32 Panel Photovoltaic Installation

In Hawaii we pay the some of the highest electricity costs in the nation. My average electricity bill for the past 4 years has been around $400 a month at .36 cents per Kilowatt with a monthly usage of about 1100 Kilowatts.

Today we had 32 photovoltaic panels installed that will zero my electricity bill minus a $19.95 monthly connections fee. The Electrician comes Monday to finish it but I thought I would share what it looks like to have the equivalent of a brand new car on your roof. My total install cost was $32,387 my tax credit Federal/State will equal to $19,851.

My net investment after “tax credit” will be $12,986 with a system payback of around 32 months. If I do not factor in the tax credit my payback would be 6 years 8 months.. Considering that the system is warranted to last 25 years. My minimum 25 year savings will be $120,000 if power prices do not go up a penny.

With Federal Tax credits expiring at the end of 2016 you need to move now if you are considering solar. I really got tired of being robbed by the local utility each month.

I will follow up with some pictures after the electrician finishes and show you the meter running backwards.







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Todd Cochrane is the Founder of Geek News Central and host of the Geek News Central Podcast. He is a Podcast Hall of Fame Inductee and was one of the very first podcasters in 2004. He wrote the first book on podcasting, and did many of the early Podcast Advertising deals in the podcasting space. He does two other podcasts in addition to Geek News Central. The New Media Show and Podcast Legends.

3 thoughts on “32 Panel Photovoltaic Installation

  1. I have a roof that believe it or not came with a 25 year warranty. It should last me another 10 years.. The takedown / put up fee is about 2 grand so we will cross that bridge when we need to.

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