Hi SF,
My lease cost is $81 a month and my average monthly electric bill pre solar panels 6 years ago was $230. Electricity costs have gone up over that time.
I received approximately $10,000 in city real estate rebates (over 5 years) and $5000 state income tax credits over 5-10 years ( depending upon how quickly the state tax credits were depleted )* and another $150 or so from Con Ed which I still receive yearly.
The system has added approximately $56,000 in value to my home and my real estate taxes do not reflect that increase in value with an agreement made by the City of New York. My real estate taxes do not reflect the increase in value of my home from the value added with the system. Never will.
Which brings me back to my point- I'm generating power that if used towards charging an electric or hybrid vehicle, my electricity costs would be zero.
* My wife pays state income taxes, I don't because I'm a retired NY City Civil Servant. So the state income tax credit has gone to her.
