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Coming Soon to NJ - 12.35 kW Hanwha DUO-G5 + SolarEdge Inverter/Optimizers by GPE

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  • ButchDeal
    replied
    Originally posted by NJturtlePower View Post

    The current NJ SREC program pays between approx. $180-$220 per credit (1,000 kW) generated and is currently guaranteed for 10-years if the install is in place before 2019.

    14 X $180 (low SREC) = $2520 earned per year assuming historical credit pricing and ROI assumes utility rate increases (I'm not sure what value is used however).
    an SREC is created per 1MWh not 1,000kW (note the h)

    Leave a comment:


  • NJturtlePower
    replied
    Originally posted by SunEagle View Post
    I guess my math is not as good as yours or you believe what the installer gave you for the ROI in savings.

    Based on the yearly output of 14354kWh (or ~ 1200kWh / month) the cost per kWh from your POCO would have to be > 38 cents/ kWh to just pay for that monthly $460 payment.

    How do you figure a 6 year ROI?
    The current NJ SREC program pays between approx. $180-$220 per credit (1MWh) generated and is currently guaranteed for 10-years (used to be 15-years) if the install is in place before 2019.

    14 X $180 (low SREC) = $2520 earned per year assuming historical credit pricing and ROI assumes utility rate increases (I'm not sure what value is used however).
    Last edited by NJturtlePower; 05-29-2019, 02:19 PM.

    Leave a comment:


  • ButchDeal
    replied
    Originally posted by SunEagle View Post
    I guess my math is not as good as yours or you believe what the installer gave you for the ROI in savings.

    Based on the yearly output of 14354kWh (or ~ 1200kWh / month) the cost per kWh from your POCO would have to be > 38 cents/ kWh to just pay for that monthly $460 payment.

    How do you figure a 6 year ROI?
    NJ has a decent SREC market https://www.srectrade.com/srec_markets/new_jersey

    Leave a comment:


  • ButchDeal
    replied
    Originally posted by NJturtlePower View Post

    I'm not sure this is an option per the NJ SREC program or my utility JCP&L, but worth the inquiry...thanks!
    Yes it is. Some installers just continue to install the same equipment because that is what they know but the SolarEdge Revenue grade meters are supported in almost all states including NJ: http://njcleanenergy.com/renewable-e...projects-srecs

    Leave a comment:


  • NJturtlePower
    replied
    Originally posted by ButchDeal View Post
    I would personally request that they remove the external revenue grade meter and add an internal SolarEdge revenue grade meter as well as a consumption meter.
    The benefit is one single monitoring with revenue grade data, one less external box, one less external monitoring service, and cleaner install.
    I'm not sure this is an option per the NJ SREC program or my utility JCP&L, but worth the inquiry...thanks!

    Leave a comment:


  • SunEagle
    replied
    I guess my math is not as good as yours or you believe what the installer gave you for the ROI in savings.

    Based on the yearly output of 14354kWh (or ~ 1200kWh / month) the cost per kWh from your POCO would have to be > 38 cents/ kWh to just pay for that monthly $460 payment.

    How do you figure a 6 year ROI?

    Leave a comment:


  • ButchDeal
    replied
    I would personally request that they remove the external revenue grade meter and add an internal SolarEdge revenue grade meter as well as a consumption meter.
    The benefit is one single monitoring with revenue grade data, one less external box, one less external monitoring service, and cleaner install.

    Leave a comment:


  • Coming Soon to NJ - 12.35 kW Hanwha DUO-G5 + SolarEdge Inverter/Optimizers by GPE

    Greetings all, my name is Tony, a.k.a "NJTurtlePower" on this and many other forums, and I'm excited to share the details for our soon-to-be installed solar system here in Flemington, NJ.

    I've been lurking here for a few weeks/months during my initial solar research phase and now that our system design is finalized, financing is settled, and the utility interconnection plans are approved, it's time to share all the juicy details and how this all came to be.

    First, I would like tag a few forum members that I discovered browsing and searching the forums here that are from my area (NJ) and/or are related to our installer Green Power Energy. In some way or another I may have used your solar experiences, system advice or comments in my own planning, so thanks!

    Users: J.P.M. / jordgubbe / sunpoweredev / JSchnee21 / flowing / macaddict


    I guess you can say I've been interested in solar for many years now and even did my senior thesis on the subject during my undergrad at NJIT. Last year kinda got me thinking hard about solar again after the long awaited delivery of my Tesla Model 3, as well as the deadline and changes to the NJ SREC program. So, I started where many of us do, Google...which led me to EnergySage and eventually a few site visits/consultations with a handful of local vendors as well as Tesla Solar, and as they say, the rest is history.

