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To: Red Badger

My electric Co-op will buy power from home solar panels at the incremental cost of the power that the Co-op would then not buy. There is no net metering. Therefore, I would still buy 100% of the power from the Co-op at retail and sell back what I make at wholesale essentially. This would be an amazingly poor return project and use of my limited capital.


30 posted on 09/14/2022 9:46:38 AM PDT by rigelkentaurus
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To: rigelkentaurus
"My electric Co-op will buy power from home solar panels at the incremental cost of the power that the Co-op would then not buy. There is no net metering. Therefore, I would still buy 100% of the power from the Co-op at retail and sell back what I make at wholesale essentially. This would be an amazingly poor return project and use of my limited capital."

Yup, heard those beneficial buy-back schemes in many different forms when the Solar salesmen would come knocking. They all had a different formulas for success/savings. I was first interested thinking not all these companies could be rip-offs, but after a few in home sales pitches with my Wife who has better math abilities, she concluded there was no immediate benefit even with Gov subsidies.

They never come knocking anymore. I wonder why that is? Could our neighbors who installed solar found it would take years to benefit via convoluted utility math and subsidies?

As for EV vehicles with their questionable lithium batteries, limited range, limited charging stations, times of charging, cost of battery replacement, etc., no thanks. Until they perfect the technology, we'll keep our highly dependable 2016 Kia Optima with low mileage. Hell, wish I hadn't recently sold my 1958 Chevy Impala.

45 posted on 09/14/2022 10:13:08 AM PDT by A Navy Vet (USA Birth Certificate - 1787. Death Certificate - 2021. )
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To: rigelkentaurus
"My electric Co-op will buy power from home solar panels at the incremental cost of the power that the Co-op would then not buy. There is no net metering. Therefore, I would still buy 100% of the power from the Co-op at retail and sell back what I make at wholesale essentially. This would be an amazingly poor return project and use of my limited capital."

I agree 100% with your sentiment. However there are a couple of corrections to know about in case it impacts your decision on gaining a little bit of energy freedom from heavily gubment regulated utilities.

1. You can opt to not put power onto the grid (don't do "solar buyback"). In fact, I paid a little extra for my inverter (now two inverters) just to have the "no output" feature (some inverters call it "zero report"). Thus I don't pay the large monthly "solar fee" (as it's called among solar folks) to the utility just for the privilege of them paying me next to nothing for the power I'd sell them. Thus I don't pay the $129.84/month I'd have to pay for solar fees (on top of the $15.60 flat fees and taxes I and everybody else already pays in Alabama).

2. Whether or not you do the solar buyback, with solar you don't buy 100% of your power from the grid -- you buy only the power your solar and/or batteries don't provide.

End result for me: as far as my utility is concerned I'm not a solar user: I'm not charged any fees nor does the utility give me money nor do I have any weird regulations (all because I don't put power onto the grid). To them I'm a normal power consumer like you and everybody else except that I consume a lot less power from them. Only 8.6% of the power I need comes from the grid, I'm expecting my next bill to show I bought 164kWh from them this month -- the power company has no clue that I will have consumed an expected 1907 kWh this month. Over 1,800kWh of the power I consume this month is completely off the radar of my power utility -- I'm in no way charged for it nor is it regulated by anybody but me. It's analogous to friends I know living on the river saving on their water bill by watering their lawn with water from the river -- the water company doesn't see, regulate, or charge their river water use in any way.

49 posted on 09/14/2022 10:24:58 AM PDT by Tell It Right (1st Thessalonians 5:21 -- Put everything to the test, hold fast to that which is true.)
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