Tuesday, June 30, 2009

I think I'll try this

I did some extensive research the past few days and I have come up with a 3.0 kilo Watt solution that utilizes 13 solar panels, an inverter, and some various wiring and mounting hardware for $13,900. Here in my part of Colorado, I can get $3,000 from my local electric utility company and I can get 30% or $4,200 tax break from the federal government. So, my final cost for a basic package is $6,700. I can get a computerized tracking system for the solar panels that increases output by 51% for less than $1,500. Well worth adding. So, $8,200 for the DIY types. I am jazzed about this. A great deal of the energy produced will be wheeled back onto the utility line while no one is home during the daytime hours. It will likely offset the night time usage. My average electric bill is $115/month ($1,380/year) So, if my daytime generation were to offset the night time usage, i.e. break even. Then free electricity in $8,200/$1,380/year = 6 years payoff time. I would have to do a quick study of the daytime and night time power usage of my house to verify the consumption -vs- produced energy ratio to come up with a tight payoff time frame. But, this is fairly realistic where I live in Colorado.
Have a great day!
James

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