Is there a company that you can recommend? I am seriously interested in getting something like this for my house just to reduce the power that I consume from the line.
How did the "rebates" work for you? I have heard stories about some solar companies keeping the rebates and charging you less upfront, true or false?
True
I went and got "Solar Certified" to sign off on my own job, just to find out if I signed off on my own job I wouldn't qualify for the tax credits. So I partnered up with a company and did just what you're talking about. I put up the 20% and did the design and installation of the electrical system. They put up the 80% and took the installation tax credits (50% State and 30% Fed) plus 5 years of the "Energy Tax Credits" (yes there is a market to sell "green" energy tax credits)
If you're just looking to lower your energy bill a simple grid-tied system is all you need which almost any solar company will do for you. I talked with a lot of companies because I couldn't find one to do a battery backed system. In the course of talking I would bring up financial options. I made it easy for them because I was doing a lot of the work, which more than made up for the "time value of money" plus they got 5 years of the energy tax credits. Those green energy tax credits are the dirty little secret none of the solar company's are not telling the consumer about... read the fine print.
good thing is if electric rates go through the roof (which they will) you are paying the electric company in KWh instead of U.S. dollars.
So just to put this in apples to apples term's.
Your set-up will not only power your house but will provide power when the electric is out as well?
I am talking about an installation that would hopefully reduce my dependency by 50% +/-.
So my set-up should cost considerably less than yours? If you were out of pocket 18k then the total cost of your set-up is in the neighborhood of 93k, correct?
Impressive setup man, I'm jealous. I've got a few questions:
What's your cost per kWh? As energy prices increase, you may break even sooner.
What's your average kWh usage? During peak load what does your house draw?
Did you go all out and design your house for energy efficiency or was this a post construction project?
Why install so far away (400') from your house? I'm assuming you're losing a noticeable chunk of available power from resistance.
Very nice, hope you didnt get wet w/Isaac? Slidell has quite a few homes w/solar arrays now. I live north and want to add them too some day, on the ground like you did. Great Job.
True
I went and got "Solar Certified" to sign off on my own job, just to find out if I signed off on my own job I wouldn't qualify for the tax credits. So I partnered up with a company and did just what you're talking about. I put up the 20% and did the design and installation of the electrical system. They put up the 80% and took the installation tax credits (50% State and 30% Fed) plus 5 years of the "Energy Tax Credits" (yes there is a market to sell "green" energy tax credits)
If you're just looking to lower your energy bill a simple grid-tied system is all you need which almost any solar company will do for you. I talked with a lot of companies because I couldn't find one to do a battery backed system. In the course of talking I would bring up financial options. I made it easy for them because I was doing a lot of the work, which more than made up for the "time value of money" plus they got 5 years of the energy tax credits. Those green energy tax credits are the dirty little secret none of the solar company's are not telling the consumer about... read the fine print.
good thing is if electric rates go through the roof (which they will) you are paying the electric company in KWh instead of U.S. dollars.
Ok, here is the part I don't understand: I am working in Afghanistan and get a big tax exemption for staying out of the country 335 or so days. So will I just have 50% (state) plus 30% federal tax credit on my TAXABLE income? If so, it's not really worth it to me... If I make 140k, and 96k is exempt, I'm paying taxes on 44k. Let's say that's 9k in taxes. If I get 80% OF THAT back, that's only 7k. I think the cheapest home system is like 25k right? I'd still be out of pocket 18 grand...
Or am I looking at this wrong? If they pay 80% of the cost of the system then I'd only be out 5 grand...
So, which is it?
Thanks for your help.
-Neal
The 50% Louisiana State "Credit" they just cut you a check for the full amount. The 30% Federal tax credit you take off your federal taxes. You can file an amended return for previous years taxes and get your money back.
So the state of Louisiana is going to cut me a check for half of the cost of the total installation?
So, if the total cost is $20,000 I am going to get a check form Louisiana for $10,000?
But from the fed side I am only going to get a "credit" of 30% of my total Federal taxes due for the year?
Example, I owe a total of $10,000 for the year I am only going to get $3,000 in "credit"?
I am just trying to get all my t's crossed and i's dotted.
Sorry for asking so many questions.
I pass your place frequently. The array has been in place for over a year hasn't it?
What I don't grasp, if you're still on the grid, why the battery bank vs. a two way meter. Then you get net billing/credit and a lot less management effort? I'm sure I have missed some important info, just don't know what I don't know.
......... The majority of the systems out there will not produce electricity when the grid is down........