Reply to Why did my Pepco bill double this month?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]time to go solar[/quote]

I don’t have $30k for solar panels (or a spare $1200/ month to finance them)

This is the rub[/quote]

Solar in DC is the greatest deal for the SRECs.  My electric bill for August went up compared to last year but we are talking it was $140 vs $120.

My bills average around $40 per month with an 8MW system and I make around $3000 per year selling the SRECs.[/quote]

And how did you pay for
Your $30,000 worth of solar panels?  Did you have that sitting around in your checking account? [/quote]

NP here: yeah, we did. Actually we used SolarSolution DC and they gave us a one-year interest-free loan to pay for our $28K system so long as they can auto-debit the payment every month. Mine will be paid off at the end of this month.

My electricity bill has been $22 each month this summer (that's the minimum base charge for interconnection to the grid). Net metering allows me to generate credits with Pepco in cooler months that I then "spend down" in the summer months. But August was unseasonablt cooler than usual and even in that month I still exported net positive electricity to the grid (276kWh). We always keep our house set to 71 degrees year round. Further, the solar panels on our rowhouse roof keep our house cooler.

In July 2025 alone, my solar panel system put $750 dollars in my pocket:
1.3mWh produced x $400 per SREC clean energy credit = $520 of cash
July 2024 bill was $250 - $22 July 2025 bill for interconnection = $230 saved
$520 + $230 = $750 of cash in bank account

I already took the 30% tax credit last year, which reduced the cost of my system by $8400.

I'll have fully paid back my solar system within 3 years, tops. [/quote]

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