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calculating MWh to kWh to get how much $$ your system produced

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  • calculating MWh to kWh to get how much $$ your system produced

    Trying to caculate my investment and see where I stand with it. At the initial purchase, I estimated about 7.5 years for return.

    My system reports a total of 29.22 Mwh (Mega Watts Hour).

    1Mwh = 1000 kWh

    29.22 x 1000 = 29,220

    29,220 x $0.25/kWh = $7,305

    Sounds about right? This number doesn't even take into consideration of the peak price of $0.37/kWh.... so taking the # right down the middle, it's closer to $8700 worth of electricity produce.

    If the above numbers are true, my ROI is a little better than I originally calculated.

  • #2
    Are you self-employed?

    I operate a farm. Our solar power system is a part of our farm, so our solar system depreciates 1/7th of it's cost every year.
    4400w, Midnite Classic 150 charge-controller.

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    • #3
      Originally posted by organic farmer View Post
      Are you self-employed?

      I operate a farm. Our solar power system is a part of our farm, so our solar system depreciates 1/7th of it's cost every year.
      No I'm not self employed, what difference does that make?

      When you say depreciate, are you refering to energy production?

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      • #4
        Originally posted by dannieboiz View Post

        No I'm not self employed, what difference does that make?

        When you say depreciate, are you refering to energy production?
        Our solar power system is seen as a business expense. So the IRS requires that we must depreciate it's expense on our income tax filings. That depreciation lowers our taxable income every year. It is an accountant's method of recovering the expenses.

        4400w, Midnite Classic 150 charge-controller.

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        • #5
          Originally posted by organic farmer View Post

          Our solar power system is seen as a business expense. So the IRS requires that we must depreciate it's expense on our income tax filings. That depreciation lowers our taxable income every year. It is an accountant's method of recovering the expenses.

          I'll take anything Uncle Same is willing to give back.

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