Browse Tag: Solar Energy

Solar Energy Update: Our First Withdrawal From The Bank

Solar Power
ROMT Solar Production (YTD 2017)

As the days got shorter this fall, the amount of power produced by our home solar energy system has been decreasing.

This isn’t surprising – it’s simply a matter of science!

That said, the drop off has been dramatic. Our solar production for November was half of what we produced in October, and less than 30% of what we produced in August, which was our peak month so far.

With the days still getting shorter for another week and a half, science says that our power production for December will be even lower!

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Solar Energy Update: Another Tiny Electric Bill!

Home SolarWith October now in the books, we have another month of data on our electric bill following our installation of solar panels in June.

The great news is that for a fourth consecutive month, our electric bill was as low as possible. We generated enough energy that all we had to pay for were the daily cost to connect to the power grid, in addition to some mandatory fees. In our state, these expenses cannot be offset by solar energy credits.

That said, the year over year improvement in our electric bill was the smallest we have seen to date. After saving more than 90% on energy compared to last July, August, and September, our bill shrunk by just 84% in October.

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Solar Energy Update: Our Rapidly Shrinking Electric Bill!

Solar PowerAs the months go by, I am increasingly optimistic our family’s decision to install solar panels earlier this year will ultimately be categorized as a Smart Financial Decision.

For the month of September, our electric bill dropped by 93% relative to 2016! That follows declines of 91% in July and 95% in August!

Those results are as good as could be expected, and given recent  rhetoric out of Washington, the timing of our purchase may have been just about perfect. In late September, the U.S. International Trade Commission ruled that inexpensive foreign solar panels have had a negative impact on domestic manufacturers. This decision opened the door for President Trump to consider imposing a tariff on imported solar panels. The Solar Energy Industry Association believes higher tariffs could eliminate over 80,000 U.S. jobs, while another estimate claims tariffs could increase the cost of residential solar energy systems by 15%. Continue Reading

Solar Energy Update: Another Bill Bites The Dust!

Solar PowerThe ROMT family is now over two months into our solar energy adventure, and the results continue to impress as we move down our path towards financial independence!

For the month of August, our electric bill dropped by 95% from last year! This followed a 91% reduction in our electric bill for July!

Part of the improvement in August was driven by the fact we used a lot less power this year compared to last year. It was much cooler in our area this August, so the central air had to work a lot less, and I’m hopeful our recent move to LED lightbulbs throughout the house is also paying early dividends.

All in, we used almost 30% fewer kilowatt hours of electricity this August relative to last August. Continue Reading

The Solar Payoff: Our Electric Bill Fell By 91%!

Solar EnergyWe recently received our first monthly power bill since we decided to install solar panels on our roof.

As I posted previously, we did not expect our electric bill to actually go to zero.

But our results were pretty much as good as we could have hoped!

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The Hidden Costs Of Solar Energy

Solar EnergyLast month, I wrote a series of articles about our decision to purchase a home solar energy system, and my belief it will ultimately help us on our path towards financial independence and early retirement.

The first post outlined our decision-making process.

The second post discussed our solar installation.

And the third highlighted the initial performance of our solar panels.

Today, in an effort to share some additional information on the topic, I want to identify some of the potential hidden costs to going solar I found useful to consider, even though they didn’t show up in the quote from our local solar energy company or most of the research I did on my own.

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