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Going solar- NOT
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Jan 14, 2024 23:39:02   #
JeffR Loc: Rehoboth Beach, Delaware
 
mikee wrote:
My wife and I decided not to as our property is very shaded, but I thought the energy companies HAD to, by law, buy back unused power. It's just that they can pay you less for it than if you bought a kilowatt hour, and it would be a credit towards future energy purchases. Also, the panels will add some value to the house, which has nothing to do with dollars earned from the power company.


No, at least not in Delaware. They have no requirement to buy your excess, but typically would as it would likely be cheaper than the power they generate or buy elsewhere, and they pay you in credits that expire each year. They can also decline to let you tap into the grid if their existing equipment doesn't support your request. For instance, if the nearest transformer to my house was already at capacity with other nearby solar installations, I would have to pay for an upgrade/replacement of the transformer before being granted permission to tie into the grid.

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Jan 15, 2024 08:14:39   #
rick Loc: Cape Cod, MA
 
My math seems to be a bit different than some here. I paid $42k for a new Sunpower 10kw system 8 years ago. Out of pocket ended up around $30k. My electric bill had been $300/mo. or $3600/yr. MA offers SRECs which clear me around $3k/yr for 10 years. MA also offers favorable term net metering. I overproduce in the summer months and bank it to offset the winter months. I have essentially 100% offset. My system had completely paid for itself in less than 5 years. I have not had an electric bill in 8 years. My Sunpower panels unlike others has a full coverage 20 year product warranty. They have been stellar with monitoring and upgrades since install. I am thousands ahead at the moment and simple math would suggest around a $70k lifetime upside. That doesn't take into consideration environmental upside. It has been and will continue to be a winner for me.

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