I am now just over a year since my solar was finally connected to the grid. I spent somewhere just over $10,000 after federal credits on my project. It is starting to look like a bad choice to go solar. One of my goals was to pay zero in electric costs with an array around 9,400 watts pointed only 20 degrees off of solar south and no shade. I still haven't hooked my Solaredge inverters to my network so I have no idea how much power I actually produced. My electric meter says I fed back 4128 KWh, but that doesn't account for electricity I used when solar was producing.
My total usage the year before solar was about 4,750 KWh at a cost of $744. I paid $416 in my first year of solar which includes a $6.58 grid access fee. Essentially I saved $328. That means I am on track for a 30+ year payback. I know rates might go up, but I will likely need to spend $2,000 or more for inverters over 30 years. My first two months I got money back, but I have paid in since then.
I am starting to think that spending $10,000 on solar was a bad choice. (Yes, I have verified the solar is actually working by looking at the inverters at least once a week.)
My total usage the year before solar was about 4,750 KWh at a cost of $744. I paid $416 in my first year of solar which includes a $6.58 grid access fee. Essentially I saved $328. That means I am on track for a 30+ year payback. I know rates might go up, but I will likely need to spend $2,000 or more for inverters over 30 years. My first two months I got money back, but I have paid in since then.
I am starting to think that spending $10,000 on solar was a bad choice. (Yes, I have verified the solar is actually working by looking at the inverters at least once a week.)
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