Just sharing my experience and cost on my solar system. how long will it take to break even and have "free" charging...
im in CA so my electric company is charing me $0.36 per kwh. We all know prices will just continue going up so i invested in a solar system about 8 months ago. I shop around for the best deal and end up finding this guy from Solar pal. He beat all the prices out there and some. So DM if you want his info and if you want my personal experience going solar. My advice to anyone thinking of solar, go cash payment if you can. Will save u thousands in interest and fees. Which make the math easier to understand. And don't go too big or you will be over spending. Get what you need by calculating how much power u use for your home and for your EV.
My 8KW system cost me $20k before incentives. Got back my 26% federal tax credit this year so my system cost me $15k up front. My system produced about 1300 ish kwh per month. Production is base on your location and how much sunlight you get.
I used bout 650 kwh each month for my MYP. My wife's prius prime is an extra 150 kwh. I used about 500 kwh for my house. Thats a total of 1300 kwh, give or take 100. 1300 x $0.36: $468 each month to PGE if no solar. Will take me 32 months ish or 2.7 years to break even on my $15k investment. So lets just say 3 years and im good. My panels are warranty for 25 years and guarantee 88% production by year 20. So after 3 years, all my saving will just go toward the car payments. If you want to see it that way. We all know electric and gasoline rate will continue going up. The higher it goes, the quicker return. I was paying over $500 a month for my gasoline bill before getting my MY. This is when gasoline was $4 ish. And Also $150 to my electricity bill. If im still driving my ICE cars and no solar today, my gasoline bill will be $750 ish and my house electricity bill will be around $200! Again, Im from CA where gasoline and electric rate is the highest in the nation. If gas was under $4 and kwh is under $0.10...im not sure so gong solar is the best.
here's my past 31 days charging stats. My total spent (without solar) vs gas saving.
So what am i missing?
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