http://www.innovativesolar.com/residential.php
Netmetering
My system is a grid tie-in system. I am
consumer.
Monthly Billing
• El Paso Electric figures my bill each
month. If I am ahead for kWh, EP
Electric will pay me 4.57 cents (the
wholesale rate) per kWh. If I am
ahead for 99+ kWh, this will be
enough to cancel out the $4.50
monthly residential customer
charge.
• If I am behind for the month, I will
pay the retail rate (about 11 cents
per kWh) in addition to the $4.50
customer charge.
My Electric Meter
• The monthly billing just described
went into effect in April, 2010. Prior
to this I was simply credited kWh
and I would not be billed for kWh
until my credits had been
exhausted, but always paying the
$4.50 customer charge.
• One advantage of the new billing is
that it now pays off to install a
larger system, rather than one
• My new meter installed in April, 2010
shows three readings of kWh. One
is of the kWh generated by me
when my inverter is on. The second
is of kWh consumed by me when
my inverter is off. The difference
between these two numbers is
what I am paid for or what I owe.
• The third number on the meter is
simply my total of kWh. The meter
read 0 kWh when installed. Since
then it has spun backwards net,
now showing a reading around
99000 kWh.
Cost and Payback Time
Cost of system: $27,700 in Jan.
2009
30% federal tax rebate: $8310
Net cost: $19,390
My electric bill for 12 months
prior to installation: $940
($78.3/month)
My electric bill for first 12
months with system: $98 ($54
of this is monthly service
Cost and Payback Time
Estimated years to pay off
cost: 14-17 years.
Panels are warranteed for 25
years.
How Big of a System Do You
Need?
• Calculate your average monthly
consumption in kWh (ex: 900 kWh).
• Calculate your average daily
consumption in kWh (ex: 30 kWh).
• Subtract 15 percent for anticipated
conservation (ex: 30 – 4.5 = 25.5
kWh).
• You would need roughly 25 solar
panels (expect each panel to
produce about 1 kWh daily on
average).
Benefits
• Inflation-proof your energy future.
Lock yourself in to known costs.
Make a profit from electricity!
• Emotional satisfaction. Reduce
pollution. Take charge of how your
electricity is made. Stick it to “the
man”.
• Flexibility. Plug-in hybrids. Electric
cars. Get rid of natural gas
appliances.
• Awareness and reduced
Numbers from Year One
electricity use.
“The Stone Age did not end
because we ran out of
stones”
-unknown
jnpaton@att.net