Ford cuts prices of F-150 Lightening by 7-16%.

[alarmguy]

People around here have likely made some pretty sound financial decisions or they wouldn't be here.

That can be said about any state/place in the country or world for that matter.

 

[JeffKeryk]

That can be said about any state/place in the country or world for that matter.

You might be surprised...

 

[weaponoffreedom]

1. Tesla batteries last a long time, 200K is not unreasonable. I am planning on buying another within a 1 year time frame. Going forward, I will continue to charge at home the high percentage of the time.
2. My solat panels are warranted for 25 years.
3. I have a 20 year NEM 2 agreement.

I showed you the numbers in support of my post. You can choose to accept them or continue to make stuff up. Your call.

You are correct.

 

[wemay]

At a dealership near me...

Searching from "price low to high"


https://www.metrofordmiami.com/VehicleSearchResults?search=new&make=Ford&model=F-150 Lightning

 

[weaponoffreedom]

I also wonder what the increase in homeowners insurance premiums will be?

Since we are going down that road.......which is a great point by the way.

Lets suppose for a moment that we all drank the solar fruit punch, or lets say half of the country.

So 50% of the population would be feeding their solar power into the grid, at least what they did not use........would that mean also that energy companies would basically lose 50% of their customers and thereby 50% of the revenue? It would seem to me that this would not be in their interests. And if so, supposeing they lost 50% of their customers, would they have to charge twice as much per KWH?

Question is: would this be allowed? I think not.

The solar "savings" will somehow come to bite some in the ass, at least when it starts digging into big energy companies profits.

 

[Torrid]

At a dealership near me...

Searching from "price low to high"


https://www.metrofordmiami.com/VehicleSearchResults?search=new&make=Ford&model=F-150 Lightning

View attachment 168098

They want $71k for the one at my local dealer and it's a used 2022 with less than 5k miles. It's just a hard sell at that price. It would be different especially as a truck if it was comparable to the ICE versions. A Lightning Platinum price puts you in a regular fully loaded Limited. As much as I love EVs if I needed a truck and wanted top of the line, I'd rather have the 450hp twin turbo Ecoboost 3.5 Limited. That's a beautiful truck. I would honestly like the Lightning more if it looked more like the regular F150 trims. I think the front light bar makes it look cheap.

 

[JeffKeryk]

Since we are going down that road.......which is a great point by the way.

Lets suppose for a moment that we all drank the solar fruit punch, or lets say half of the country.

So 50% of the population would be feeding their solar power into the grid, at least what they did not use........would that mean also that energy companies would basically lose 50% of their customers and thereby 50% of the revenue? It would seem to me that this would not be in their interests. And if so, supposeing they lost 50% of their customers, would they have to charge twice as much per KWH?

Question is: would this be allowed? I think not.

The solar "savings" will somehow come to bite some in the ass, at least when it starts digging into big energy companies profits.

Excess solar generation goes to the energy companies at a very low cost. They sell it at market price netting huge margin.

 

[OVERKILL]

Excess solar generation goes to the energy companies at a very low cost. They sell it at market price netting huge margin.

Yours doesn't, nor does the power from anybody on NEM 1/2. NEM 3, yes, they get it for market rate.

 

[weaponoffreedom]

Excess solar generation goes to the energy companies at a very low cost. They sell it at market price netting huge margin.

Once again, missing the point, but ok.

Any thought to the income you recieve by "selling" your solar?

Do you give the power the company for free?

 

[JeffKeryk]

Once again, missing the point, but ok.

Any thought to the income you recieve by "selling" your solar?

Do you give the power the company for free?

What is your point?
I made the solar investment based on an expected ROI. It has been better than I figured due to several things, including increasing energy prices and the addition of the Tesla.

PG&E gives me credits for excess solar, but there are "Non Bypassable Charges" which run about $25 per month. It is not dollar for dollar.
I can reasonably expect to net more than $100K over the lifetime of my solar project. Time will tell.

 

[JeffKeryk]

Yours doesn't, nor does the power from anybody on NEM 1/2. NEM 3, yes, they get it for market rate.

My understanding is PG&E annual true up pays at wholesale, something like .03 per kWh.
Otherwise I could double up on my generation and become my own power company.

