DTown3011
Well-Known Member
- Joined
- Jun 7, 2022
- Threads
- 28
- Messages
- 1,664
- Reaction score
- 2,216
- Location
- Denver, CO
- Vehicles
- Rivian R1T
That's correct, the 120% rule is old news. I wish this would have been the case when we installed - I'm in the process of adding 2 more panels and it's very expensive and not eligible for the tax credit since it's considered a repair. And now my inverter is maxed out. I highly recommend building the biggest system you can afford/have on your roof if possible. This is a good article:Xcel actually changed that rule this year and now allows you to go to 200% of historical usage. When I put my system on I was right up to the 120% limit.
Also the NEC changed and now vent stacks can be trimmed down so panels can go over them. It drives me crazy when I see solar on a house with a big space just because of a vent pipe!
Solar panels and energy production: how the 200% rule provides more flexibility for homeowners going solar (namastesolar.com)
Your bills are going to be a lot higher once charging that Rivian! Honestly, we did it for the environment. $40K seems high (much higher than we paid) but you are also going to get a 30% tax credit of the initial install and we figured it was roughly a 10-year payback. I love having a ~$25 energy bill every month which is basically a $5 connection fee and about $20/month in gas.I just can't get over the hump on solar yet. My home was built in 2018 and my electric bill averages $150 a month...now that doesn't yet include charging my Rivian...it's a very energy efficient home.
That's almost a 20 year payback period at a roughly 40k install cost...I'm all in once the payback comes close to 10 years give or take.
I might be thinking of this incorrectly. I apologize for my basic understanding but would love some enlightenment from the group (no pun intended).
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