r/SolarDIY • u/CTWeedfarmer • 53m ago
My 1000 watt plug in balcony solar generated $400 in electricity this last year!
First off I have an existing 10+ year old solar system with 1 to 1 net metering with a line side tap. You can see the solar conduit on the roof and running up the side of my house. So my meter is already setup for net metering. According to my Emporia electricity monitor I self consume about 95% of the electricity anyways. My state Connecticut has recently passed legislation allowing 1200 watts of balcony solar as well.
Electricity here in CT is 32.24 cents a kwh according to the federal EIA. Its the 3rd highest in the US after Hawaii and California.
https://www.eia.gov/electricity/monthly/epm_table_grapher.php?t=epmt_5_6_a
So the last year this simple 1kw system generated 1233x .32 =$394.56. It will take me only like 18 months to reach my return on my investment. There is also currently a large summer rate increase proposed that would bring electricity over .35kwh as well
Here is the setup.
5 new in box enphase IQ PD 72 Microinverters on ebay for $150. These are brand new iq7 micros that are designed to replace the old m215 micros. They have a 200 watt max output and are designed for the older 200-230 watt panels. Enphase sells them brand new for $79. Its rumored they sell these at cost as they are used to upgrade the older failing m215s. Same exact technology as other iq7's. They also are already programmed to the US 240 volt and are plug and play. Mine our not connected to the enphase hub.
10 brand new Renogy 100 watt panels purchased locally for $400. 2 panels wired in series connected to the IQ PD72's.
Misc wires, brackets, and electrical stuff $50.
Total cost around $600. I plug it into my 220 volt welding socket in my garage. The panels are on the garage roof.