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The Water Cooler
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Solar Panels for the home - school me - why isn't everyone doing it?
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<blockquote data-quote="SoonerP226" data-source="post: 4023816" data-attributes="member: 26737"><p>What you're describing is what OEC calls Net Metering, and it's only "cents per KWhr" because that's what their retail rates are. Under Net Metering, they're buying your excess electricity at the same price they would've charged you for it--unless the amount you generate exceeds the amount you consume for the billing cycle. In that case, the excess is credited to you at the "avoided energy cost" rate, which is set by the Western Farmers Electric Cooperative (OEC's electricity supplier).</p><p></p><p>So, basically, if you use 1000kWh in April, but you generate 1200kWh in that same month, you'll get charged $0 for the electricity, and they'll credit you the avoided energy rate for the extra 200kWh.</p><p></p><p>ETA: according to WFEC, the avoided energy cost is currently $0.02327/kWh, so they'd credit you with $4.65 for that extra 200kWh.</p><p></p><p>If your system exceeds 300kW of generation, or you're generating more than 125% of your peak load, they'll install a second meter and buy your excess at wholesale prices. I think their reasoning is that anyone who's generating that much excess is trying to be in the business of selling electricity, and they're not going to buy something at retail when they normally buy it wholesale (and, as a coop member, I agree with that).</p><p></p><p>FWIW, here's OEC's FAQ on the subject:</p><p>[URL unfurl="true"]https://okcoop.org/renewable-energy-faqs/[/URL]</p><p></p><p>Also FWIW, my late father had solar installed not long before he passed. I don't know the name of the company he used, but I would tell you to avoid them like the plague if I knew who they were. I don't know what possessed him to make that deal, but they were some slimy sonsabeeches. They were supposed to give him some kind of rebate (my dad was an engineer, and very good with numbers and finances), and he had to hound them over it--and when they finally sent him a check, it bounced. The sales rep did finally make it right, but it was far more trouble than it should've been.</p><p></p><p>It is nice to look at the graphs on a sunny day and see that the system is generating more electricity than it's drawing from OEC, but I just don't see how the economics of it could possibly have worked, other than for the installers...</p></blockquote><p></p>
[QUOTE="SoonerP226, post: 4023816, member: 26737"] What you're describing is what OEC calls Net Metering, and it's only "cents per KWhr" because that's what their retail rates are. Under Net Metering, they're buying your excess electricity at the same price they would've charged you for it--unless the amount you generate exceeds the amount you consume for the billing cycle. In that case, the excess is credited to you at the "avoided energy cost" rate, which is set by the Western Farmers Electric Cooperative (OEC's electricity supplier). So, basically, if you use 1000kWh in April, but you generate 1200kWh in that same month, you'll get charged $0 for the electricity, and they'll credit you the avoided energy rate for the extra 200kWh. ETA: according to WFEC, the avoided energy cost is currently $0.02327/kWh, so they'd credit you with $4.65 for that extra 200kWh. If your system exceeds 300kW of generation, or you're generating more than 125% of your peak load, they'll install a second meter and buy your excess at wholesale prices. I think their reasoning is that anyone who's generating that much excess is trying to be in the business of selling electricity, and they're not going to buy something at retail when they normally buy it wholesale (and, as a coop member, I agree with that). FWIW, here's OEC's FAQ on the subject: [URL unfurl="true"]https://okcoop.org/renewable-energy-faqs/[/URL] Also FWIW, my late father had solar installed not long before he passed. I don't know the name of the company he used, but I would tell you to avoid them like the plague if I knew who they were. I don't know what possessed him to make that deal, but they were some slimy sonsabeeches. They were supposed to give him some kind of rebate (my dad was an engineer, and very good with numbers and finances), and he had to hound them over it--and when they finally sent him a check, it bounced. The sales rep did finally make it right, but it was far more trouble than it should've been. It is nice to look at the graphs on a sunny day and see that the system is generating more electricity than it's drawing from OEC, but I just don't see how the economics of it could possibly have worked, other than for the installers... [/QUOTE]
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