B&B Happy goats
Herd Master
Thank you, then when is the cost of the panels paid off? I would think it would be a major incentive to use it here in Florida.....I haven't actually calculated that out yet. I started a spreadsheet so I could see how much the bills WOULD be if I didn't have the panels but the dang electric company keeps adding new "fees" and jacking the rates and the "fees" change monthly making it really hard to have the spreadsheet do the calculations. Our electric rate is $0.18/kWh with a daily charge of $0.49 plus all the added fees.
The next bill would have been about $134 if I didn't have the solar. The last one would have been $155. I have to pay $66 on the coming bill but that is because I have no excess credits built up. My fault because I've been charging my Prime and didn't cancel the net metering sharing so some of my credits have been going to the other account. I used up all my credits with the last bill and owed $4, first time I've paid since Feb 2016. I should get back to not paying after this month (or not much next month) since I cancelled the net metering. I'm now using my "excess" in my car.
But, IF all my bills were $134 the payback would be about 12 years. And one thing is certain, the price to have power coming from the utility has only gone up and will continue to do so making the breakeven come in fewer years. I've had the panels for 4 full years so far. Note that mine are ground mounted on sched 80 metal pipe and can be adjusted seasonally increasing the net output by about 15% more efficient (but not as efficient as trackers, though those are much more expensive). As such the installation cost was higher than it would have been if the panels were on the roof ... which they would have been if we had any south facing roof!
The web site that stores the production data says I've saved 52,000 pounds of CO2 and "planted" the equivalent of 1,300 trees. I have NO idea what algorithms they use to calculate that but I suspect it is wrong in my case since my power company has mostly hydro (from Canada) plus solar and wind based power.