Report Finds Shorter Payback Periods on Home Solar in Ten U.S. States

One Block Off the Grid publishes report based on over 45,000 real solar estimates, brings increased transparency to cost of residential solar.

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San Francisco, CA (PRWEB) March 15, 2012

Solar provider One Block Off the Grid today announced publication of a report that finds residential solar payback periods of ten years or less in ten U.S. states, based on over 45,000 solar estimates generated in the year 2011.

The shortest solar payback periods were seen in Massachusetts (4.0 years) and Hawaii (5.4 years). The report also found average payback periods of ten years or less in New Jersey (6.5 years), Louisiana (6.6 years), Maryland (6.9 years), New York (8.2 years), Ohio (8.7 years), California (9.0 years), Delaware (9.4 years), Arizona (10.4 years) and District of Columbia (10.6 years).

“One trend we can see is that as electricity rates continue to climb in many states and more state governments introduce solar incentives, the solar payback period is dipping below the critical ten year mark,” said Dave Llorens, CEO of One Block Off the Grid.

“Homeowners in these states should definitely get a few quotes on a system,” added Llorens. “These are also the same states that tend to have zero-down options which is a popular option these days, because it lets homeowners buy just the low-cost solar power each month instead of buying a whole system.”

The states with the longest payback periods were Virginia (19.1 years), Idaho (19.1 years), Nebraska (19.2 years), Kansas (19.3 years), and Arkansas (19.7 years).

The report is based on the results of over 45,000 solar estimates generated by U.S. homeowners using the free solar estimate tool on One Block Off the Grid’s web site. It uses color coded U.S. maps to display homeowners’ average solar cost by state including average net cost, payback period, and projected savings.

Energy analytics for the solar estimate tool were supplied by Clean Power Research.

The solar cost report is located here:
http://1bog.org/blog/infographic-how-much-does-solar-cost

The free solar estimate tool is located here:
http://1bog.org/solar-estimate

About One Block Off the Grid
One Block Off the Grid makes it easy to understand and shop for solar energy. One Block Off the Grid offers choices so homeowners can get a free solar estimates however it's most convenient for them — either online at 1bog.org or by phone at 1-877-444-4002. Founded in 2008, One Block Off the Grid has helped thousands of homeowners go solar in over 40 U.S. states and continues its track record of offering deals that save homeowners time and money on home solar systems. In 2011, One Block Off the Grid sponsored the first-ever solar Groupon and received a Heart of Green Award for “Best New Innovation.”


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