How much does a MyGen system cost?”
Cost depends on the size of the system you buy and a number of other variables such as whether the city and state where you live has any form of financial incentives or rebate programs. Some states such as California have rebates that cover up to 50% of the cost of the system for a MyGen system (or any qualifying PV system) which is tied to the electrical grid. A very small system that would only handle a fraction of your electrical usage may cost only a few thousand dollars while a mid-sized system could cost between $18,000 and $25,000 — installation included — and before any rebates are deducted. A large system could cost $40,000 and more. Monthly payments: We are all used to paying each month for the electricity we use. A financed purchase of a MyGen system is the most convenient way to buy a system. For example, a $10,000 loan as part of a re-financed home mortgage at 9% over 20 years comes to $90 per month.
