$14.50 credit last month Guy just read it few minutes ago, and I estimate about a 21 buck credit this month. ( Solar produced 587kw/hrs.....we bought an additional 402 ) Hoping for a 300 buck end of the year check 2012 compared to $101 for 2011.
Gee Andy, with all that money coming back from the elec. co. you could pay for all your solar in about 100 years or so . Good for you. Maybe now, some people thinking of going a grid tie system will get a better idea of what it takes to almost make nothing from it.
How much do you get charged for electricity? How much do they pay you for electricity? Is there any difference between yours and theirs?
I get charged retail rate of 9 cents/kw/hr. That adjusts slightly up/down quarterly. They pay retail+12 cents for all my solar production....10 year contract. What it means is if you can produce a bit over half your use, you have a zero bill. More than that, a credit. Any credit at the end of the year results in a refund check. Nadja: Well, no electric bill + 300 end of the year means about a 1500-1800 buck savings per year. After federal tax credit, I figure I have about 20k in my system, so the "payback" is around 12 years, assuming electric rates don't go up over the next 10 years. Had I gone with a grid tie ONLY system, no batteries, I figure you could easily get in the 6-8 year range ( maybe less ) for a self installed system.
Based on my research, we do not get a refund check in Oregon just a credit. Will the utility pay me for my solar production? — Solar Oregon Currently all homeowners and businesses in Oregon operate under a system of Net Metering where the utility will not pay you for your excess power generation. Instead they offer a one to one credit for every kWh produced above what you use which is sent to the grid.
Yeah, in States that do that, you'd need to size a system real careful so you don't produce an excess and give it to them for free.
