I want to know how many people here have EV's and if it makes financial sense in their area. If you are in California and don't have solar with an EV, you are missing out in some areas. I bought a Chevy Bolt two years ago and I got so addicted to EV's I traded in my Ford Explorer and got a CPO 2013 Tesla Model S. My electric company has a great EV plan and I am trying to get all my friends to buy at least a used EV to get enrolled in the PGE EV plan. Typically you get grandfathered into this plans in California, and economically it makes so much sense when EV's will be increasing in sales in the future.
I think the only way an EV makes sense is if you have a TOU(time of use) plan and solar with net metering. I bought my Bolt on March 20 in 2017 and ironically my install date was March 20, 2018 for my solar. I have 10 months of data to back up my investment so far.
Before solar and EV's I was spending $4500 in electricity per year for a 3100 sqft house and over $4000 in gasoline driving 40,000 miles a year. This same usage now will cost somewhere around $250 per year after my $22,000 investment.
I think the only way an EV makes sense is if you have a TOU(time of use) plan and solar with net metering. I bought my Bolt on March 20 in 2017 and ironically my install date was March 20, 2018 for my solar. I have 10 months of data to back up my investment so far.
In 10 months I have produced 16,520 kWh of electricity and used 21,348 kWh. With the PG&E EV plan I owe $318, including the $10 per month to be hooked up to the grid, for those extra 4828 kWh I used. That is under $0.07 per extra kWh I have used. For 12 months I estimate my usage will about 25,600 kWh and my true-up will be under $400. In the future it will be closer to $200 because my system was clipping about 3 hours a day on average. I can get credits during the summer at $0.48 kWh feeding the grid and charging my car at night for $0.13 per kWh. Thank you PGE!
My solar investment was $22,000 for my 11.25 kW system after tax credit. Using 25,000 kWh is about $5000 a year with average California prices. However, with tiered pricing, you would pay much more than this without a special EV plan. This will be right around a 4 year payback for my system.
My solar investment was $22,000 for my 11.25 kW system after tax credit. Using 25,000 kWh is about $5000 a year with average California prices. However, with tiered pricing, you would pay much more than this without a special EV plan. This will be right around a 4 year payback for my system.
Before solar and EV's I was spending $4500 in electricity per year for a 3100 sqft house and over $4000 in gasoline driving 40,000 miles a year. This same usage now will cost somewhere around $250 per year after my $22,000 investment.
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