[Originally posted July 2, 2015]
Happy Repower homeowner Fred Lee went solar a year ago. Yesterday, he emailed us the numbers on his ROI in Solar. Here is what he wrote:
Subject: PGE True-up on our one year of solar cells
PGE has just released the "true-up" on our one year of our solar cells use.
Last year, before installation of the solar cells, we paid PGE over $5550 for use of electricity.
The True Up total electric use was $452.20, i.e., our total electric use cost during the past year compared to solar cell generation was a negative $452.20. Therefore we have saved about $6,000 last year as a result of solar cell generation and our reduced rate of electricity use.
During the past year, we paid $210/month on the Yolo Federal [Credit Union] loan that enabled us to purchase the solar cells. We also saved about $11,000 in our 2014 federal tax credit due to the solar cell purchase.
Thanks for all your help in obtaining our solar cells.