Rolling the cost of Solar into Green Mortgages
for New Home Buyers
How Much Does It Cost to Roll Solar into a Green Home Mortgage?
Rolling the cost of a solar system into a new home mortgage is an extremely affordable way for homeowners to go solar. Green Home Builders are now building homes that are very energy efficient. This means that a small to medium-sized solar system can usually offset a very large portion of the home energy bills.
Estimated Cost Breakdown for a 5-kW Solar Power Array
These prices are estimates and do not include local utility solar rebates.
|5-kW Solar System Price||$18,750|
|Home Builder Solar Rebate||-$1,250|
|Longhorn Solar Rebate||-$5,000|
|Net System Cost||$12,500|
|Federal 30% Tax Credit||-$3,750|
|Final System Cost||$8,750|
|Solar kWh Electricity/Year||$7,000|
|Average Price of Electricity||$0.10|
|Estimated Savings per Year||$700|
|Monthly Cost for Solar/30 yrs||$24*|
|Monthly Savings from Solar||$58|
|Extra Monthly Cashflow||$34|
* Does not include interest. This deal is based on Longhorn Solar’s solar rebate incentive of $1.00 per DC watt. Longhorn Solar changes their rebate from time to time and this price is subject to change without notice in the event that the solar rebate price changes.