2 Year of Solar Power – Was it Really Worth The Money?

Hey guys, I’m up here on my roof of my house, and we had our first official dump of snow. Today. It’s been a very warm winter, but we got a really good snowfall, really heavy stuff, and you can see that my solar panels are all covered in snow, so they’re, not really generating much power, and so I want to Just make a video kind of talking about.

I’ve had the solar system for just about two years. It’s been exactly 22 months, and so I’ve had, like you know at least one full year of using it and another more or less partial year like it got set up in.

I think it was February or yeah. I didn’t, get didn’t kick on until March the first year, and then I had that and then I had a whole other year of in 2018. And so I wanted to just talk about this solar system and how I like it, and I think, if I think it’s, really that worth it and yeah take this.

Take from this video. What you will one thing, some people ask me is hey Curtis, do you ever go up on your roof and knock the snow off your solar panels, and I did actually in the first year that I that I got it.

I did it all the time, but the thing is it’s totally, not worth the effort, because even on a day like this, that’s fairly sunny, which is quite rare in the Okanagan Valley, where I live in the winter, you Don’t really get that much power because our Sun is so low in the sky like it’s right now.

It’s about 3:30 p.m. and the Sun is very low in the sky, and so my horizon essentially goes like this around this time of year and so in the summer time these panels. This is an 11 and 1/2 kilowatt system.

So in the summertime, these are generating up to 80 kilowatts a day which is fantastic, which is way more energy than we need, but in the wintertime, even if it was a perfectly sunny day, it would really only generate like I think, nine kilowatts or something at Best, but the challenge here too, is that it’s, mostly cloudy for the winter, for at least a three months.

It’s, mostly cloudy, so even on a snowy day to come in here and and waste the effort to knock the snow off to generate ten kilowatts, the that’s. What’s that worth ten bucks at the most? It’s, just not worth the time, so I don’t bother doing it, but you know the big.

The greater question here is, is that is this may be right, for you is doing solar, something you’re considering and there’s, a variety of factors to consider. So I just kind of tell you my context. When I set this system up, I was using my house pretty much 100 % of my property here, 100 % for my farm, and so that gave me some really cool incentives to do it because it was pretty much a clean write-off for my business.

So this system is worth about $ 30,000, Canadian, and so you know to set that up with my business running here made pretty good economic sense, because it was a write-off, and that was actually my biggest incentive to doing this.

I’m. A big fan of green energy and stuff, like that, I have been for a long time and it always been a dream of mine to have solar on my house, but you don’t. Just you know to be to be really honest. Is the tax write-offs were the biggest appeal? Actually wasn’t this isn’t necessarily well.

I guess it is tax. If you’re right it and off that expense that comes off your income and then you’re, not paying tax on that income. So there was that there was also some kind of tax credits to like the government will give you money back, that they’ve already taken from you.

I’m, not a big fan of subsidies. However, since the government already takes so much from me to get some of that back was welcomed, so there was that so there’s, the write-offs, and then there was the tax incentives and now let’s.

Talk about the third thing, which is how much energy does this actually save in a year? So I’ll, just kind of dub in here, a screenshot of the last two years and so the first year, just a little over 11,000 kilowatts generated.

And then this year we’re just a little over 12,000 kilowatts generated. And if your electricity is it more expensive than you’re gonna have more incentive to do it. Unfortunately, for me, my electricity isn’t that expensive and you know what one thing is about.

British Columbia, where I live, is that we are actually a pretty green province like we have hydroelectricity that’s. That’s, the predominant form of electricity here by the huge order of magnitude, and so, if you, if you, if you’re, if you & # 39, re, really passionate about green energy and you live in BC.

Is it worth spending the money to do a solar system? Maybe not, it depends on what you you know what you value. Another thing I should say that is, is a big plus for me. Is I like the idea of being independent? I like the idea of being a net producer over a net consumer, so that’s.

