Is Solar worth it? My Experience 2 Years Later

Here you can find Solar Panels and technological accessories related to Solar Energy: Click Here If you want to learn about Solar...

Here you can find Solar Panels and technological accessories related to Solar Energy: Click Here

If you want to learn about Solar Panels, to advise you before buying or to build your own Solar Panel: Click Here

my electric bill has been $0 for the last 2 years I'm going to show you how I got there with every number you could ever want to see cost savings hidden fees and surprising savings I didn't even know existed plus I'm going to make all the numbers extremely easy to understand this is the video I wish I had before I got solar so first let me quickly go over the size and cost of the solar panels for the size I went with a 12.24 KW system if you're like I was when I was first learning about all this you're probably like well that number means nothing to me like how many panels is that let me explain each solar panel installed on our house is 340 watts and there are 36 panels on the roof totaling 12,240 Watts or 12.24 kW to use or store that solar energy I have two inverters I also have three power walls capable of 40.5 KW hours of energy storage with 15 KW of continuous power and 21 K K of surge power and don't worry I'll show you examples of what my house uses in a second and all those numbers will make sense okay so now the Moment of Truth the price the total I paid upfront before any tax credits or rebates is $48,000 at first glance it probably does not seem worth it for how expensive it is I know someone's probably typing down in the comments right now of course your electricity bill is 0 you paid $48,000 well hang in there because I'm going to break down all all the numbers and I think you're going to be surprised on the total savings all right so now let's look at the data our solar panels got installed in 2021 so I have two full years of data to show you in 2022 the total solar generated was 23.6 megawatt hours and in 2023 it was 24.5 megawatt hours when I was signing up for solar Tesla estimated our system would generate 22,45 kwatt hours of energy per year or 22.4 megawatt hours so hey my system did better than expected which I'm happy about something to know I live in Arizona with south facing solar panels so they get Sunshine all year long Arizona gets a lot of sun so I might as well take advantage of it also there's a reason my system generated Less in 2022 one of my inverters stopped working for a few months and I didn't even realize this was happening because I did not get a notification the Tesla app or anything like that but once I realized it was happening Tesla came out quickly and fixed it and I've had no issu cents so these megawatt hour numbers might not mean a whole lot to you but here's what the numbers look like daytoday in the winter time the averag is about 60 KW hours of solar energy per day looking at the graph you can see it's generating a little bit in the morning the most when the sun is high in the sky and then back down when the Sun is setting in the summertime we have more hours of daylight so my home averag is about 85 kilowatt hours of energy per day it's a similar graph but there's more hours of sunshine so the numbers are are higher okay so that's how much solar is generated but how much am I using in my house well in 2022 I use 18.6 7 megawatt hours and in 2023 I use just a bit more at 18.7 n megawatt hours I use a lot and that's mainly because I'm running the air conditioner all the time during summer here in Arizona but the important part is I'm generating more solar energy than I'm using per year and here's a quick breakdown on my daily usage my air conditioning isn't running in the microwave and the dryer are both off my home uses about 7 KW of power this is the Baseline I have two AC units and if the smaller one is on it jumps up to a total of 5 Kow of power if both AC units are on that number can jump up to 10 or 11 Kow so energy is how much power is used over time and you can find that on your energy bill but the amount of power used at any given time is important to know for battery backup because it needs to cover all the appliances that might need to run at the same time that's why I have three power walls so it can handle the high continuous power and enough energy for backup at night which I use about 20 to 30 kwatt hours of energy at night in the summer so the three power walls are enough to fully cover it if the grid was down until the sun comes up the next day you might be thinking oh Reed your system is way too big it's generating way more energy than your house is using well hold that thought we'll get back to it when we talk about how long it will take me to break even and then we'll see if it's really worth it because you know how I said I have a$ Z electric bill for two years well it's kind of true and kind of let me explain so my Energy company here in Arizona is SRP in every state and Energy company is going to be a little bit different but here's how it works where I live I'm on the solar energy plan with what they call average demand and the price per kilowatt hour is pretty low whether it's Peak or off peak hours but then there's these demand charges and they out rageous basically if you're going to run your air conditioning during Peak pricing and the energy is coming from the grid and not your solar panels it's going to cost you big time so this is why I have to have power walls or some kind of battery backup every day during Peak pricing my system automatically switches over to only using solar or battery backup that way you don't have any Peak pricing or demand charges if I wasn't doing that then I wouldn't save much and solar panels probably wouldn't be worth it where I live okay so I'm avoiding all the peak pricing and demand charge fees what else is there well there is one more fee with my Energy company and that's a connection fee it's $324 per month but it can be erased here's how luckily SRP does Net metering so they'll buy back energy at the same price they sell it to me for which is great so if I sell back enough energy that money can erase the connection fee most months I erase that connection fee and