Cost & Savings Breakdown
Based on $150/month electric bill in New Castle
System Size
8.4 kW
Annual Production
10,504 kWh
Gross System Cost
$25,933
Federal Tax Credit (30%)
-$7,780
State Incentive
-$1,000
Net Cost
$17,153
Monthly Savings
$122
CO₂ Offset/yr
9,663 lbs
25-Year Savings Projection
Utility & Net Metering
Local UtilityDelmarva Power
Net Metering PolicyFull Retail
Compensation RateFull retail rate
Capacity Limit110% of annual consumption
Electricity Rate$0.139/kWh
Peak Sun Hours4.3 hrs/day
Available Incentives
30%
Federal ITC — Deduct 30% of your system cost from federal taxes. Available through 2032.
$1,000
Delaware State Incentive — Delaware offers a Solar Renewable Energy Credit (SREC) program.
Common Questions
How much does solar cost in New Castle?
Solar in New Castle, Delaware costs approximately $25,933 for a 8.4 kW system. After the 30% federal tax credit, your net cost is about $17,153.
What is the solar payback period in New Castle?
The estimated payback period for solar in New Castle is 11.7 years, based on a $150/month electric bill and local sun hours of 4.3 hrs/day.
Does Delmarva Power offer net metering?
Delmarva Power offers Full Retail net metering. Full retail rate.