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re: Solar thread (yes, energy from the sun)

Posted on 4/8/14 at 3:38 pm to
Posted by Placebeaux
Bobby Fischer Fan Club President
Member since Jun 2008
51852 posts
Posted on 4/8/14 at 3:38 pm to
quote:

I've never seen a system sized for anything other than tax credits


Every system I know of in LA is grid based tax credit system. All priced around 25k. The tax credits are going away for the leased systems now and the non leased credits will be gone by 2016. It's a nice model but there is no storage of the energy you produce all day. The energy company buys what you produce for 3 cents a watt but sells it back to you at 12 cents. The systems Ed is talking are nice and can reduce your bill by 50-100 bucks but they do not get you off the grid.
Posted by Placebeaux
Bobby Fischer Fan Club President
Member since Jun 2008
51852 posts
Posted on 4/8/14 at 3:39 pm to
quote:

If you mean a supported overhang, with adequate support, then of course that's allowed. I'm thinking you mean hang 'em over the edge


No they are braced and have slots to where you can take them down easily in case of a hurricane.
Posted by BigEdLSU
All around the south
Member since Sep 2010
20396 posts
Posted on 4/8/14 at 3:39 pm to
That's not true. You get retail credit for what you sell back or offset.

The systems I'm talking about are the systems I sell. They save at least $150 a month on average.

It's not exactly what everyone else offers.
Posted by TROLA
BATON ROUGE
Member since Apr 2004
14688 posts
Posted on 4/8/14 at 3:40 pm to
I only have space available facing west.. How much % would I lose of this option was taken?
Posted by BigEdLSU
All around the south
Member since Sep 2010
20396 posts
Posted on 4/8/14 at 3:41 pm to
I know a guy who built similar brackets in St martinville. He has them where he can lay his 54 flat in about 10 minutes if needed.

Build it yourself?
Posted by Placebeaux
Bobby Fischer Fan Club President
Member since Jun 2008
51852 posts
Posted on 4/8/14 at 3:41 pm to
Ed we will have to talk. I'll keep a look out for you on here.
Posted by BigEdLSU
All around the south
Member since Sep 2010
20396 posts
Posted on 4/8/14 at 3:41 pm to
West is identical to east. You lose roughly 12-15% of your annual production. It can still be an attractive payback.
Posted by BigEdLSU
All around the south
Member since Sep 2010
20396 posts
Posted on 4/8/14 at 3:44 pm to
If you are truly developing a product, let me try it out. I'll sign a non-disclosure form
Posted by KG6
Member since Aug 2009
10920 posts
Posted on 4/8/14 at 3:44 pm to
I've looked into the idea, and if I build a new house, it will probably be seriously considered. But I don't see the 25% annual return on investment. If I put $20k into a system, and my average elctricity bill is $120, the system would have to cover 100% of my electrical needs for over 13 years to pay for itself. Where does this ROI come from?
Posted by BigEdLSU
All around the south
Member since Sep 2010
20396 posts
Posted on 4/8/14 at 3:48 pm to
Under your scenario, the most you could save would be 1,440 annually.

So knock that out, and it takes 3.47 years to pay off 5k. Now you earn an additional 5k every 3.5 years moving forward.

Here's the catch: do you think electric rates will be higher or lower in ten years? Your annual savings are likely to rise faster than inflation.

Edit: this is a Louisiana scenario, where you get 20k back in incentives, assuming you aren't dumb enough to lease it.
This post was edited on 4/8/14 at 3:50 pm
Posted by KG6
Member since Aug 2009
10920 posts
Posted on 4/8/14 at 3:50 pm to
That's all assuming that this will replace 100% of my electrical needs. It will definitely not do that.
Posted by BigEdLSU
All around the south
Member since Sep 2010
20396 posts
Posted on 4/8/14 at 3:51 pm to
I would put it in a contract that my system will average those savings or I'll add to it until it does. I don't lie about performance and not back it up.

I have some customers saving over $250 mo thy with systems.

Those aren't 25k systems though.
This post was edited on 4/8/14 at 3:53 pm
Posted by Clyde Tipton
Planet Earth
Member since Dec 2007
40802 posts
Posted on 4/8/14 at 3:52 pm to
quote:

Louisiana scenario, where you get 20k back in incentives


How long does that take? You make it sound like it only cost 5K to get started, but in reality not everyone has 25K just laying around to spend on something and wait a year or so until the government credits you 20K back.
Posted by BigEdLSU
All around the south
Member since Sep 2010
20396 posts
Posted on 4/8/14 at 3:53 pm to
If you're a homeowner with credit, I'll finance tge job until you get your credits. Takes up to a year, worse case scenario.

Most all contractors offer this.
This post was edited on 4/8/14 at 3:54 pm
Posted by KG6
Member since Aug 2009
10920 posts
Posted on 4/8/14 at 4:00 pm to
Do you install battery systems, or grid tie ins? Do all power companies allow you to tie into their power grid?
Posted by BigEdLSU
All around the south
Member since Sep 2010
20396 posts
Posted on 4/8/14 at 4:03 pm to
I customize systems for homeowners. I do both battery and non-battery. There are pro's and con's to both. I do my best to educate people on what is on the market, and then we'll design the perfect system for them.

Of course I recommend equipment, specific manufacturers, and that is because some are simply superior.

I don't influence people on battery or not though.

All power companies do not allow net metering. They used to, but companies are reaching or approaching the 0.5% shutdown cap.

There are however attractive options that circumvent this......inconvenience
Posted by PSU2LSU
Oxford MS
Member since Apr 2011
3221 posts
Posted on 4/8/14 at 4:08 pm to
Stupid question.. does this hurt or help your home value.
Posted by BigEdLSU
All around the south
Member since Sep 2010
20396 posts
Posted on 4/8/14 at 4:10 pm to
Not a stupid question at all, and a hot debate in the real estate community.

The national appraisers journal tells them to give value to the home equal to 15x the annual savings of the system.

Realtors will tell you that NOTHING raises a homes value until a similar solar system has sold with a home near your precise location.

Eye of the beholder and all
Posted by toopotent
New Orleans
Member since Oct 2010
46 posts
Posted on 4/8/14 at 4:12 pm to
Shoot me an email. Got a question for you. Toopotent05@gmail.com
Posted by BigEdLSU
All around the south
Member since Sep 2010
20396 posts
Posted on 4/8/14 at 4:16 pm to
Done
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