Solar-panel incentives lure customers
By Andy Vuong. The Denver Post / 31 Dec 2008
http://www.denverpost.com/ci_11339744
Ilan Caplan and his wife, Amy Berkowitz Caplan, had solar panels installed on their home in Lowry a year ago. (Kathryn Scott Osler, The Denver Post ). Ilan Caplan took the plunge last December and had 14 solar panels installed on the roof of his 2,900-square- foot home in Lowry. The 2.87-kilowatt photovoltaic system — enough to generate about 75 percent of his family’s power needs — cost about $9,000 after rebates from Xcel Energy. He also received a $2,000 tax credit from the federal government. Caplan has saved nearly $1,000 on utility bills and estimates that the cost of the system will be recovered in just more than seven years. “I wished we would’ve done it earlier,” said Caplan, a finance director for a wind-power company based in California. (more…)