reduction in operating expenses for the building
(3) Most sources agree that electricity rates will increase at least 4% annually
(4) SREC's are expected to range between 17 and 20 cents per kWhr. Penalties for
utilities not meeting alternative energy guidelines could be as much as .25 per kWhr




Eclipse Solar Specialists

1508 Beech St
Wilmington, DE 19805

(302) 658-1302