Solar Power becomes very profitable

posted Wednesday, 20 May 2009

The solar Panels above make free Hotwater
Lets Assume the homeowner adds the option of a $4,300.00 solar hot water system to a new home.
A conventional hot water tank would cost between $300.00 or $600.00 per installation for new construction.
This means that a minimum of $4,000.00 is the upgrade option for solar water heating systems with an 80-gallon solar tank with an electric element for cloudy days.
The federal tax rebate or credit off taxes owed is 30% of the $4,300.00 solar option or $1,290.00. Assume a 3% down payment of $120.00 and interest rate of 6% over a thirty-year period.
The spreadsheet below in the 35% income tax bracket for the itemized deduction, the utility savings are based on current natural gas prices for 4 people, or electricity or LP gas for 3 people with a 2% increase per year. Below is the first five-year spreadsheet of a thirty year mortgage.

First Year Cash Flow

$1,290	Federal Tax Rebate
+ 385	Utility Savings
+ 80	Tax Deduction on loan
- 120	Down payment on Loan
- 279	Yearly Loan Payment
$1,354	Net Profit
+ 450	GRU Rebate - NOTE: The $450.00 rebate is available to builders
$1,704	Net Profit

UTILITY SAVINGS	TAX REBATE	ITEMIZED DEDUCTION	DOWN PAYMENT	LOAN PAYMENT	NET PROFIT
$385.00	$1,290.00	$81.02	$120.00	$279.12	$1356.90
$393.00	$0.00	$80.00	$00.00	$279.12	$193.88
$400.00	$0.00	$78.91	$00.00	$279.12	$199.79
$408.00	$0.00	$77.75	$00.00	$279.12	$206.63
$416.00	$0.00	$76.53	$00.00	$279.12	$213.41
$2002.00	$1290.00	$394.21	$120.00	$1395.60	$2,170.61

BEING ENVIRONMENTALLY RESPONSIBLE JUST BECAME VERY PROFITABLE

GRU CUSTOMERS GET $350 TO $450 IN GRANTS PER SOLAR SYSTEM

Keep in mind that the first year cash flow of $1,356.00 to someone in the 35% tax bracket is worth $2,078.00 in earned income.
This may be a bit confusing but for someone that does not have this $1,356.00 savings would have to earn $ 2,078.00 and pay Uncle Sam $722.00 in taxes to have $1,356.00 in disposable income.
The home equity value to a solar hot water system as of 2005 typically increases the resale value of the home by $4,000.00. All ECS Solar Energy Systems components are 100% warranted for a period of five years.

Solar Hot Water Bible: Do-It-Yourselfers & Contractors - Learn from the solar water heaters industry leader

Sick of your Cold Pool? Swim year round affordably Pro Solar pool heater installations

tags: yahoo environment hiliary clinton blo solar computer credits google hilliary clinton home owners gardening women announcements advertising home business grants bush mothers mothertaxation solar power woman builders tax rebate blog traffic men bloggin

links: digg this del.icio.us technorati reddit

Please leave a Comment

Chat Board

~ Cool Car ~

we loved going through the blog, you totally knocked it out of the ballpark! I have sent a link to my dad, and will surely be back for update.

~ MexNalelire ~

Various of guys talk about this topic but you wrote down some true words.

~ Xaviorr ~

how do i burn someone for calling my friend a slut?

~ systems_trading ~

I like this place very much. This is really a great web. And it is not like other money orienting place, the content here is super important. I am definitely bookmarking it as well as sharin it with my friends. :)

~ engepuple ~

~ imwiseman ~

We do not learn; and what we call learning is only a process of recollection. Quotation of Plato

~ wrigugher ~

This may be a bit off subject... Is anyone demanding back mis-sold PPI from their financial institution? If so how far have you gone? Did you get a response from the bank? I got rejected

~ Tania ~

Great movie and video info thanks

~ DkauVlal ~

Hi! gfrHsxlE

~ templerel ~

Very interesting article - Author Special Thanks

Hit Counter

RSS Add-Me

Solar Power becomes very profitable

BEING ENVIRONMENTALLY RESPONSIBLE JUST BECAME VERY PROFITABLE GRU CUSTOMERS GET $350 TO $450 IN GRANTS PER SOLAR SYSTEM

Chat Board

Most Popular

Monthly Archives

BEING ENVIRONMENTALLY RESPONSIBLE JUST BECAME VERY PROFITABLE

GRU CUSTOMERS GET $350 TO $450 IN GRANTS PER SOLAR SYSTEM