12 July 2012

Charting out the Generation, Revenue, Expense of our PV System

I've cumulatively plotted out the revenue my PV system has generated over time as well as what I've paid on our load. I've also plotted out the microFIT payments I've received from Guelph Hydro. Note the following:

  • revenue (blue) increases relatively over the spring and summer months and slows down over the winter
  • our revenue was initaially greater than out payments, then over the first winter revenue was lower than the payments. The revenue overtook the loan payments in June 2011 and has been a net income ever since
  • our net earnings to date have been approximately $8500-$7500=$1000
  • the microFIT payments are lagging my loan payments - I've needed to keep a float in my account to cover the delay of payments
  • the time period between microFIT payments from Guelph Hydro is rather variable. The last payment in particular was delayed quite a bit and I had to put extra money in my account to cover the automatic withdrawal of the loan payments. Guelph Hydro told me they are implementing a new billing and payment system that will automate their payments. They told me they had now over 100 microFIT contracts connected in Guelph. It also tells me that Guelph Hydro is much more consistent in sending bills to me than wanting to pay me.

Revenue generated, loan expenses, and microFIT payments

3 comments:

  1. hey chris i am a fellow guelphite and am looking to do solar pv on my home. i am curious to know what you paid for your system and what rate you are getting.

    I know that the rates have dropped off drastically but I am told so has equipment costs in Ontario for then PV panels. I work in the renewable arena with Solar Thermal and Geothermal but PV is of interet to me for the age old reason of money in my families pocket

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    Replies
    1. Hi there, thanks for the note. I just sent a very long email to someone else wanting to do solar PV. Email me at "duke chris at g mail com" [no spaces, at is @, and .com] and I'll send you my post which summarizes my experience. Since it fully endorses the company that I went with, and since i try to keep this blog as unbiased as possible, I'd rather not post the content of the email in a blog post - it would be perceived as quite supportive of the company that I went with.

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    2. Just dropped you an email. Hopefully its not in your spam box. Took me awhile to see you had replied. Thanks again.

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