Time for the one year update!
I just ran through all the math and I’ve avoided $1177.92 worth of electricity, fees and taxes with my solar this year.
I’m not eligible for the SREC credit self installing after jumping through a bunch of hoops. So, missing out on a big chunk of change coming back to me.
My cost of the system after 30% tax credit is $13300. If electric rates don’t go up, I’m looking at 11 years and 4 months for 100% payback.
There are a couple of hiccups in my system/math for this past year where I missed out on some generation.
1. I was having communication issues with my microinverters from the time I turned it the system on until the end of march. 4 months of partial generation that has since been resolved.
2. I’m down one panel still from the original design. The chimney for the basement furnace prevented me from fitting a panel where I needed it. Once the furnace is gone I’ll have it installed and generating.
3. I didn’t realize how sharp of a drop off in generation I’d have in late summer/early fall. My house is an island in the middle of my lot with trees all around. The time of year gets just right to where the sun angle starts filtering the light through 60-80’ tall oaks and really cuts down on the hours of production. You can see below in September it really takes a dive.
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Feelings so far:
I’m going to update this again in April. At that point I’ll have a year of everything running without issue. I’ll have more of a legit idea of what the array can do. It’ll likely be another 1000-1500kWh of generation.
Solar probably isn’t worth it, even DIY, for most people. That is if you’re counting only the financial side of things. Are you going to live in your house for 10+ years to get to the point of breaking even? I’ve got what is probably $7-10k worth of my own labor into this project as well. So take that into account on what “real” pay back would be in that case.
My house is also still severely energy inefficient. 2 1989 HVAC systems, leaky old sliding/french doors, poor attic insulation and air sealing.
New HVAC upstairs this year, attic insulation and air sealing happening as well. It should make a huge difference in summer and increase electricity usage for winter. I’m putting in a heat pump, so no furnace.