Big house news to share, and I am GEEKING OUT!
I probably mentioned way long ago that we really really REALLY wanted to install solar panels when we renovated the house, but it just didn’t fit in the original budget. We figured it would be one of those way-off-in-the-distant-future projects. But then, thanks to a Facebook post by Matt Grocoff, I became aware of the MI Solar Works program administered by a local non-profit, the WARM Training Center. From their website: “MI Solar Works is a state-wide initiative to solarize 6,000 Michigan homes and businesses by the end of 2014 as part of the Department of Energy’s “Race to the Rooftops” national challenge.” Basically, my understanding is that if enough people are interested in solar panels within a given metro area, they can provide low “bulk rate” prices for the panels and installation. Of course I immediately signed up, but was told that they didn’t yet have enough interest in Ypsilanti. Wop wop.
But then, on July 31, I received an email that they’d hit the quota for Ypsilanti! They’d also already done a Google assessment of our rooftop to make sure it was suitable for solar (the side that faces the river is just a few degrees off from due south). The next step was for me to send our latest electric bill, so that they could assess how many panels we would need.
[Incidentally, apparently our local
evil monopoly power company has been able to impose regulations on the number of solar panels people can have. We are only allowed to install enough to cover our average monthly usage. Even if we wanted to buy more ourselves – and pay to have them installed – TO PRODUCE EXTRA CLEAN SOLAR ENERGY that would go back on the grid, we wouldn’t be allowed to. REALLY, DTE? I would love to hear their attempt at a non-evil justification of this steaming pile of horse shit.]
Anyway! Here are the numbers, in case anyone is curious. Turns out we use about $70 in electricity per month. This is perfect, because one of the standard sizes for solar installation covers about $72/month in usage. This is a 4.87 kW system, for which the array will be about 400 sq ft. We’ll likely produce “extra” energy in the summer, which will go back on the grid and we’ll get credit, which we can use if we’re short in the winter.
Here is a financial summary. The total cost is nearly $14,600 (ouch!), but there is a 30% tax credit, bringing the cost down to about $10,200. MI Solar Works is partnering with Michigan Saves to finance all or part of this amount, and no down payment is required. If we finance the entire amount, our monthly payments would be in the ballpark of $160 over 10 years. We will probably put some money down to reduce the monthly payments a bit, but we’re still figuring out what the best approach is for us financially. In any case, though, it is much more affordable than we ever thought it would be, and we are so excited! We have someone coming this afternoon to check out our roof and meter, and let us know about the next steps.