We installed solar about 3 years ago. The ten 245 watt (24 volt 10 amp) panels, microinverters (which is standard now and it is actually difficult to find a commercial installer who will install an old style inverter), racks and wiring came in at $15,000 gross and $10,000 net after the 30% federal and much smaller state tax credits. The panels settle in at about an 80% efficiency which works out to just a hair over 2k peak generation. We have not paid an electric bill since the installation (save for the $4.85 per month we pay to be hooked into the grid).
We generate just about 1100k of surplus electricity back into the grid on a yearly basis which PG&E buys back from us. The down side is that they buy it back at wholesale which is 3.5 - 4 cents per KW meaning we make about $40/year from our setup.
The project sunroof calculator indicates that a 20 year lease would generate $14,000 in savings.
My back of the envelope calculations indicate that our array will generate about $9,000 in savings over the same time frame.
I know that they are basing their calculations on heavier electrical usage than ours (we have no children, started using compact fluorescents 25 years ago, have gas stove/water heater/furnace). We also hang our clothes to dry (though I confess to using the 25 year old 110 volt dryer for socks and undies). Our electric bill averaged about $35 a month making our yearly savings including the $40 buyback about $460/year. They are also factoring in a steady 3-5% rise in electricity rates which may be problematic in the near future of cheap natural gas.
or have worked out a pre-inverter tap to a few of your panels that sends 24 volt power into your own inverter/charger you are as SOL as any PG&E customer.
So while we are not going to pay it off in less than 20 years (I will be 79 when that happens), we do have a certain bit of satisfaction in reducing our carbon footprint. I also have a few real estate friends who have told me that solar arrays return 80+% of their cost in increased value to the house.