Pricing

Solar Photovoltaic (PV) — On-Site Custom Systems

The cost of a solar PV system on your home or building varies with many factors — orientation, shading, occupancy, size etc. Commercial and public buildings use even more widely varying amounts of power. In either case, a consultation with Convergence Energy is the best way to understand your costs.

With solar power, the upfront cost and the final cost are often quite different. That’s because there incentives available to reduce the total cost of the system. The federal government, for example, now offers a 30% tax credit for many solar systems. Some states and cities also have incentives in the range of 25% of system cost. As a rough guide, you can assume that a residence will need to initially spend about $20,000 per 1000 sq. ft. of space to generate enough electricity to offset typical usage. That means that a 3000 sq. ft. home would require a system costing approximately $60,000. But with incentives, a $60,000 system could end up costing only $27,000 in some locations. But, some homes cannot accommodate such a system or have other issues. Again, a site assessments is the best place to start.

System cost can also be lowered by reducing system size. There is no requirement to cover all of your electrical usage, and a smaller system means smaller costs all around.

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Solar Photovoltaic (PV) — Solar Farm

Convergence Energy has an innovative product in some markets, called Solar Farm. This product leverages the efficiency of optimal design siting and technology to reduce your total cost to create an attractive investment. Currently, a net investment of $79,000 can generate an 8% estimated rate of return.

Needs and circumstances vary, but Networked Solar provides attractive benefits for many consumers and businesses.

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Let the Sun make your monthly payments

Banks and lending institutions may loan you money to put in a solar system. The good news is that even for two people the equity value and savings will result in a net positive income for the length of the loan and that equity value has been proven to last over 30 to 40 years. Then the system will generate $300-$600 in non-taxable income each year.

Solar Energy…the Choice is Yours

The only choice is what you are going to be getting for your money – you will be incurring a monthly debt with no equity and higher payments with no savings or return, if you do not go solar.

The choice is not about spending money. The choice is only about what you actually “get” in return for a continuing monthly debt. You are spending money anyway – either you invest it for more home equity and savings, or you give it away for a service provided by your local utility.

For example, if you could either lease or buy a car, making equal payments for five years, which would you do? Pay to lease or pay to own? Then you can start keeping utility profits for your own nest egg.

EVERY DAY THE SUN RISES…and every day you could be saving money and enjoying the revitalizing power of sun heated water!