Historical electricity prices

[oil pan 4]

St. Louis, MO. It’s only really that high July and August. Averages about $270 across the entire year.

I’m not sure how much solar would cost me to meet my demand but I imagine it’s quite expensive.

Usually around $4 a watt for rooftop grid tied installed.

 

[Astro_Guy]

I’m not sure how much solar would cost me to meet my demand but I imagine it’s quite expensive.

Please see https://sunroof.withgoogle.com/ for an initial feasibility study.

If that looks encouraging, please see https://energysage.com/ for a no obligation set of quotations. You should expect to receive six quotes within 48 hours.

Someone suggested a price of $4 per watt installed. My system came in at $2.99 per watt in January 2024. The 30% Federal Tax Credit expires at the end of this year. I imagine that the market is very competitve right now as installers scramble for every project before that tax credit expires.

 

[BigJohn]

They are shutting down most coal fueled powered plants due to environment. They cut back on natural gas fueled power plants because of the environment. They are pushing solar unsafe solar farms ( Lith Ion storage battery fires ), they are pushing wind power ( even though the blades needs constant maintenance or replacement )...They need to get back on board with nuclear power. The technology today can make them 20X more safer than 30yr old nuc plants. That's the cheapest way to make electricity. The only problem with the nuclear, is the spent fuel rods. Put the rods in the same hole as the wind turbine blades !!!! There are acres of those blades buried in the midwest !!!!! Read an article that the 2nd most needed job nowadays are people to replace/ repair wind turbine blades. That will just raise the cost of the electric they are producing !!!!

Not the case in my area. Since the November elections, rail traffic of coal cars seems to have tripled.


...........

 

[RhondaHonda]

Please see https://sunroof.withgoogle.com/ for an initial feasibility study.

If that looks encouraging, please see https://energysage.com/ for a no obligation set of quotations. You should expect to receive six quotes within 48 hours.

Someone suggested a price of $4 per watt installed. My system came in at $2.99 per watt in January 2024. The 30% Federal Tax Credit expires at the end of this year. I imagine that the market is very competitve right now as installers scramble for every project before that tax credit expires.

I looked and it recommended a 28-36kw system. Looks like that is around $100k. I’m just not sure it makes sense for me. I earn over $4k a year on the $100k cash I have sitting in an online account which happens to be pretty close to my annual electric bill. Of course the tax credit could reduce that $100k some.

 

[Astro_Guy]

I looked and it recommended a 28-36kw system. Looks like that is around $100k. I’m just not sure it makes sense for me. I earn over $4k a year on the $100k cash I have sitting in an online account which happens to be pretty close to my annual electric bill. Of course the tax credit could reduce that $100k some.

Glad to see that you did your homework; not everyone does that. Your potential ROI looks a lot different than mine.

 

[JeffKeryk]

Can you explain how this bill works...for us folks that pay flat rates per kWh

He's on NEM 2.0, so he gets paid full retail for whatever he back-feeds the grid.

@OVERKILL is spot on; in fact he has reviewed my installation and bills. He understands it better than I do!
In a nutshell, I get 38 cents per kWh that I send to the grid, and pay the going rate for what I use, depending on time of day.
It is a bit more complicated than that, but that the jist of it. I pay a grid use fee, but that is often credited back at my annual true op.
I charge the Tesla over night during the lowest rate. These summer months, in Los Gatos (south Silicon Valley) offer a lot of sunshine, so I am "banking" generation. In the winter, days are shorter and cloudier, so I will use more than I send back.

NEM2 expired; the current NEM3 plan pays wholesale for generation. This killed solar in CA, to a large extent.
Let's just say sometimes you get lucky. I contemplated a solar project for perhaps 3 years; when the deal became compelling I pulled the trigger. I live in an area of filthy expensive energy costs and pay less than most anywhere. My plan was to get this house ready for the long term, so wifey would be set if I croaked or whatever. Even though she has more than me...

The only thing I would have done differently back in early 2018 would be to have purchased a bit larger system. But I am a cheapskate tightwad so there's that. I love my solar.