    Over the course of my journey I dealt in detail with Tesla, Sun Run, Evoke Solar and Green Power Energy. As the title suggests, I settled with GPE in the end, but in one way or another tried to use all the quotes, system designs and Q&A sessions, etc. from all the vendors in some way or another in the decision making process. If anyone has any specific question about the OTHER vendors or their quotes feel free to reply, but for sake of time and boredom from reading my lengthy drawn out posts, I'll just keep my focus here on GPE and our soon-to-be-built system.

    As many others have already attested to, both here and on other mediums online, GPE has been top notch in all phases of this project to date. My initial and main contact at GPE has been Tim DeSevo, but I also dealt a bit with Sara Thorpe from the Design Team. Basically all my communications have been via EnergySage messages or direct email besides the site survey (Mark Taylor) which I prefer overall. Tim's responsiveness and patience (in all my endless questions/concerns) has been all I could ask for as he would literally respond within 2-5min of every exchange. GPE's partner roofer (we'll get into that later) is C. Costello Roofing out of Ventnor City, NJ and they have a very similar reputation as GPE, and so I'm told, the reason they have decided to partner up on projects as needed. Damien Correa has been my contact at Costello and has also been super helpful, honest and again very patient getting back to me on anything I asked of him and I'm very much looking forward to dealing with their end of the project hopefully in the next 2-3 weeks to get the ball rolling.

    Energy Usage Background/History:

    Utility Provider: JCP&L
    Pre-EV Annual Energy Usage: 9,385 kWh
    Current Utility Rate: $0.1440 per kWh
    September 2019 Current Annual Energy Usage: 14,205 kWh

    Solar Design, Details & Specs: Nameplate: 12.350 DC kW (STC)

    First Year System Output (Estimate): 14,354 kWh
    Lifetime System Output (Estimate): 273,850 kWh
    Solar Panels: 38 X Hanwha Q-CELLS Q.PEAK DUO-G5 325w Modules
    Optimizers: 38 X SolarEdge P400
    Panel Layout: 3 Arrays - 20 Panel (South) / 12 Panel (East) / 6 Panel (West) *See Attached/Below
    String Layout: 3 Strings of 13/13/12 *See Attached/Below
    Inverter: 1 X SolarEdge SE11400H-US
    Mounting/Flashing Hardware: IronRidge XR10 Rail / Quick Mount PV (QMLM/QMLM-2)

    SOLAR ONLY - System Cost & Financing: Total System Cost: $36,590

    Price Per Watt (Pre-Incentives): $2.96
    Financing Partner: Sungage Financial
    Financing Terms: 18-Month 0% APR for FTC Portion / 2.99% APR for 60-Months on Loan Balance
    Monthly Payment: $460.01
    Return on Investment (ROI) Estimate: Approx. 5 1/2-Years

    GPE Solar Layout EDIT.jpg

    GPE Solar String Layout ABC.jpg


    Roofing Project:
    So this was not a part of our original plan, but unfortunately a reality of our current situation. As the more recent owners of an early 1980's home (approx. 2,400 sq ft) we knew little about the history of the roof besides the current condition explained to us by GPE/Costello as well as the other guys who conducted physical site surveys. After a little further digging I was able to find a Sellers Disclosure document that listed the age of the re-roof (2nd layer) and by adding the time we have now owned the home puts it at approx. 21-years. The re-roof workmanship/install is also questionable at best, so to eliminate the concerns and to avoid potentially spending several thousand in extra labor to remove and reinstall the solar system a few years down the road; we are tackling this project head on with help from Costello Roofing. They will be installing a new 30-Year Tamko architectural shingle roof in preparation for the GPE solar system, all rolled into the existing Sungage Solar loan which is super convenient and affordable given the 30% Federal Tax Credit. Costello's roofing pricing was already highly competitive regardless of the FTC based on others who have looked at the roof due to the added expense of the near vertical "barn style" sections of our 2nd story.


    GPE System Timeline.jpg
    IMG_1359e.gif

    Well, that's the plan as it stands guys.... feel free to comment, question and critique. I'm interested to hear updates from recent GPE install owners and/or any last minute details to be on the lookout for with my install coming up soon as well. If I left out any pertinent details let me know, as I will be updating this thread as the project evolves.

    Thanks again all!
    Last edited by NJturtlePower; 04-01-2020, 10:14 AM.
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