Solar Power

pdmcali

pdmcali

New member
Wow that is cool

How many watts is that?
 
10kw should get him close to being enough.

My father n law just put in a big generator to run the whole house at once almost and his is a 17kw

I mean who says you have to run the whole house at once?? I guess he has the money so go for it!! HA

My Dad is just getting into trying a solar system at his house in KY.

I have been thinking about it here or maybe even wind power. I have the wind here where I am at.
 
I am having a new home built, and thought about installing Solar. I just could not justiy the ROI to make it happen for me. I am anxious to hear about the experience of the early adopters. I hope it is good.
 
We have a customer the is off the grid for 8 months now. They have two wind turbines and he has a solar set up that he hasn't put in service yet. Their back up is an LP generator. He says the generator has only run for a couple hours 3 times in the last 8 months. Makes me want to slap some panels on our roof and put a small turbine in our back yard.
 
Cost have went down greatly in the last few years. The total price installed is right at 30k. With the tax credit of 30% and 1k furnished by TVA the cost is netting down to 20k. The local power company has to buy your power for 10 year at a preimun of .12 over their price which is about .10 a kw so you received .22kw. If you use a average of 5 hours a day (you base it on 5 hours to compensate for the cloudy day when you will not generate as much power but you will still generate some). I will use 7.5 kw just to make the math figure easier.The math will figure like this:

7.5 x .22 = 1.65 x 5 = 8.25 x 365 = 3011.25 Divided by 20k = 15% return that is for 10 years

7.5 x .10 = .75 x 5 = 3.25 x 365 = 1368.75 Divided by 20k = 6.84% return after 10 years

Our power bill average 200.00 a month but the way I look at it I have a power bill reguardless if I have solar or not. We not using the power from the panel for our ele needs we are using it to generate income.

The warrenty is for 25 years but I hear that soon they will be warrenty for 40 years. The biggest pain is filling out the paperwork and getting everything approved. Which in this area has to be approved by TVA and you Local power company. Also in this state you don't pay property tax on a solar system so it can't be added to you tax value of your property.
 
pdmcali said:
Cost have went down greatly in the last few years. The total price installed is right at 30k. With the tax credit of 30% and 1k furnished by TVA the cost is netting down to 20k. The local power company has to buy your power for 10 year at a preimun of .12 over their price which is about .10 a kw so you received .22kw. If you use a average of 5 hours a day (you base it on 5 hours to compensate for the cloudy day when you will not generate as much power but you will still generate some). I will use 7.5 kw just to make the math figure easier.The math will figure like this:

7.5 x .22 = 1.65 x 5 = 8.25 x 365 = 3011.25 Divided by 20k = 15% return that is for 10 years

7.5 x .10 = .75 x 5 = 3.25 x 365 = 1368.75 Divided by 20k = 6.84% return after 10 years

Our power bill average 200.00 a month but the way I look at it I have a power bill reguardless if I have solar or not. We not using the power from the panel for our ele needs we are using it to generate income.

The warrenty is for 25 years but I hear that soon they will be warrenty for 40 years. The biggest pain is filling out the paperwork and getting everything approved. Which in this area has to be approved by TVA and you Local power company. Also in this state you don't pay property tax on a solar system so it can't be added to you tax value of your property.
Click to expand...

does the power company actually pay you money, or do they give you a credit on your bill ? I had a customer in NH tell me they would give him a credit. (ok i see it ggenerate income)
 
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That is very interesting.

Thanks for putting the numbers out...very interesting!!

Gives me some new ideas!! HA
 
So basicly a 7 year ROI.

$9k profit in the next 3 years, and $1368 per year after 10 years
 
As solar becomes more common we may all get some regular customers from it. It would be handy for anyone who finds info on how often the solar manufacturers recommend cleaning to post that in this thread.
 
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