Quote:
Originally Posted by oil pan 4
For a 60kwh grid tie only system hopefully they didn't pay much more than $80,000.
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The cheapest pricing I have seen in the NY area is from Renovus on community/ shared grid scale installations at $2.20/ kW installed. So the Ithaca group's 50kW system would have cost at least $110,000 and have a 15 year pay back at $0.12/ kWh if the electric company gives them the very generous situation of buying any instantaneous excess at the "meter runs backwards" price. If they only received the true spot price for their excess they would only get back around $0.04
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State and national rebates would give back an additional $60,000 of the installation price. And they might even qualify as a "grid scale" installation which unlocks a further $0.03/ kWh federal "feed in tariff" reimbursment.