11/18/2017
Gregory Dubell. This has zero to do with getting quotes. This is for home owners or contractors to learn how to do self installs and become connected to the RI Renewable Energy Growth Program. Three installers quoted our roof at an average of $36,000. The self install with a system that is 20 to 25% more efficient was only $14,000 including paying friends to assist. Since the install we've averaged a check of $351 a month from National Grid. There was also a 30% federal tax credit for a net cost of only $9,800. This seminar teaches everything needed to be able to do it and get grid connected.
Mike O'Brien
Peter do you still receive a regular bill from N Grid? Just wondering if you net that or the difference from income versus bill? Also do you receive the $8K rebate?
Peter Cummings
Mike O'Brien we still receive a National Grid bill. It is partially paid from what we generate and partially a cash payment. We have made an average of $351 per month since the system went live. Our electric bills have averaged $43. Part of the bill, and it varies, gets paid from our generation. Let's say that's $25. That means we pay National Grid $17 for that month and they pay us $326 cash, $351 minus the $35 bill credit. These are averages as everything changes month to month. If by grant you are referring to the money from RI Commerce the answer is no. If that program is utilized you must do net metering. With net metering there are no monthly checks. In our case our contract is 180 months. At $350 a month for us the RI Renewable Energy Growth Plan is worth $63,000 to us. A far larger sum than the grant money and monthly bill reduction seen with net metering. The seminar explains ALL of the specifics on these topics. Thanks for the question Mike
Mike O'Brien it should also be mentioned that we are making money even on the solar we are using. National Grid is pay up 37.65 cents for every Kilo Watt Hour of electricity we produce. We pay for what we use at regular rates which has been around 15.3 cents per kwh with all surcharges, fees, taxes etc included. So even on what we use we are still making 20 cents per kwh. All excess is paid at the full 37.65.