Do you know about that?

 

[OVERKILL]

My understanding is PG&E annual true up pays at wholesale, something like .03 per kWh.
Otherwise I could double up on my generation and become my own power company.

Do you know about that?

If you look at your bill, your export to the grid is at retail. The big change with NEM 3 is that this is no longer the case, exports to the grid are at wholesale ($0.04/kWh).

So, if I look at the bill you sent me, which I won't share here, but I can take a snip of it if you like and do so, with your permission:
On peak, you used: 157.738kWh @ $0.391/kWh
Off peak, you used: -353.831kWh @ $0.37373/kWh (you exported)

Then you have your "baseline credit", which is basically the diff of your total consumption, 384.382kWh and your total generation, -580.476kWh, which yields -193.093kWh, which comes out of your 315kWh "baseline allowance", which is a lower cost base supply amount designed to help people out, billed at 0.09018/kWh, but because you exported your baseline allowance, it reverses and becomes a charge of $17.68.

Nowhere in there are you receiving wholesale.

Your true-up, which is calculated at the end of the period, is what you would owe if you weren't a net exporter. On this bill, because the total was -$0.35, your true-up charge was $0.00.

 

[JeffKeryk]

If you look at your bill, your export to the grid is at retail. The big change with NEM 3 is that this is no longer the case, exports to the grid are at wholesale ($0.04/kWh).

So, if I look at the bill you sent me, which I won't share here, but I can take a snip of it if you like and do so, with your permission:
On peak, you used: 157.738kWh @ $0.391/kWh
Off peak, you used: -353.831kWh @ $0.37373/kWh (you exported)

Then you have your "baseline credit", which is basically the diff of your total consumption, 384.382kWh and your total generation, -580.476kWh, which yields -193.093kWh, which comes out of your 315kWh "baseline allowance", which is a lower cost base supply amount designed to help people out, billed at 0.09018/kWh, but because you exported your baseline allowance, it reverses and becomes a charge of $17.68.

Nowhere in there are you receiving wholesale.

Your true-up, which is calculated at the end of the period, is what you would owe if you weren't a net exporter. On this bill, because the total was -$0.35, your true-up charge was $0.00.

You have explained month-to-month; I understand that. That's not true up.

True up is calculated once, annually. At that time you either owe at market rate or are reimbursed at wholesale. That's my understanding.

 

[OVERKILL]

You have explained month-to-month; I understand that. That's not true up.

True up is calculated once, annually. At that time you either owe at market rate or are reimbursed at wholesale. That's my understanding.

Here's what it says about True-up:

Note that it says it's calculated each month.

For the period in question, which I noted in the previous post, the true-up amount was $0.00 because you had a net credit.

The NEM charges in question are:
1. Your NEM summary from page 6, which is the -$19.15 which is the netted components I discussed in the post you've quoted
2. The minimum delivery charge, which was $10.44

If your system was a lot smaller and you were a NET consumer, your NEM charges would be a positive figure every month, so you'd have a bill, rather than a credit. In this case, if the amount you paid in NEM Charges exceeds the cumulative Delivery Charges, the Delivery Charge is credited. If it was only a little smaller, that bottom box there would have a positive figure in it, and that would accrue over the true-up period and that's what you'd owe at the end of the year.

 

[OX1]

And in 44 years odds are Bob is going to be replacing or upgrading those solar panels, at least once, possibly twice. Notice I didn't mention a roof. Even if we factor out the roof, Bob is going to pay more for it because the panels have to come down to do the roof, even if Bob bails on solar. This old timer doesn't have that much time to breakeven, let alone make a profit.

I don't think anyone has added in the transfer of now being your own "power company".
ANYTHING that goes wrong with your personal "power generation plant", is now your problem to deal with.
Even if it is just setting up warantee work for free on components. Still have to deal with it.

 

[JeffKeryk]

Here's what it says about True-up:
View attachment 168158
Note that it says it's calculated each month.

For the period in question, which I noted in the previous post, the true-up amount was $0.00 because you had a net credit.

