I have two choices: more solar or a PW2
Option 1 (proceed with PW2)
Made deposit on PW2 in April with SGIP. Cost pre rebate $21,839, SGIP2 = $9400, ITC=$6551, net cost $5,888.
In SDG&E territory with EVTOU2 rate. Solar produces 10K kWh, annual use is 19.5K kWh.
Two EVs: Model S and Leaf, receive $400 EV credit on bill. As credited 50 cents/kWh for on peak in summer (12-6 pm), value of peak excess production makes for $100 summer utility bill (6 months). In winter, use 6,000 kWh, with net bill of $1,200 (less EV credit) total annual bill about $1,000. 1/2 of winter electric is for heating in north San Diego county.
Approx 1,000 kWh of summer production used during peak time (12-6 pm), if used PW2 to shift morning production to afternoon use, would save additional $300/year. Factoring convenience, would normally shift another 1,000 kWh from morning to afternoon (value at perhaps $200/year. (would allow not to run AC 10am to noon on hot days prior to peak rates). All in looks like 12-19 year payback.
Option 2,
Get more solar panels, cost for 14 more panels about 7K, net of ITC $4,900. Est production of additional panels 3,000 kWh/year. If 30% (970 kWh) at 50 cent per hour rate, lowers bill by $500 plus 70% (2300 kWh) at 20 cents/kWh $450 saving. Total $950/year which would zero out my annual bill (leaves the $10/month minimum charge). Payback about 5 years.
So unless I'm missing something, the financials seem to say just do more solar with NM 1.0 EVTOU2 rate.
What am I missing? As far as I know the EVTOU2 rate is here for the duration. I'm grandfathered in for 17 more years with Net metering 1.0.
I could see the value of having backup at perhaps $100/year as it doesn't happen often. There is the novelty factory too of having a power wall and perhaps that's worth $1000. Might end up doing both but at some point, one wonders can I reach my state of energy bliss.
Input appreciated.