Spoonman
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- Jul 15, 2010
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- #21
no, those are Srec credits. you get 1 srec for every 1kw of energy you produce. I've been producing at least 12k per year. I can sell the excess back but they only pay me an off peak rate. I am on the grid so I do not have batteries. the way it works is in essence, when I produce energy, my meter runs in reverse.You are selling back energy for 30 cents per kwh? That's a good deal. How can they afford to do that?$58K including reinforcing the roof. 30% federal rebate, 10% state rebate. when we installed the system Srec's were trading between $500 - $600 ea. They had a down period for awhile but are back in the $300 range againWhat was the all inclusive cost of the system?I installed solar on my house about 3 years ago. It's something I had always wanted to do, had researched a lot and really ran the numbers. So after 3 years I have to say I'm even a bigger fan of it seeing the results. I installed a 10k system, which is the largest residential system you can recieve full credits for. My annual demand in an all electric house is about 7.5 KW a year. I've been producing on average about 12 KW a year. I added some more efficient fixtures and insulation. The goal was to be net zero, and ii've well surpassed that. the system will pay itself off during this year.
I just don't understand why solar doesn't get more support in the US. It's running strong in europe. There is no doubt it works and the technology is only getting better. Not to mention the fact that the USA is missing out on a huge growth manufacturing market. The chinese now own the panel production, the germans the technology and inverters. We are really missing the boat.
I have no more utilitiy bills. in fact i'm selling excess back to the grid.
What kind of batteries did you install? Do you only sell back when batteries are fully charged? Is that how it works?
Are the rebates like a tax credit? Can you get a rebate in excess of what you paid in taxes? If not can the remainder roll over to the next year's taxes?