Wednesday, March 24, 2010

It Was a Great Day for Making Energy

This had to be one of our best power-cranking days ever (I don't know for sure because my computer recently crashed and I lost a lot of records).

This morning at 8:00 the electric meter read 17,915. At 6:00 p.m. it read 17,865. That means we generated a 50 kwh surplus. I'll bet we cranked out 60 kwh today.

It also means that despite a cloudy, snowy winter, we've generated as much as we've used since November. From now until air conditioning season we ought to see some primo surpluses every day that isn't cloudy. By the time we turn the A.C. on I expect we'll have wound that meter


to August or so...

8:00 a.m. 17,915
6:00 p.m. 17,865

Saturday, March 20, 2010

Are SRECs taxable? The Accountant Speaks

I've made several posts already about whether or not SREC income is taxable or not.

I talked and emailed with my accountant recently.

Here's what he wrote: "I think it will eventually be taxable but there is no ruling at this time."

That's consistent with everything I've read and posted, in that there really is no definitive statement by any authority on the issue. My plan is to consider it non-taxable until I hear otherwise.

By the way -- it's been so sunny this week that our meter is spinning backwards at a velocity that reminds me of summertime!

Tuesday, March 9, 2010

February: One More SREC Sold

We sold one SREC for February. It was so cloudy and snowy that I'm surprised we generated enough power for even one. Some of that was probably left over from January.

The selling price was the highest yet, $ 665.