Symbi Homes has completed its solar array design for Model ReModel 2022, which is expected to offset all electricity needs. Symbi Homes is working with local provider Ipsun Solar to specify and install their 6.8 kW system.
With the passage of the Inflation Reduction Act, the federal tax deduction for solar will soon be increasing from 26% to 30%. To purchase and install panels from Ipsun Solar, Symbi's cost is $22,383. After federal and state rebates and incentives, that cost is reduced to $14,668, a savings of $7,715.
In addition, Symbi homeowners will be eligible for annual payments through the State of Maryland Solar Renewable Energy Credit (SREC) Program. Based on solar production, SRECs fluctuate with the market, but Ipsun Solar estimates a payment of $565 per year for the 6.8 kW system.