ucla1967
Major
- Joined
- Jan 28, 2006
- Messages
- 6,752
California has the highest electrical rates in the U.S., except for Hawaii and Alaska. Southern California Edison has a tier billing system which has seen increases since 2005 of 24% in tier 1 (the least expensive) to 86% in tier 4. My September electrical bill was $543 because we ran our two zone central air conditioning system for about 10 days due to the 100 degree weather we had been experiencing. I had already signed the contract for a solar energy system before receiving that obscene bill, so that just confirmed the wisdom of my decision.
All solar systems are not created equal. The efficiency of the panels range from about 14% to 21% depending on the manufacturer. My research showed that a company called SunPower made highly rated panels. I got bids from three different contractors which ranged from $30,000 to $38,000 for a solar panel system which would provide from about 50% to 95% of our future estimated requirements. Then the choice was whether to buy it out right or lease it; and if leased, how much money to put down.
We decided to lease for 20 years a 6.54 kW (DC), 5.8 kW (AC) SunPower System with 20 solar panels each producing 327 watts. By making a $10,800 down payment, it reduced the fixed monthly lease payment from $159 (with no down payment) to $80. The estimated net savings over the 20 year life of the lease was more than $50,000. The thing I liked about leasing is that they fix any problems. For example, the inverters only last about 10 or 12 years and would cost about $6,000 to replace if I owned the system rather than leased it.
Here are some photos of my house just before installation.
All solar systems are not created equal. The efficiency of the panels range from about 14% to 21% depending on the manufacturer. My research showed that a company called SunPower made highly rated panels. I got bids from three different contractors which ranged from $30,000 to $38,000 for a solar panel system which would provide from about 50% to 95% of our future estimated requirements. Then the choice was whether to buy it out right or lease it; and if leased, how much money to put down.
We decided to lease for 20 years a 6.54 kW (DC), 5.8 kW (AC) SunPower System with 20 solar panels each producing 327 watts. By making a $10,800 down payment, it reduced the fixed monthly lease payment from $159 (with no down payment) to $80. The estimated net savings over the 20 year life of the lease was more than $50,000. The thing I liked about leasing is that they fix any problems. For example, the inverters only last about 10 or 12 years and would cost about $6,000 to replace if I owned the system rather than leased it.
Here are some photos of my house just before installation.