How I Earn Money With Solar
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- Опубликовано: 28 сен 2024
- These are my actual numbers over 12 months. I encourage anyone interested in solar to see what is available in your area and make the best decisions that work for you.
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#SOLAR #solarsystem #diysolar
I've been wanting to make this video for a while. Post any comments or questions here and I'll try my best to reply. Up next for me are some repair videos I'm working on.
You should add more panels on the other side of the roof.
Reese, Hey I love your channel. Your employment of both logic and knowledge are quite refreshing. You have a new subscriber. I appreciate your help via your TV repair vids. I'm going to attempt a repair tomorrow pertaining to lines on a damaged screen. People will often parrot that "knowledge is power" and they are wrong. Applied knowledge is power. What good is knowledge if not used to help the human condition? Thanks again and given our country's current state of deception coupled with willful ignorance I can clearly see that you are one of the good ones.
@@noway950 Thanks! Hope you can get it fixed.
@@StarWarsDroidTheory The other side of his roof does not face the equator.
I like how you constantly say "we" to include the family.😊
We are in it together!
Great video and thank you for breaking it down! Our solar production has been great in our first 3 months so looking forward to seeing where we land after 1 year.
Thanks! That’s awesome you have solar. What state are you in? And do you have 1-1 net metering?
@@FrugalRepair, also in PA. We do have net metering but not sure if it is 1-1. We do get credits with our co-op utility but I believe at the end of the fiscal year we get paid wholesale for any excess credits. Our connection fee is $33 per month but those SRECs will offset that fee since we produce more than a 1000 kw per month. Hoping to produce enough for 13 SRECs per year.
That’s great! Hopefully you can get 13
Lol A man named Steve Comisar sold a "solar-powered clothes dryer" for $39.99. Once he received the money, customers were mailed a clothes line
I live in Florida and the only thing I get is net metering. My utility charges me $35.08 regardless as a customer charge. My state doesn’t offer any certificates or anything like that
Do they offer 1-1 net metering? If so, that's at least very good.
@@FrugalRepair who do we ask about the 1 to 1 metering ??
@@jeffgilmore8901 he means that you credit for each kWh you send to the grid, but in Florida if I remember correctly, you don't get that, they you pay you way less for what you inject, then use that $ credit for what you use (which is higher price per kWh + taxes).
Keep in mind Florida is a conservative State, so don't expect good benefits like Solar or some type of incentive when buying EV or any green system.
I just cleaned my panels and saw a 26% jump in output. Granted they were pretty dirty
Sheeesh
Wow, that's a big jump. What were they dirty with? The rain usually does a good job of keeping mine reasonably clean.
@@FrugalRepair It's mostly due to the angle of the panels, I forget what the exact angles are and it's been a while since I've read about it, but apparently they should "self clean" within a range of about 10-50 degrees, supposedly any higher and rain tends to not wash dirt away effectively and I've also experinced rain keeping mine clean at a 45 degree angle, occasionally get birb poop on it and within a week it's clean again.
SREC have a sunset. You cannot sell them for Life they're only available for a few years. It would be better if you included in your calculations the cost of acquisition and installation. That would tell the real net loss story. You didn't factor in the government tax credits either. Even so, a huge net loss story.
I don’t recommend holding on to SRECs. I don’t see any reason to. I made a video about installation costs that you can check out. But overall there’s no loss in this system, it has been a great financial investment.
Hey Reese, watched this one rather late but still wanted to say it is amazing, huge fan of the work you put out!
From your experience, where would be a good place to start learning about the "4th situation" you mention, when time of use rate is at play?
Thanks! I'm not sure where a best place to learn is. I would start by looking up if your utility offers TOU rates and what they are. You can always post a new comment on a solar video and I can try my best to answer.
This is super awesome! What do you think about a DIY horizontal geothermal heating system? I think it uses so little power that it can heat a home in the winter using only the power generated by solar panels, at least during the day.
Thanks for watching! I think horizontal geo-thermal is awesome. I wish I had enough land and if so, I would do it.
