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Woot! Woot! Just sold my first SREC's!
Posted by: DinerDave
Date: February 16, 2018 04:07PM
Just received the check in the mail yesterday. Solar went live early August, and took awhile to figure out this whole SREC thing. Short explanation is we get paid for our power production, whether we use it or not. Of course excess is sold back to the power company, but we also get paid for the "total" power produced, since Eversource did not have to produce it. We get "near retail", which means a little below the current rate the electricity would be sold the others. I was told by a friend he expects to get about $250 per MWh.
I know Eversource raised rates on Jan 1, so our near retail must have gone up also. The 3rd Q production was sold by our aggregators for us for $605.04, for 2.22 SREC's. That's $272.55 per MWh.
Minus their fee, we received a check for $573.48.

I dropped that whole check directly on the principle of our solar loan.

I have felt great about going solar ever since it was in the planning stages, Then I felt even better when I started to understand the SREC's. Now, I'm really psyched about this, as I have proof positive how this will work.
I realize solar is not for all, condos, apartments, tons of shade, whatever, but I urge anyone who can remotely benefit from solar to do so. Even if you don't get quite all your investment back, you are reducing your carbon footprint and counts for something.
I'm well on my way to the loan being paid off by the time I retire, so I will have no loan, basically no electric bill over a 12 month time frame. We are a total electric house, so that's a good thing.

Dave



Welcome to Dave's BBQ!

Many have eaten here....

Few have died
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Re: Woot! Woot! Just sold my first SREC's!
Posted by: Speedy
Date: February 16, 2018 04:39PM
You do know in many states this is not allowed or has even been outlawed?



Saint Cloud, Minnesota, where the weather is wonderful even when it isn't.
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Re: Woot! Woot! Just sold my first SREC's!
Posted by: pdq
Date: February 16, 2018 04:55PM
We're going (partial) solar this year (~5kW rooftop panel system) and our local energy co says they'll pay us 8 cents for every kWh produced for 10 years.

We'll be rich. Rich! (or richer, by about a dollar a day, once we pay for the thing...)
wink smiley
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Re: Woot! Woot! Just sold my first SREC's!
Posted by: modelamac
Date: February 16, 2018 05:28PM
Quote
Speedy
You do know in many states this is not allowed or has even been outlawed?

How the heck does this statement/fact affect DinerDave? He is not in those "other states".



Ed (modelamac)

I think I will just put an OUT OF ORDER
sticker on my head and call it a day.
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Re: Woot! Woot! Just sold my first SREC's!
Posted by: C(-)ris
Date: February 16, 2018 06:04PM
Quote
modelamac
Quote
Speedy
You do know in many states this is not allowed or has even been outlawed?

How the heck does this statement/fact affect DinerDave? He is not in those "other states".

He isn’t right now. But his state could switch tomorrow.



C(-)ris
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
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Re: Woot! Woot! Just sold my first SREC's!
Posted by: DinerDave
Date: February 16, 2018 06:31PM
Quote
C(-)ris
Quote
modelamac
Quote
Speedy
You do know in many states this is not allowed or has even been outlawed?

How the heck does this statement/fact affect DinerDave? He is not in those "other states".

He isn’t right now. But his state could switch tomorrow.

Doubtful. Massachusetts, years ago gave what is now Eversource an ultimatum. Either make XX% of your power by whatever green means you want but do it. They whined about the massive investment. Mass. said OK, your option is to invest to do it, or pay the consumer to do it for you. Eversource took the lazy way and set up the SREC's. Sooo many took advantage of it, Eversource started to beg out of the agreement. The investing started with their own solar, wind, etc. so now Mass said OK, as of dec. 31, 2017 if a consumer is not on board with the SREC plan, that's it, no more. We are LOCKED in under the original agreement, meaning that for 10 years we benefit from Eversource's laziness and get paid this agreement.
Not seeing how that would change.
I realize not many states were able to work the same deal for it's residents, but I give kudos to Mass legislature for this one.

Dave



Welcome to Dave's BBQ!

Many have eaten here....

Few have died
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Re: Woot! Woot! Just sold my first SREC's!
Posted by: DinerDave
Date: February 16, 2018 06:33PM
Quote
pdq
We're going (partial) solar this year (~5kW rooftop panel system) and our local energy co says they'll pay us 8 cents for every kWh produced for 10 years.

