| Hi Kntry,
Unfortunately, solar electric is not very cost effective without some form of government subsidy. In 2002 when I had mine installed, it cost roughly $7000 per Kw to have installed. Even with the state paying for over 50% of the install cost, and the highest utility rates in the country, my payback was just over 7 years. Since then, utility rate increases have reduced the payback to just under six years, and we are looking at another rate increase, effective 2008, which will further reduce the payback period. That said, unless your state subsidizes solar installations and you electricity costs are very high, the payback on your investment will be 15 years or more. Of course you could reduce the cost considerably if you can install it yourself. Idid not feel comfortable doing this on such a large system.
I have what is called a Net Metering Agreement with the electric company. During the day I provide electricity to the grid and, at night, I draw electricity from the grid, since my system has no batteries. I also have a smart meter that keeps track of my production and usage by time of day. My rate structure is that I have a high rate during peak use period from 10:00 am until 6:00 pm , Mon through Friday and a low rate from 6:00 pm until 10:00 am Mon through Friday, Weekends and all Holidays. Ideally, I don't use any electricity during peak hours, but am a producer. At then end of the month, my meter is read and if I produced more that I used, I get a credit. If I used more than I produced, I get a bill. Some months I get a credit and some months I get a bill. It really depends upon the weather. The biggest bill I get is in the sumer when the A/C's are running a lot.
Here in California, installers are a dime a dozen. The state still has subsidies, but at a reduced rate from when I put my system in. The state also keeps and approved list of installers. You will need to check with you state to see what subsidies, if any, are available. You could also check for a list of installers there as well. Also, I believe there is a Federal Tax credit of up to $2000 for installing solar, which was not available when I installed my system.
Hope this helps.
Phil |