So having recently got my Leaf, I am finally getting serious about looking at solar. Just had someone out from Solar City to take a look at things. I am hoping that some folks on here have been through this process and can help me figure this stuff out.
1. Right now I have little to no money to put upfront, so purchase is not an option.
2. I work from home, and have a 2.5 year old and another on the way, so unfortunately I don't get much in the way of system savings during the day.
3. Currently, at Pepco's rates I pay about 13.6 cents per kWh (all in - generation, transmission, fees etc)
4. As such, my average monthly bill is $200 and my average kW usage is 1475 (pre Leaf).
5. I don't have huge south facing roof space, and according to Solar City, the system they can install would be 4.84kW, which would generate about 35% of my current usage, again pre Leaf. They guarantee 6,150 kWh in annual production.
Solar City is putting up 3 PPA plans (not sure exactly why no lease), but it is a power purchase agreement where you essentially buy the power from them. They are
1. Pay as you go: NOTHING up front, 11.6 cents per kWh, 3.9% annual increase, $59 monthly payment, projected savings over 20 years is $9141
2. Custom Plan: $3755 upfront, 10.7 cents per kWh, no annual increase, $39 monthly payment, projected savings over 20 years is $16,467
3. Pre-Pay Plan: $7510 upfront, 6.4 cents per kWh, no annual increase, no monthly payment, projected savings over 20 years is $21,560
All of these are with monitoring, 20 year warranty/repair, including inverter costs, insurance coverage and performance guarantee.
So... what are your thoughts?
1. Right now I have little to no money to put upfront, so purchase is not an option.
2. I work from home, and have a 2.5 year old and another on the way, so unfortunately I don't get much in the way of system savings during the day.
3. Currently, at Pepco's rates I pay about 13.6 cents per kWh (all in - generation, transmission, fees etc)
4. As such, my average monthly bill is $200 and my average kW usage is 1475 (pre Leaf).
5. I don't have huge south facing roof space, and according to Solar City, the system they can install would be 4.84kW, which would generate about 35% of my current usage, again pre Leaf. They guarantee 6,150 kWh in annual production.
Solar City is putting up 3 PPA plans (not sure exactly why no lease), but it is a power purchase agreement where you essentially buy the power from them. They are
1. Pay as you go: NOTHING up front, 11.6 cents per kWh, 3.9% annual increase, $59 monthly payment, projected savings over 20 years is $9141
2. Custom Plan: $3755 upfront, 10.7 cents per kWh, no annual increase, $39 monthly payment, projected savings over 20 years is $16,467
3. Pre-Pay Plan: $7510 upfront, 6.4 cents per kWh, no annual increase, no monthly payment, projected savings over 20 years is $21,560
All of these are with monitoring, 20 year warranty/repair, including inverter costs, insurance coverage and performance guarantee.
So... what are your thoughts?