Four years and 7 months, loan gone.
Total electric house, no electric bill, no solar loan, no mortgage.
Just rolled car loans over to the same credit union that had the solar loan.
Shorter term and still lower payments.
Combined will be about $380, down from $663.
Credit union's 1.99% rate made a big difference.

Today has been a good day so far!

dave

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Welcome to Dave's BBQ!

Many have eaten here....

Few have died

My solar is only 1 year old, but I'm about on the same pace to pay it off.

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MacResource User Map: [www.zeemaps.com]#

Nice!

What state and how many panels did you have installed?

Total cost of install?

Supplies enough for zero electric / heating bill? wow.

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I remember when you installed them. I think you mentioned 5 years, maybe 7 to break even. How's it looking now?

I'm jealous, and yet I'm not sure I could install them on my older home. Then again, I'm not sure if residential install makes more sense than central solar power locations.

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Quote
decay
What state and how many panels did you have installed?

Total cost of install?

Supplies enough for zero electric / heating bill? wow.

Massachusetts, excellent SREC program here, 34 ground mount panels (SunPower)

Total cost $52,785

Designed for 103% of electric usage during prior year lookup. My son was still home for part of that
lookup year raising my bill with his computers, lights, heat, etc. in basement space.
Yup, minisplits for heat, house all electric, doesn't even have a chimney.

What REALLY shortened the loan payoff was the 30% Fed tax break, dumped right back on loan as a principle payment. Also the SREC program paid me $12,017 to date. That also applied as extra principle payment.
Now the balance of the SREC payments, 5 1/2 years is all mine above the 'no bills'.

Dave

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Welcome to Dave's BBQ!

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Few have died

Quote
hal
I remember when you installed them. I think you mentioned 5 years, maybe 7 to break even. How's it looking now?

Maybe a little mixing of words here, but since all those bills are gone, and now I get the balance of the 10 year SREC payments, even with a bit of degradation, S/B another $12,000 or so in my pocket.
In my mind, I already broke even.

Dave

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Welcome to Dave's BBQ!

Many have eaten here....

Few have died

did you get in before the net metering rates changed?

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Hurts like a bastid...

Quote
DinerDave

Quote
hal
I remember when you installed them. I think you mentioned 5 years, maybe 7 to break even. How's it looking now?

Maybe a little mixing of words here, but since all those bills are gone, and now I get the balance of the 10 year SREC payments, even with a bit of degradation, S/B another $12,000 or so in my pocket.
In my mind, I already broke even.

Dave

NICE!

Congratulations!

....Solar....Baby(ies).....???

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_____________________________________

I reject your reality and substitute my own!

[www.youtube.com]

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I am that Masked Man.

All you can do, is all you can do.

There’s trouble — it's time to play the sound of my people.

Your boos mean nothing to me, I've seen what you cheer for.

Insisting on your rights without acknowledging your responsibilities isn’t freedom, it’s adolescence.

I've been to the edge of the map, and there be monsters.

We are a government of laws, not men.

Everybody counts or nobody counts.

When a good man is hurt,
all who would be called good
must suffer with him.

You and I have memories longer than the road that stretches out ahead.

There is no safety for honest men except
by believing all possible evil of evil men.

We don’t do focus groups. They just ensure that you don’t offend anyone, and produce bland inoffensive products. —Sir Jonathan Ive

An armed society is a polite society.
And hope is a lousy defense.

You make me pull, I'll put you down.

I *love* SIGs. It's Glocks I hate.

Awesome!

We paid cash for ours, so we just have a small mortgage left, our internet bill, and that’s all.

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RecipeForDisaster
Awesome!

We paid cash for ours, so we just have a small mortgage left, our internet bill, and that’s all.

Good for you RFD!
I recall our talks when we were both pursuing the solar projects and expense.
I enjoyed that. Nice conversing with adults, if you know what I mean.
Someday I hope to sit down and have coffee or two with you.

Dave

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Quote
mrbigstuff
did you get in before the net metering rates changed?

Yes-sir!
Mine runs backwards a lot in nice sunny weather.
I generate about 3 times what I use in summer and about 1/3 what I need
in winter. That said, last fall, I had a $1,200 Eversource credit built up, I see maybe
next month what it dips down to for a low.

Dave

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Welcome to Dave's BBQ!

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Few have died

I just finished the end of my first year with solar. My bills have been roughly halved. Although summer should have been better but smoke blotted out the sun for 2 months and we had a record heat wave scraping up against 120°

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MacResource User Map: [www.zeemaps.com]#

Quote
ztirffritz
I just finished the end of my first year with solar. My bills have been roughly halved. Although summer should have been better but smoke blotted out the sun for 2 months and we had a record heat wave scraping up against 120°

Wow! You were affected THAT much?
Was your system designed to cover 100% of your expected usage?

Dave

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Welcome to Dave's BBQ!

Many have eaten here....

Few have died