We'll be rich. Rich! (or richer, by about a dollar a day, once we pay for the thing...)
wink smiley

Good for you, gives me a good feeling to know I'm doing something that's greener and better for our world.

Dave



Welcome to Dave's BBQ!

Many have eaten here....

Few have died
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Re: Woot! Woot! Just sold my first SREC's!
Posted by: billb
Date: February 16, 2018 06:54PM
The SRECs are changing for new installs sometime this year in Ma.
We're going to have one standard for new installs after certain date and grandfathered systems.
The new installs will only get a smaller percentage of the grandfathered installs.
The writing is on the wall for SREC eventually going away or at least shrinking to almost nothing.
As has happened in other states.
It was supposed to change a year ago, then the first of this year and it got pushed back again, so, who knows.
iirc, a 5kW system can net you as much as $2500.00 a year here.

Mass still has 100% net metering for Class 1 systems (60kW or less)
anyone with a system 60kW or more gets paid 60% of current rates to feed back into the system more than they use.
I think New Hampshire has the same net metering rules as Mass.



The Phorum Wall keeps us safe from illegal characters and words
The doorstep to the temple of wisdom is the knowledge of one's own ignorance. -Benjamin Franklin
BOYCOTT YOPLAIT [www.noyoplait.com]
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Re: Woot! Woot! Just sold my first SREC's!
Posted by: sekker
Date: February 16, 2018 08:55PM
Excellent!
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Re: Woot! Woot! Just sold my first SREC's!
Posted by: blooz
Date: February 16, 2018 10:27PM
Wish I could have taken advantage of this, but I need a new roof first (mine is 27 years old) before any panels get put up there. First I have to pay for the roof…



And we should consider every day lost on which we have not danced at least once.
—Friedrich Nietzsche
Western Massachusetts
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Re: Woot! Woot! Just sold my first SREC's!
Posted by: sekker
Date: February 16, 2018 10:55PM
Quote
blooz
Wish I could have taken advantage of this, but I need a new roof first (mine is 27 years old) before any panels get put up there. First I have to pay for the roof…

Can you use the new Tesla solar roof tiles?
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Re: Woot! Woot! Just sold my first SREC's!
Posted by: Speedy
Date: February 16, 2018 10:57PM
Quote
sekker
Quote
blooz
Wish I could have taken advantage of this, but I need a new roof first (mine is 27 years old) before any panels get put up there. First I have to pay for the roof…

Can you use the new Tesla solar roof tiles?

Exactly!



Saint Cloud, Minnesota, where the weather is wonderful even when it isn't.
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Re: Woot! Woot! Just sold my first SREC's!
Posted by: billb
Date: February 16, 2018 11:33PM
Quote
sekker
Quote
blooz
Wish I could have taken advantage of this, but I need a new roof first (mine is 27 years old) before any panels get put up there. First I have to pay for the roof…

Can you use the new Tesla solar roof tiles?

They cost twice as much as standard solar panels and only output about 85% of the power.





The Phorum Wall keeps us safe from illegal characters and words
The doorstep to the temple of wisdom is the knowledge of one's own ignorance. -Benjamin Franklin
BOYCOTT YOPLAIT [www.noyoplait.com]
[soundcloud.com]
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Re: Woot! Woot! Just sold my first SREC's!
Posted by: Speedy
Date: February 16, 2018 11:48PM
Quote
billb
Quote
sekker
Quote
blooz
Wish I could have taken advantage of this, but I need a new roof first (mine is 27 years old) before any panels get put up there. First I have to pay for the roof…

Can you use the new Tesla solar roof tiles?

They cost twice as much as standard solar panels and only output about 85% of the power.


But they blend in nicely. Like paying for fancier looking shingles.



Saint Cloud, Minnesota, where the weather is wonderful even when it isn't.
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Re: Woot! Woot! Just sold my first SREC's!
Posted by: bfd
Date: February 17, 2018 06:22PM
Quote
blooz
Wish I could have taken advantage of this, but I need a new roof first (mine is 27 years old) before any panels get put up there. First I have to pay for the roof…

And you can pay 30% less (tax credit) for it when you combine it with a solar install. ANYTHING you have to do to complete the solar install can be included on the tax credit. Tree removal, panel upgrade, you name it.
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