I'm beginning to see that Massachusetts is a special place, with respect to Solar PV
First capital cost.. you can have PV installed for ~$4/watt here (not the $8 to $10 in the HP article). Next there are the rebates : 30% federal, 15% state tax credit up to $1000, Mass CEC install incentive of $0.40/watt up to 5 kW (or $0.80/watt up to 5 kW if your house assesment is less than the median for your county).. What this does is reduce capital costs, installed , to ~$2/ Watt
Next recurring cost: There is the credit from the electric company.. it 's a full credit , and includes all those other charges that Stihlhead mentioned.. in fact it's so good they divide it into three parts
Net Met Cr Other $0.09543 per kwh
Net Met Cr $0.03539 first 600 kwh
Net Met Cr $0.04018 next 600 kwh
That last one is to reflect the fact that if you used more than 600 kwh in a month, they would charge you a bit more.. so if you export more than 600 kwh / month they will pay you a bit more
Finally, there is the SREC market.. For each MWH you generate, you get a SREC credit you can sell, this is currently ~$240/ credit, and the right to sell credits is guaranteed for 10 years (and at my house each kW installed generates about 1.4 MWH/year)
The net effect is to bring payback period down to ~4 or 5 years.. after that it is all gravy.. My equipment is warrantied to 25 years, with panel degradation guaranteed at less than 10%/ decade.. I use enphase microinverters.. this allows me to monitor each panel separately.. and if one goes bad.. I know which one, and the rest keep on working.. On the whole.. the system will outlive me
So the hitch is the electric compay will be happy to credit you, but will never send you a check. What that means is that most people install to cover what they use (~6 MWH/year or, roughly, 5 kW). But PV finances are so good, it's worth the price even if the electric company does not pay you back ( it increases payback by a factor of two) .. What I'm trying to do here is find other places to use that electric company credit to offset costs that I would have to pay anyways ( heat for example) .. and so long as I'm doing it, I might as well use a heat pump to squeeze the most benefit from the credit