Interesting, Eye-Opening...or maybe not.

[Creaky]

It's crazy indeed, and this is the price after the government lowered the fuel tax. If they hadn't done that it would be $12 a gallon. Big cars are taxed more and consume more fuel, making them way less attractive over here.

Good thing I'm driving an EV these days

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[russdriver]

Yea wow for the OP that's dirt cheap .11 cents per KWH.

my off peak .37 cents fully loaded.

I'm curious about where you live. I'm in PG&E service territory, with very high electricity rates. I'm on PG&E's EV2 tariff and off peak is $0.24 per kWh. Have you looked into an EV-specific rate? I'm pretty sure SCE has one as well if you live in SCAL.

 

[fpasta]

Yes I am on the regular PGE rate right now for Contra Costa County and have not yet switched to EV rates.

As a matter of fact my plan was to contact them this Friday. The rate I might be switching to is EVA-2 think. Looks like yours.

This is my first full month using L2 charging @ home @.37 cents per kWh off peak. Up until then first month I got the car I was using up my free 250 kwh down the street @ my local DCFC.

So can I ask you what proof I need to show them to give me EV rate. Copy of Car registration with of course the address where my rate will be switched. Car insurance with same address? What else?

I also bought a Grizzl E L2 charger I think that I maybe getting a rebate from them?

Thanks.

 

[fpasta]

^^^

I'm curious about where you live. I'm in PG&E service territory, with very high electricity rates. I'm on PG&E's EV2 tariff and off peak is $0.24 per kWh. Have you looked into an EV-specific rate? I'm pretty sure SCE has one as well if you live in SCAL.

 

[ElectrikPony]

If you want to be even more impressed, go solar at home. It now seems odd when filling my gas audi while watching the numbers roll by going k-Ching, k-Ching….! That’s a wad of money for decades?. I rarely drive the Audi anymore.

We have had O charging costs and zero home e bills. For the last four months. Free charging because it’s been sunny 90% of the days. One winter month was $21 for total electricity. Impressive, yes!

last month electricity bill was -4.77 for the month. 27 solar panels.

 

[guinn]

Yea wow for the OP that's dirt cheap .11 cents per KWH.

my off peak .37 cents fully loaded.

When you say "fully loaded" are you including prorated fixed costs? If so, that's not a legitimate comparison. You will pay the fixed costs even if you don't use any energy. If not, please explain. Thanks

 

[jj99]

My 7 kw installation cost $37k. There's a 30% fed government rebate. So my out of pocket was $25,900.

Now, most people look at the payback in years. In my thinking that's the wrong way to look at it. Let me explain...

My electric bill averaged $308 per month. If I eliminate that $308 per month that's an annual savings of $3,696. If you look at the payback in years it would be seven years. However, I look at it as an investment. I invest $25,900 and get back $3,696 per year. That's a whopping 13.3% return per year. Show me any SAFE investment that returns 13.3% year and I'll jump at it. In fact, I'd put all of my savings and retirement money into that kind of investment. On top of that electric prices go up over time, never down, so I save MORE as time marches on. It's a no brainer.

If your monthly electric bill is less then you'd get less of a return. But even $150/month electric bill would get a return of 7% per year if it were reduced to zero.

Likewise if you invested the $25,900 at an 8% return, and paid your electric bill with it. Suddenly not such an amazing investment, considering the solar panels will need maintenance and repairs and will eventually be worthless. Not saying a bad investment if you have the cash and plan to stay in one location, but the pays for itself match is a bogus scam angle by the solar predators.

 

[Jim Glass]

Yea wow for the OP that's dirt cheap .11 cents per KWH.

my off peak .37 cents fully loaded.

Ha ha. In GA, I pay 01.4¢ op per kWh!

 

[fpasta]

When you say "fully loaded" are you including prorated fixed costs? If so, that's not a legitimate comparison. You will pay the fixed costs even if you don't use any energy. If not, please explain. Thanks

I don't even know what fully loaded means. I was assuming that its not an isolated cost like the cost just charging the EV without any other electricity going on. Ask one one of the earlier posters. I thought it mean everything like a TV on modem/router, lights etc etc. Flat rate basically.

 

[yngwenli]

Likewise if you invested the $25,900 at an 8% return, and paid your electric bill with it. Suddenly not such an amazing investment, considering the solar panels will need maintenance and repairs and will eventually be worthless. Not saying a bad investment if you have the cash and plan to stay in one location, but the pays for itself match is a bogus scam angle by the solar predators.

There are very few guaranteed 8% returns honestly over a long period of time right now. Stocks have crashed recently as well.

For solar, everyone has to do their own math calculations. If someone uses like $50/month on power, solar at $20-$30k is probably not a good call no matter what. Someone else paying $1k/month and that's an easy call when they use $12k/year and in 2 years, they are break even.

Solar panels honestly needs very little maintenance since there are no moving parts at all. This can't be said for generators, wind turbines, etc...

Maybe you are anti solar yourself for whatever reason, but investments with high guaranteed returns don't really exist.

In SDG&E land, we see like $0.70/kWh. As THE most expensive place in ALL of America (more than Hawaii), solar is almost a no brainer in San Diego land for "most" people.

 

[MacherAWD]

There are very few guaranteed 8% returns honestly over a long period of time right now. Stocks have crashed recently as well.

For solar, everyone has to do their own math calculations. If someone uses like $50/month on power, solar at $20-$30k is probably not a good call no matter what. Someone else paying $1k/month and that's an easy call when they use $12k/year and in 2 years, they are break even.

Solar panels honestly needs very little maintenance since there are no moving parts at all. This can't be said for generators, wind turbines, etc...

Maybe you are anti solar yourself for whatever reason, but investments with high guaranteed returns don't really exist.

In SDG&E land, we see like $0.70/kWh. As THE most expensive place in ALL of America (more than Hawaii), solar is almost a no brainer in San Diego land for "most" people.

Just a note, our bill was around 70 a month, and we still got tremendous returns, in Mass you sell srecs which is half the profit. Although then we had kids, added Central and got an EV, so who knows what our bill would be now

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