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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] 8 MW system was only $20k and then there was a 28% tax credit, so received a little more than $5k back on taxes. Yes, I paid from my checking account…but my Pepco bill dropped by $1200 per year and I make $3000 in SRECs, so the payback period was less than 4 years and now all of this is profit.[/quote]
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