actually right now I have $109 credit to my account for the extra energy I've generated recently but there are some months where I don't cancel out the connection fee so over the 2 years I paid SRP a total of $314 78 the averag is out to about $13 per month which is really good so I still view it as a$0 electricity bill because I don't pay anything for electricity I just pay a little bit to stay connected to my Energy company which is kind of dumb all right it's time to calculate the ROI and see how long it's going to take me to break even on these expensive solar panels and power walls but first something that can help you find more answers we partnered with energy Sage on this video because even though I went with Tesla solar it's always best to get several quotes and that's why I recommend checking out energy Sage because they help you make sure you're getting the best possible price from a trustworthy installer and energy Sage is completely free to use so I'm a big fan of that and once you create an account you'll be emailed competing quotes from reputable and within a day or two and it's really easy to compare them because energy Sage standardizes the quotes for you what's really cool is they don't require a phone number which is really good because I hate getting sales calls you're also assigned a personal energy adviser to answer your questions as you research and compare I seriously had a million questions when I was researching solar so this is extremely helpful to answer specific questions on where you live even if you already have a quote from a Solar Company like Tesla you can still upload it to energy Sage to compare with other proposal alss I mean they're the most trusted Marketplace out there when it comes to shopping for solar and batteries so why not shop around on average homeowners save about 20% on solar When comparing with energy Sage so if you're interested in finding out more check it out at the link down in the description okay let's see how long it will take me to break even on the solar and power walls so the initial cost was $48,000 but then we subtract the federal and state tax credits this isn't straight cash but it comes off in next year's taxes which we got and it was very nice there was also a $3600 rebate for power walls that came from our Energy company SRP that promotion has ended but that was straight cash this brings the total paid down to $3,995 that's still a lot so now for the cost savings I was spending about $200 a month on average for our electric bill that comes out to $2,273 per year for electricity so let's do the math drum roll 13.6 years until I break even and honestly that's not that bad for how big the system is especially since that number will slowly shrink over time our local Energy company has increased prices 9% over the last couple of years by the way here's a little tip if you ever want to see a snapshot of a website years ago use Wayback machine it's amazing but you can see the prices have gone up and I'm sure they're going to keep going up plus there are even more savings that could bring that break even time under 10 years let me explain if you have an EV the cost to charge it can add up unless you have solar panels then it can almost be free here are some numbers for my house to help put it into perspective to drive to my parents house in back which is 30 minutes each way in the Tesla Model y it uses about 20 kW hours of energy that's how much it takes to charge the car back up after the drive and since I'm on a solar electricity plan with my electric company the cost for energy is around 5 cents per kilowatt hour that's about $1 to go all the way there and back if I were in a gas powered car it would cost about $10 in gas that's nuts and what's even more crazy is all the numbers I shared earlier with how much energy I'm using already includes charging an EV that means my solar production is basically covering the cost of my driving even if your Energy company isn't great maybe the energy is still high or they buy back energy from you way cheaper than what they sell it to you for well with Tesla you can charge the car only off excess solar that way you can stick it to the cheap skate energy companies and save more so if you factor in all the money I was spending on gas every year it's probably closer to 10 years until I break even on my solar panels I'm sure some of you will pick apart my arguments and there are definitely Savings in benefits that are hard to measure like Comfort resale value of your home and more so with all that in mind is it worth it for me it is I love cranking up the AC in my house when it's hot outside and not worrying about my electric bill going up I I know I've already paid for it but now I don't have to worry about how much to save or spend every day we can just set the temperature to what we like and it's just one less thing to worry about also I don't regret getting a larger system if I would have gotten less solar panels then I would have to pay full price for that connection fee I plan on living in this house for a while and that fee can add up over time so much that it costs almost the same as upgrading to the larger system so I would just rather have the larger system plus the solar panels will slowly become less efficient Tesla says about a half a perc per year so that's another reason why I went with a slightly larger system because I still want to cover my energy usage way down the road from now lastly we like the Peace of Mind of not having to rely on the grid and the power has gone out in our neighborhood and our lights in our house just barely flickered and nothing turned off I was shocked at how fast everything switched over so to all those comments about my smart home breaking when the power goes out it doesn't business as usual around here and I love it hopefully this video is helpful and if you're thinking about getting solar check out the links down below thanks for watching Dad how big is our solar system oh it's uh 12.24 KW okay thank you Dad you are wrong our solar system has eight planets and my teacher's really mad at you well your teacher's wrong there's nine planets Pluto's a planet come on ...

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