Six years ago, at the end of April 2014 (wow, that feels so long ago), we turned on our solar panels and started generating power. Every spring since then, I’ve written a post sharing how our little power station is doing (you can see the panels on the right side of the lower barn roof in the photo above). This year, our solar-versary beamed right by without me noticing. (Can’t imagine what else would have been on my mind.)
So today I’m getting caught up.
If you need to get caught up, here are all of the previous updates and other details:
- The Ontario microFIT solar program and our application process
- Installing the solar panels and connecting to the grid
- Our solar panels by the numbers
- Year 1 update
- Year 2 update
- Year 3 update
- Year 4 update
- Year 5 update
Over the last year we spent $2,683.97 on electricity (this is our lights, pump, heat, fridge, stove, etc.). And we made $4,349.94 from the solar panels (we’re hooked into the grid, and the province pays us $0.396 per kWh). Yay to coming out ahead.
Last year we finally crossed the halfway point in making our investment back–over the previous 5 years we had made 56% of what we invested in installing the panels ($40,727.46). Now we’re passed the two-thirds mark–$27,127.69 or 67%.
More than ever, I am grateful that we invested in these solar panels. Our finances have obviously changed since Matt’s death. Having the money from the solar panels and knowing it will cover our hydro costs is a comfort.
And even though I focus on the financials in this update, I strongly feel solar panels are the right choice for the environment, and I’m glad that we were able to take this step.
Does anyone else track their utility bills and compare each year? How are you “going green” at your house?