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
okay so you guys a year ago I finally took the plunge and I got solar panels for my Airbnb in Palm Springs the electric bills were just getting higher and higher and I needed to do something about it damn in fact the highest Bill we've ever had was $892 of June of 2022 getting solar can be quite an investment and a lot of people are interested in solar but don't know if it's actually worth it and I had the same questions before I got solar a year ago now we can really see if it was worth the cost and how much savings I've actually had from release I'll also go over the return on investment and if I think it's worth it overall so the cost of this solar system was $20,000 so that got me 20 solar panels all of the electrical involved with installing solar panels and the solar inverter so I opted not to get a battery because they're quite expensive and I applied within the time frame of NM 2.0 which basically means I can sell my extra energy back to the Grid at the price I buy it for after April of 23 if you applied to get solar panels you could only sell back your extra energy for a fraction of the price that you buy it for so pre April 2023 it made more sense to not get a battery but if you're getting solar after April 2023 it makes more sense to get a battery this is the size of the system and it's about what we could fit on this roof it's not that big of a house a system of this size can produce around 13,000 kwatt hours per year in reality it ended up being closer to 12,000 kwatt hours because it was pretty rainy this last year and we knew going into it that this was a slightly smaller system than needed and we were still going to have a bill from our utility company for both fixed fees and a little bit of the electricity so a common misconception with solar is that if you get it you will have no electric bill at all and that's just not true as long as you're connected to the grid you're still going to have some fees you have to pay how much they are depends on how big of a size you get and if you get batteries so these are the fees that you're going to have to pay to be connected to the grid each month regardless of how big your solar system is and then if you have a smaller system size you are going to use some energy from the grid so you're going to have a larger bill just being realistic $20,000 is usually not going to fully cover your utility bill unless you have a very small house you know there are some situations where it might work but here in the California desert not how it works I didn't get any batteries anything like that those can be like 8 Grand a pop sometimes you need multiple of them so it is a smaller solar system but it actually had a pretty big impact on the bill not to spoil it but um let's let's get into it so for some context you need to see what we were paying before we got solar these were all of our electric bills in 2023 you can see very high for such a small house electricity is just very expensive in the California desert because it gets so hot we have to run the AC often and the pool pump and hot tub also consume a lot of electricity year round overall it's usually somewhere around 1400 kwatt hours per month the system was turned on Midway through January so that month was only like half solar the following month was when we could really see how it impacted the bill February was the first month where we could really see the impact of solar the total bill was $280 in the previous year it was $557 so this was actually a 50% decrease exactly which I was very pleased with here is what the electric bill ended up being the rest of the months of the year as you can see once the solar was fully turned on it was never more than $300 a month which is really good and December is not fully complete but I'm going with the same numbers as December because it should be pretty similar and here's how each monthly bill compares to when we didn't have solar in 2023 you can see it's usually about 50% lower but actually sometimes more March and April is actually when we saw the biggest decrease and I think that's because that's when most people are at the house using a lot of electricity but most of it was just being generated from the solar you'll notice a big difference in the cost from winter to summer in part because of course we're using the AC way more in the summer but it's also because the utility company increases the rates slightly in the summer so the time of the year you're using the most electricity you're also paying the highest rates the only month that I'm confused by is September it actually was pretty similar in September and I really don't know why I've been looking at each bill and I just can't really figure out why in September I'm like hello were the panels turned on I mean I know that's not how they work but I think it's just that in 2023 for whatever reason not much electricity was used that month I really don't know why we must have let it get really really hot in the house September of 2023 so on average the bill went from $620 a month to $253 a month so much lower it's actually a 60% decrease on average so it ended up being even better than I expected I was hoping for 50% and we got 60% which I was happy about and now the final total over the course of a year so 2023 remember we spent about $7,400 on electricity and this year in 2024 it's looking like the total is going to be 2, $916 that's actually really good a 60% decrease on our electric bill that is a $4,500 savings like that is actually pretty major for our Airbnb even better than I expected it makes it so that it will take 4.4 years for the solar panels to pay for themselves essentially and then of course you still save after that so over the course of 30 Years it'll be tens of thousands probably like six figures worth of savings by having these solar panels over 30 years with solar panels it would be about $90,000 this is without inflation and without solar panels it would be over $200,000 so a total Savings of $133,000 over 30 years when you factor in inflation though the savings is even higher it's about $212,000 so how did selling back to the grid impact the savings honestly it didn't impact them as much as I thought it would this column right here shows how much we were able to sell back to the grid each month and total it was about $700 for the year the interesting thing is in the summer I wasn't able to sell anything back to the grid I assumed that's when I would sell the most back because the days are longer you generate a lot of electricity and there's usually like not anyone here at the house in the summer anyway but it turned out that we still ended up using a lot I think because the pool pump is always going the hot tub is always being heated the AC is still on making it a little colder in there the thing is in the summer it can be anywhere from 110 to 120° outside and we need to make sure it's under 90° inside or else wood will start getting warped anything that has a wood laminate will start to peel and I've also heard that it can damage drywall over time yeah I was a little disappointed that we weren't able to really make some money in the summer but that's how it turned out in total we ended up selling back $75 to the grid that today you wouldn't be able to you would get about 25% of that because I got in before that end M 3.0 deadline I'm able to sell it at a slightly higher rate you're able to sell it for the same rate you buy it for but not really because you're really only able to sell it back for the lowest rate you buy it back for so I can sell it back to them at the super off peak rate I looked at every single bill for the year and it's always pretty much being sold back at the lowest rate super off peak never really at mid peak or off peak even but is solar worth it for you honestly there's so many factors to consider first of all some places electricity isn't that expensive Washington state for example not really that worth it to get solar because electricity is really cheap there and it's also really cloudy but somewhere like California Hawaii these states where you get a lot of sunshine electricity is super expensive it becomes kind of a no-brainer as long as you're going to keep the house for a long time like if I was going to sell this house in 5 years it wouldn't really make that much sense there's also leasing solar there's financing it there's a lot to consider but I go way more in depth on the different options in the other V video I made I even interviewed my solar provider so if you're wondering like which solar might be right for you that's a better video to watch this was more to just see how mine panned out and I'm really happy with the result um I hope that you guys enjoyed watching I hope that some of you end up going solar CU it also is great of course knowing it's clean energy I charge my car with it like it's it's awesome I'll link the other video and I'll also link my solar provider if anyone wants to talk to him cuz they do solar like all over the US and hope that you guys enjoyed watching this one I'll see you in my next video bye ...
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