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Solar Incentives
Recent Federal and State incentives makes solar energy systems more affordable than ever. Comfortable with the procedure, Shockoe Solar can help guide you through the process.
Federal Incentives
The Federal stimulus package of 2008 included incentives to reimburse purchasers of solar energy systems – with no maximum limit. Time-frames and funds available are limited.
State Incentives
Virginia Governor Tim Kaine announced in October 2009 the release of $15 million in incentives for investment in renewable energy. Time-frames and availability are limited.
ROI (Return On Investment) Timeline
- Based on typical residential solar energy system of 5.5watts installed for $48k.
- Return on investment rate based on electricity rates rising at 8% per year.
Installation – Day 1
Contractor costs, initial investment.
State Credit – 3 months
Payback 30% (+/-) of system.
Federal Credit – 1 year
Payback 30% (+/-) off system.
Payoff – 5 to 10 years
Cost $0k
+ Free supplemental energy
Solar Services
Consulting - Shockoe Solar can do simple estimates or advanced feasibility studies for architects, businesses, contractors, or homeowners. We use our 20 years of construction and design experience to integrate our designs into new and existing structures. Our experience with LEED certification and "On-site Energy Production" can help maximize your LEED points per dollar. Our experience with historic homes in Richmond means that you can trust Shockoe to preserve the value of your structure.
System Design - Every building is unique. Based on our solid foundation and knowledge in construction, we create the most efficient and well integrated systems available.
Installation - We secure permits, procure materials, plan our installation using critical path schedules and utilize our network of vendors to streamline the process. Shockoe's staff personally installs every system with a goal of nothing less than excellence.
Shockoe Solar Tags
Financing
Shockoe Solar recommends CleanPower Finance as a source for dedicated solar energy system financing.
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