Tuesday, March 12, 2019

Going Solar - The Second Year

As I begin the second year of solar ownership, shown below is a table with a summary of my HEL payments, as well as payments to my electric company, JCP&L.  Also shown as credits, are the amounts I receive from the sale of the SREC’s generated from the solar array.  As before, this post will be updated periodically to reflect these payments and credits as they happen.  Note that thus far, the solar array has required absolutely zero maintenance.

Date
HEL payment
JCP&L 
SREC’s
Total Solar Payments
Mar. 11, 2019
$148.45


       $148.45
Apr. 2, 2019
     
   $8.50

       $156.95
Apr. 10, 2019
$148.45


       $305.40
Apr. 29, 2019

$2.83 (connection fee; 219 kWh credit)

       $308.23
May 4, 2019


–$224.00
         $84.23
May 10, 2019
$148.45


      $232.68
May 31, 2019

$2.83 (413 kWh credit)

      $235.51
June 6, 2019


–$220.00
        $15.51
June 10, 2019
$148.45


      $163.96
July 2, 2019

$2.78 (866  kWh credit)

      $166.74
July 8, 2019


–$220.00
      –$53.26
July 10, 2019
$148.45


        $95.19
Aug. 1, 2019

$2.78 (828  kWh credit)

        $97.97
Aug. 5, 2019


–$222.00
   –$124.03
Aug. 10, 2019
$148.45


        $24.42
Aug. 30, 2019

$2.78 (726  kWh credit)

        $27.20
Sept. 7, 2019


–$224.00
   –$196.80
Sept.10, 2019
$148.45


     –$48.35
Oct. 2, 2019

$2.78 (660  kWh credit)

     –$45.57
Oct. 5, 2019


–$222.00
   –$267.57
Oct. 10, 2019
$148.45


   –$119.12
Nov. 1, 2019

$2.78 (810  kWh credit)

   –$116.34
Nov. 10, 2019
$148.45


       $32.11
Nov. 21, 2019


–$217.00
  –$184.89   
Dec. 2, 2019

$2.78 (803  kWh credit)

  –$182.11

As before, I have listed how fast I am accumulating solar renewable energy certificates (SREC’s; 1 SREC for every 1000 kWh’s generated), which are listed in the table below.

Date kWh
Observed
Date
kWh
Recorded
in GATS
Date SREC
Received
kiloWatthrs (kWh)
Total # of SREC’s
Sold price
Date SREC
check received

3/10/19

        8602



3/24/19


        9016




4/10/19

        9510



4/29/19


      10000





4/30/19
      10024
      1
$224.00
5/4/19

5/10/19

      10242





5/31/19
      10840
      1
$220.00
6/6/19
6/4/19


      11020




6/7/19

      11092





6/28/19

      1
$220.00
7/8/19
7/7/19


      12034




7/11/19

      12151





7/31/19
      12822
      1
$222.00
8/5/19
8/6/19


      13007




8/11/19

      13179





8/31/19
      13735
      1
$224.00
9/7/19
9/11/19
9/11/19

      14013





9/30/19
      14525
      1
$222.00
10/5/19

10/11/19

      14727



10/24/19


      15000




11/7/19

      15219





11/14/19
      15349
      1
$217.00
11/21/19

Starting this month (Nov. 2019), PJM Energy Information Services, Inc. has started issuing SREC's five days after enough kWh are submitted to your pjm-eis account.  So it's now a little faster to monetize your SREC's, which is a positive development.

I'd also like to thank those people who took the time to post kind remarks under the "comments" section.  It is my hope that people who are considering solar (particularly in New Jersey) will find this information helpful.  If you're just checking in from another part of the country or from another country to get an idea of how much electricity a given set of solar panels will generate, keep in mind that your results will vary depending on the solar potential of your location (of course, for optimal performance solar panels should not be shaded by tall trees or buildings).  For a map of the Dept. of Energy's solar potential map for the lower 48 states, see https://www.energy.gov/maps/solar-energy-potential.