Here is a bit of very minor residential development. We just put a photovoltaic solar panel array on our house. I wanted to share it with the board because there is free money available from Rocky Mountain Power (RMP) to help put in the system. I learned about the solar power lottery run through Rocky Mountain Power last January from a Salt Lake Tribune article. There was a short application window of about 2 weeks. I had a contractor come out to my house and give a bid on the job, then they assisted in applying for the lottery. In February, I found out that I won a spot in the lottery, and would get $1.25 per Watt of capacity of my new solar system up to $5,000 from RMP. The system I was quoted for is a 3.2 kW system which will produce about 4200 kWh per year, a bit more than what I am currently using. When I won the spot, I had to put $100 down to hold my place, and was told that I had a calendar year to put in my system.
If any of you are interested in putting panels on your house, this is a great opportunity to make it more affordable. I think that Rocky Mountain Power will be running the lottery this coming year and the following 3 years for a total of 5 years. In the second year the rebate is $1.20 per watt, in the third it is $1.15 per watt etc. So it makes sense to apply sooner rather than later. I assume the application window will be about the same time--January-February.
A friend of mine also applied for the lottery, and got a spot, so the odds seem to be pretty good.
Total Cost of the System: $14,000
Reductions:
RMP Lottery 3200 Watt Capacity X $1.25 = $4,000
Federal Rebate 30% no cap =$4,200
State Rebate 25% with $2,000 cap= $2,000
Total Rebates: $10,200
Out of Pocket Cost: $3,800
So it will probably take about 5 years for me to get my money back from electricity savings, then free electricity.
Over the weekend the contractors installed my system. Below is a short video showing the panels on my roof.
• Video Link