The NEM charges in question are:
1. Your NEM summary from page 6, which is the -$19.15 which is the netted components I discussed in the post you've quoted
2. The minimum delivery charge, which was $10.44

If your system was a lot smaller and you were a NET consumer, your NEM charges would be a positive figure every month, so you'd have a bill, rather than a credit. In this case, if the amount you paid in NEM Charges exceeds the cumulative Delivery Charges, the Delivery Charge is credited. If it was only a little smaller, that bottom box there would have a positive figure in it, and that would accrue over the true-up period and that's what you'd owe at the end of the year.

Yes, the zero number is "YTD Estimated" based on current running sum, not the annual actual.
The annual True Up is a running sum for 12 months, based on the month you switched on solar. In my case "True-Up Statement" is each March. At that time, I pay market for excess use and receive wholesale for excess generation, usually as a bill credit. Each April the charges and credits reset.
Here is the true up of my March 2023 statement; you can see the $4 NEM charge.
Again, with your help I have come to better understand NEM2. The solar investment has turned out to be pretty good, so far anyways.
I am thinking I should have spec'ed a slightly bigger system, as I hate true ups. And based on conversations at the Costco Sunrun kiosk, many owners are paying the price for undersized installations.

 

[alarmguy]

I checked a local Ford dealership's website yesterday - the Lightnings started at $82K and went up to $124K. Sales taxes would add 12%. C$, but that's what my savings are in.

Sales tax in South Carolina $500 USD

 

[alarmguy]

Yes, the zero number is "YTD Estimated" based on current running sum, not the annual actual.
The annual True Up is a running sum for 12 months, based on the month you switched on solar. In my case "True-Up Statement" is each March. At that time, I pay market for excess use and receive wholesale for excess generation, usually as a bill credit. Each April the charges and credits reset.
Here is the true up of my March 2023 statement; you can see the $4 NEM charge.
Again, with your help I have come to better understand NEM2. The solar investment has turned out to be pretty good, so far anyways.
View attachment 168165

You really dont use much electricity there. Your highest month (07/09/22) was 539 kWr? If I am reading this correctly. Which is quite possible I am not, not even sure what I am looking at, some kind of summary.

That would cost @ .10 kWr here $54 actually the service charge you take a hit out of by using so little because on to that one has to add another $36 Base charge ect, so the full cost of your highest use there would be $90 for the month here. I guess the weather is cooler over there and you open your windows?

 

[JeffKeryk]

You really dont use much electricity there. your highest month (07/09/22) was 539 kWr? If I am reading this correctly. That would cost @ .10 kWr here $54 actually the service charge you take a hit out of by using so little because on to that one has to add another $36 so the full cost of your highest use there would be $90 for the month here. I guess the weather is cooler over there and you open your windows?

I am a cheapskate. Remember, I used to be broke, homeless and drunk. I NEVER wanna be that way again.
Los Gatos is the hottest part of Silicon Valley, until you go south to the Gilroy area. I insulated the heck outta my house and during the solar installation the new roof got high end insulating shingles. Ceiling fans help a lot.
Consumption is one thing; I focus on what I pay. CA energy prices are crazy, as you know.
As of today, my recurring costs are pretty minimal, but it took a long time to get here. Did I mention I am a cheapskate?

 

[OVERKILL]

Yes, the zero number is "YTD Estimated" based on current running sum, not the annual actual.
The annual True Up is a running sum for 12 months, based on the month you switched on solar. In my case "True-Up Statement" is each March. At that time, I pay market for excess use and receive wholesale for excess generation, usually as a bill credit. Each April the charges and credits reset.
Here is the true up of my March 2023 statement; you can see the $4 NEM charge.
Again, with your help I have come to better understand NEM2. The solar investment has turned out to be pretty good, so far anyways.
I am thinking I should have spec'ed a slightly bigger system, as I hate true ups. And based on conversations at the Costco Sunrun kiosk, many owners are paying the price for undersized installations.
View attachment 168165

I don't see any mention of market, I see it functioning just as I described

The billing period I was using, that's your April 19th, 2022 one there, on the top. That -$19.34 was derived from you being paid $0.37373/kWh, not market.

Your NEM charges total $131.94, because there are several months there where you consumed more than you exported.

Per the section I quoted, since your NEM charges exceeded the Minimum Delivery Charge, you are then credited the minimum delivery charge, which almost completely wipes out the $131.94, leaving you owing $4.37.