Did I understand that correctly....your house uses about 20,000KWH in a year? Sounds like a lot (I'm using 11,000 in SE Virginia in a 2800SF home). We recently installed a 10.6K solar array on our roof and my area of interest has shifted a bit as I better understand our energy usage. The annual11,000KWH we used cost about $1500 total. But, looking at my Toyota 4Runner, which gets about 19MPG and I drive about 16K per year....I'm spending about $3400 on gas at $4/gallon. So the savings potential is much greater in offsetting energy usage for the car vs the house. And that's just one car. So, we have an EV on order that will soon replace my 14 year old Toyota and I'm looking forward to an earlier payoff as a result. By the way, I was totally unaware of the SREC credits until i got an email asking me to sign up shortly after the install this past April. Bonus!
Yes, about 19-20 MWH per year. We have electric heat which is a big part of it. Glad to hear you have solar and now some SRECs.
Thanks for the information. Very clear and straight forward. I'm interested in Installing my system myself. Where can I buy a good system? You have any company recommendations?
Thanks for watching! Yes, I have some thoughts for you. Can you email me? My address is on my website or on the about section.
@@FrugalRepair Sure!
Ok, so considering this . . . Where would I start on picking components or educating myself on the hardware?
I’d recommend getting my solar guide. Check video description. You can email me solar questions too.
What was the installation/setup cost?
It's all in this video: ruclips.net/video/QVanNbp6a4w/видео.html
@@FrugalRepair good ROI… nice 👍🏻
@@jbrockskill Thanks! I am planing to make an update video soon. I expect the ROI to be even better than I had anticipated because of the rise in prices for electricity.
You post is a year old and yet very apros pos to me. We are in the montains of California. We currently pay 32 cents/kWh for electricity and if we had solar, could only get 4 cents per KWH from Pacific Gas and Electric, the corrupt, price gouging, monopolist, cartel that is the overlord of electricity in Northern California. The PG&E mafia has pushed a rate hike of 13 cents/KWH through, so our electricity will soon be the most expensive in the country. Given high interest rates, we can’t finance solar right now. But soon! Thanks for the info on how your Solar credit system is set up!
Wow, that’s way higher costs than here in PA. Perhaps with the time of use rates, batteries might be a better first step. You’d have to run the numbers though.
Cheap batteries will force the energy companies to lower the electricity prices. Even without solar people can charge their batteries at night and use it during the day
That's really cool!
Yes, it’s been a great investment. Thanks for watching!
I keep asking my dad for years to get solar smh hahah
He pays the bills so he understands the value of money
@@Picklemedia he got it half a year ago ;) he could've earned them back sooner tho if he listened to me earlier
@@Gamen4Bros "earned them back sooner"?
@@Picklemedia yes. Return on Investment. Here in the Netherlands we pay 36 euro cents per kWh so it's way more worth it to get it here. U earn them back by saving money over the years
@@Gamen4Bros if solar is profitable, why isn't everyone doing it?
youbuy a lotof stuff for someone frugal , i guess we have different interpretations of what frugal means, usually i see it as a person needing to be frugal
You mean the solar panels? They have been a terrific investment currently saving/generating about $2.5k per year and I expect it to last at least 25 years.
Frugal is a relative term.
@@MizGizma it certainly is ! lol
I’m confused why is a certificates worth money?
From what I know they have value because power companies can buy them to offset the alternative energy standards they can’t meet themselves.
@@FrugalRepairBig Hedge fund trade then on the markets
What is your occupation and degree?
I studied computer engineering in college.
Holy hell 56kw!!!
I wish, my system is 15.6kw
@@FrugalRepair Oooo ok 😄, I misheard then, I thought it was 56
No problem! It would be fun to have something that big. I’m pretty sure that you qualify as a commercial enterprise if it’s more than 50kw (at least around here)
@@FrugalRepair I'm also in PA (se pa) did your electric company make you jump through any hoops or aggressive inspections to connect to the grid?
No, not really. It was pretty easy. The main issue was that the guy in charge of solar connections stopped answering emails and moved to another part of the company. I got a call about a month or two later apologizing for their delay. It wasn’t affecting just me because local solar installers were having trouble. But that was hopefully a strange timing situation kind of thing.