Part of the appeal to me, though, there’s, not really much economic reason for it there once I explain to you how these numbers break down, but that was part of it too, knowing that if the sun is shining, I have power, no matter What’s going on at the grid? I like that.

I am actually looking at getting some battery systems set up here. I’m looking at that Tesla wall battery, in that, if there was a power outage that I would have power on my house, so I’m. Looking at that, because right now this is a grid-tied system, but so let’s.

Just talk about the numbers here, so yeah I got the right off. That was great, so, in my context, this system is is worth it, in my opinion, because of that write-off and primarily from that write-off, because if you look at the power energy I used in the first year, I only this this produced about 11,000 kilowatts and so That’s only the equivalent.

If your power, my power, is on average 11 cents a kilowatt hour, so that’s only 12, that’s about twelve hundred dollars of savings. That’s, not very much. The next year is about 1300 dollars of savings at 11 cents, a kilowatt hour at twenty twelve thousand ish kilowatt hours being generated.

So at those numbers you know in order to pay this system off so return on. Investment is over it’s over ten years, so I don & # 39. T really think that’s, actually that practical for most people, I don’t think it makes sense.

But again it depends on your context and it isn’t always about the money. You know you got to think about all these other factors. I like energy independence. I had a really good write off with it and the fact that I can generate my own energy has value to me.

So it isn’t all about the money and those are the things that that I don & # 39. T regret doing this, and I’m, still happy that it did it. I’m, actually thinking about putting more panels up, to be honest, but putting a row all my green on the top of the green house here that’s facing the Sun.

Maybe I can do one of the racks that change angles. So they go higher when the sun’s lower and lower. When the sun’s higher, but yeah that’s, that’s, pretty much it. I mean okay, here’s. One other thing to consider where you actually might where I actually might have saved more money on electricity, but it’s kind of hard to figure out, though maybe somebody who’s, an expert in solar will chime in and and say It the one place that you might save more than what I just demonstrated.

So I said let’s say in the second year I generated 12,000 kilowatts at 11 cents a kilowatt hour. Our billing is by the tier so at a certain amount of kilowatt consumption you’re at 11 cents and then at another level you’re at another.

You’re at like 15 cents. So if you’re under and I don’t know what the numbers are. If you’re under a certain one, so you could factor that in so. Yes, I’m. Saying, okay, I’ve saved twelve hundred dollars in a year.

These are all Canadian dollars. I’m talking. It might actually be more if you look at each daily consumption and if you go over that second tier, then your savings might be greater. So that is something to consider there and that might make these that could double these numbers, but let’s.

Even say it is doubled, let’s just say I saved $ 2,000. Each year over the last two years, we’re still looking at what would that be fifteen years to pay this off? So is it worth it again? It depends your context, so for me I think it was worth it because I had.

I had a combination of things that I was valuing to me: energy independence, supporting green energy. I had a really good write off there and I am getting some savings on my energy, so there was four things there that were valuable to me.

You know what are they to you, that’s? The question to ask if you want to put solar power on your house and one another actually another thing: that’s, a good benefit to me here in the province of British Columbia.

Is we have net metering so whatever energy I put into the grid, I get back at the same rate. Some states and provinces, don’t, have net metering, meaning that you are, you might be. You’re, putting energy into the grid at at low peak hours.

So when people aren’t using electricity, you’re. Putting energy at the grid and you’re, getting five cents a kilowatt hour and then, when you’re using it at nighttime or in the winter, you’re, buying it back at fifteen twenty cents a kilowatt hour, and That’s, a brutal scenario.

So, if you’re in that kind of scenario, you probably just want to be off-grid. If you were interested in this kind of thing to be to be tied into the grid, without a net metering, there’s, no economic incentive for it.

You’re, actually gonna lose money because you’re, not gon. Na get any return on your investment, so those are things to consider hope. You guys have found that helpful and we & # 39. Ll, see you in the next video [ Music, ], [, Music, ], [ Applause, ], [, Music, ], [, Music, ],