Case Study
Solar Panel Installation
Greg
Sonoma, CA
In the first year, he will see approximately $1,520 in savings which will only increase over time. In 25 years, Greg will see well over $80,000 dollars in savings, simply on his electric bill. Not only will the system save him money, but he will see a return on investment in 7 years!
With LG solar panels, Greg is covered by their outstanding manufacturer’s warranty, as well as Simply Solar’s workmanship warranty. In other words, he will have a reliable and industry-leading solar panel system for more than 25 years!
Type: PV Solar
Panel: LG N1C-A5 Neon2
System Size: 4.02 kW
Number of Panels: 12 Panels
Panel Rating: 335W
Completion Date: October 4, 2019
System Specifics
Cost
Summary
Tax Credit Savings: $5.6k
Net Cost: $13,147
Electrical
Production
6,163 kWh per year
This is the equivalent to
10,813 miles driven by an
average passenger vehicle!
Solar Installation Benefits
Incentives
Quick Payback Period
This ROI may even lower due to the anticipated electricity rate increases.
Increased Property Value
Savings
Summary
Environmental Impact
Over the lifetime of Greg’s solar system, he will have helped the environment greatly. His solar system will have an environmental impact equivalent to 4,280 trees planted, 140,063 miles driven, and 192 people’s trash! Greg is now saving money and the environment!