About one year ago, we shared in the post entitled “How We Get Paid By Our Power Company with Solar Panels” how we installed solar panels to offset our electricity bill. Ever since then, we haven’t paid a dime to the electric company. We’ve also built up a nice cushion of credits in our account to draw down when our electricity usage in the winter (due to our electric heat pump system) outstrips production. This has been a big help in reducing our monthly cash outflow, particularly helpful since Deb will be staying home to be with the baby real soon.
I made some projections at the time based on my research and the information given me by my local installer. I have one year’s worth of real-life data now to analyze, so I wanted to give you an update on how we did. [Read more…]