People who are complaining that their income is low or they deserve higher salary, they should create more value in the market. Update yourself with high income skills to be able to create more value into the market place to be paid well. a fellow creator][]][][]
LIES
If climate change was such a pressing real issue, we'd want homeowners to have these everywhere and provide massive incentive for people to get them. But without some sort of battery storage, solar and wind are fickle and a nonstarter.
They are going to make it Mandatory and you will not be able to put your own out on your roof. You will have to contract with the new renewable energy company at that time they will charge you way more than what they are charging now.
Can you install battery backup? Solar and battery backup is the dream. Completely self sustaining off the grid.
I could but 1-1 net metering is very nice and my goal isn't to be off grid. Another reason to get integrated batteries though is to have auto transfer of backup power for blackouts. Thankfully the power doesn't go out very much here.
Idk if you've heard this a billion times, but all I hear is Fred armisen.... which is a compliment:)
Lol, Thanks! I’ve heard about looking similar but I don’t know if I’ve heard similar sounding.
Wait a second you forgot the RUclips video's and sponsors that should be the real total.
We all know you don't want to talk about sponsor money or how much RUclips gave you for the views haha.
If I add that in then it’s not the real numbers for this solar system on its own.
I want to have solar😩
Hope you can get it one day and that it will make sense for your situation.
@@FrugalRepair we have it now :P
Is the true-up credit paid on a one-to-one basis? Also, between the true-up credit and SREC payouts, is there any real downside to oversizing your solar system in PA?
Our true up is in May and it’s for the wholesale rate for each kWh. So not as good as the retail rate. The downside to oversizing your system is that the power company might take away your net metering agreement. They don’t want residential customers putting in solar just to become an electrical generator. If you are making a little extra kWh each year personally I don’t think that’s an issue but if it’s a lot then you might get scrutinized.
Thanks
Can you tell how to select a solar pannel and why you select Panasonic when there are pannels more efficent than that.
There are many factors but the big reason for me was the physical size of the panel and the quality of the brand (these panels perform really well and they are a well established company).
@@FrugalRepair Unfortunately Panasonic announced they are leaving the solar panel manufacturing sector. Goodbye warranties!
These numbers only work if you paid for the system outright. I want to see it with financing.
Sorry I can’t show that. I saved up to pay cash for the system. What kind and rate of financing are you thinking?
Hi..... Thanks for your work! I see there is much to learn for me to do this size project. Because I live in Florida I feel the expense of the Battery back up might make sense. Did you leave out the batteries because you don't for see outages? Great job on making your content clear!!!
Thanks! We don’t have time of use rates or frequent outages so there really isn’t a need for us. I do have batteries but they aren’t integrated in so there’s not an automatic switch. So if the power goes out (and it’s fairly rare) I grab the batteries and extension cords and plug in the fridge and freezer and other essentials.
@@FrugalRepair I have a generator, so I wouldn't lose my food. I am excited to start. I want to do a ground structure to hold my panels. 27' x 27'
I hope you can get them. I would do a ground mount if I could but didn’t have room for it.
@@FrugalRepair I have the room in the front side yard. I will put Vibernum up in front of it. I went to the PV site you recommended and printed a picture showing approximately where I will put it. I guess I should just go down to the county and see if they permit it. Thanks for recommending the NREL site, they estimated I can generate 28,000 kwh/ year. I have no idea if that's enough to run my entire house. Do you say you had a guide for sale on this whole project. I need everything.
20.000kwh ? wow i use that in maybe 5 years. I would pay nearly 10.000€ here in germany . LOL
Yes, that’s about what is it with seven people and electric heat in an old house.
Electric heating in a colder climate / AC in summer and that's easy to get to. We use 2000kWh a month in the winter months and we are only warming up 3 out of our 5 rooms in a city sized apartment.
Would you considered doing this process again but using wind turbines and equipment that is avaible through Amazon? If you had ideal wind in your location.
i would research rly deeply for wind turbines.
Most of the turbines are not rly worth it for the amount of energy the generate (price / perfomance ratio) . Takes too long to pay them off, and they also need maintenance, so it adds up to your return to push it further down.
Its more for rly tryhard ppl who wanna go 100% offgrid.