Not bad, considering we just came out air-conditioning season...
Friday, October 24, 2014
Thursday, October 23, 2014
and an electrician to install it.
It's not the most glamorous thing I've ever seen. I was hoping for something high-tech, but it looks like something from the sixties*. Oh well, no matter. It only cost $685, installed. It'll pay for itself in half a year, tops. I've already let my SREC broker know that we're getting back into the SREC business. We'll have to make a modification to our account, I suppose, and then I'll have to figure out where to enter the meter readings. Then we'll be back in the clean energy market.
* On the other hand, I'm something from the sixties myself, 1963 to be exact, so who am I to complain?
Tuesday, January 15, 2013
So who wins in the new scenario? Installers and electricians stand to benefit, I suppose. I chose not to spend the money on new equipment, mostly because SRECs are near worthless right now and it would take nearly a year just to break even. But I'm sure some people will make the investment.
The SREC brokers? I'm not sure. There will probably be fewer SRECs to broke. On the other hand, if that's the case, then that makes SRECs more valuable, I'd think, so commissions would be bigger. It's probably a wash for them, at best.
The big power companies that are required to purchase the SRECs? If what I said above is true, I'd think they'll have to pay more per SREC now. Not more than they were two years ago, though, when they were going for ten times what they go for now.
So, after two minutes of deep reflection, I don't see any obvious winners here as a result of the New Jersey Board of Public Utilities (NJBPU) decision to require the new equipment. Anybody else have an idea? Why did they do this?
Friday, December 14, 2012
They replied that the new meter is "in addition to the electric meter installed by the local utility to measure the home or business' electric consumption." (that's a quote from the NJ BPU declaration).
They added that "if the meter you are speaking about is your utility net meter, then it is not sufficient to meet the requirements of the NJ BPU mandate."
I dunno', I guess I'm supposed to feel like an idiot, but I just don't. This shouldn't be so complicated, but I still haven't seen a simple explanation as to what equipment is needed in order to continue to accrue SRECs. After asking various questions of various people I'm now satisfied that my setup doesn't cut the mustard,
A simple paragraph and maybe a schematic or diagram showing what is needed and where it fits into the existing system would do wonders to clear this up for me and the dozens of blog readers that are e-mailing me. Part of the problem is that there really isn't an advocate for the small solar producers, somebody who has a stake in getting this message delivered clearly.
Thursday, December 13, 2012
Here are the two lists on that page. I'm inferring that the New Jersey Board of Public Utilities (NJ BPU) is saying that if it's approved on one of these lists, it's good enough for them. It might be worth a few minutes to look. Maybe your meter is good enough:
New York State Department of Public Service
My meter (General Electric I-210+C, installed by PSE&G on July 25, 2012) is marked as "approved" on the New York list but as "not approved" on the California list. I just e-mailed my broker about it, because they seem to be the gatekeeper here, but I don't have much hope. I already annoyed the hell out of them a couple of weeks ago and was finally told that my meter doesn't meet the standard. I just figured that now that I'd seen a list, I'd ask again and point the list out.
Monday, December 3, 2012
So at least we know what we're dealing with. Another way to express the amount would be "About seven SRECs worth..."
Friday, November 30, 2012
And why isn't my meter good enough to report power generation when it is deemed perfectly fine for reporting and billing me for power consumption? What's wrong with this picture?
But I did get the word from my broker that my net meter isn't good enough. With the abysmal rates that SRECs are selling for, I've decided not to invest any money in buying a new meter. Besides the cost, it would be a bureaucratic clusterF to
1) Identify a suitable meter.
2) Explain this mess to an electrician and get a price.
3) Get any needed approvals.
4) Hope my broker agrees that it's good enough (they don't seem to have a list of acceptable ones).
For those of you who read this blog regularly, you know how these things work. It takes so much time just to explain questions and issues even before anybody starts trying to resolve them.
I'm disappointed about this. Loss of SREC income will shove back my payoff date even further into the future (although the plummeting value of the darn things had pretty much already done that). I feel like I've been shafted by the New Jersey Board of Utilities, who let me install a system and then decided to implement this drastic change.
The various authorities and entities have screwed this up royally. I'm feeling rather cynical about the whole thing right now.