Hi there. Just wanted to introduce myself before I ask my questions on another forum.
I'm an engineer at Delmarva Power which is the local utility in the Mid Atlantic Region. We actually make up three utilitiies. Pepco, Delmarva, and Atlantic City Electric. In my work I occasionally deal with solar issues. For example, happenstance, I got an email from a customer earlier this week. He's had solar for three month now but his August bill makes no sense. I've looked it over and I suspect it's a billing problem, not an issue with his solar. But I'm still investigating and waiting to hear back from a billing expert.
Anyway, It occurred to me about a month ago that if someone wanted to add solar in Delaware, now's the time to do it. I've had multiple, multiple, multiple people, both in the company, previous contractors I've worked with, and others, say that I should look at paying between $3 and $3.30 a watt to putt solar on my roof. In the last 12 months I've used 5,500 kWhrs so using PV Watts I've calculated that I would need about a 4 to 4.5 kWhr array on my roof. Local rules will probably prevent me from putting up anything more than a 4.5 kW system.
My understanding is that the Feds will give me a 30% tax credit. In the state of DE they will rebate you $0.85 per watt of your system. So assuming I can get a 4 kW system for $3.15 a watt...
4 kW System Cost at $3.15/watt = $12,600
Federal Tax Credit = $3,780
Delaware Solar Grant = $3,400
Out of pocket costs after grant = $5,400
Estimated annual electricity savings = $900 a year.
Payoff - 6 years.
So I did the math and it makes sense. And now seems to be the time to do it. The tax credits expire in 2016 and I doubt they'll be renewed at the same level. The price of solar has dropped substantially in the last few years. They may get rushed next year. So I'm looking at my options.
If anyone had electric utility questions in the Mid-Atlantic, you can send me a message.
I'm an engineer at Delmarva Power which is the local utility in the Mid Atlantic Region. We actually make up three utilitiies. Pepco, Delmarva, and Atlantic City Electric. In my work I occasionally deal with solar issues. For example, happenstance, I got an email from a customer earlier this week. He's had solar for three month now but his August bill makes no sense. I've looked it over and I suspect it's a billing problem, not an issue with his solar. But I'm still investigating and waiting to hear back from a billing expert.
Anyway, It occurred to me about a month ago that if someone wanted to add solar in Delaware, now's the time to do it. I've had multiple, multiple, multiple people, both in the company, previous contractors I've worked with, and others, say that I should look at paying between $3 and $3.30 a watt to putt solar on my roof. In the last 12 months I've used 5,500 kWhrs so using PV Watts I've calculated that I would need about a 4 to 4.5 kWhr array on my roof. Local rules will probably prevent me from putting up anything more than a 4.5 kW system.
My understanding is that the Feds will give me a 30% tax credit. In the state of DE they will rebate you $0.85 per watt of your system. So assuming I can get a 4 kW system for $3.15 a watt...
4 kW System Cost at $3.15/watt = $12,600
Federal Tax Credit = $3,780
Delaware Solar Grant = $3,400
Out of pocket costs after grant = $5,400
Estimated annual electricity savings = $900 a year.
Payoff - 6 years.
So I did the math and it makes sense. And now seems to be the time to do it. The tax credits expire in 2016 and I doubt they'll be renewed at the same level. The price of solar has dropped substantially in the last few years. They may get rushed next year. So I'm looking at my options.
If anyone had electric utility questions in the Mid-Atlantic, you can send me a message.
Comment