Notifications
Clear all

Solar in the VI

 
stx_gb
(@stx_gb)
Advanced Member

It seems like now more than ever solar is the way to go to beat WAPA's high prices. I have a few question though that I'm hoping can be answered by someone who understands the way solar works in the VI.

First, how much does DPNR and WAPA charge for the net metering contract? I've seen a few quotes where there was a charge listed under "Net Metering licensing & approval" and it was over $2000. Does DPNR and WAPA have high fees to get the Net Metering going?

Second, what happens to the roof under all these panels? Normally roofs have to be recoated every couple of years, how do the panels affect this? Is my cost to recoat my roof going to go up?

Lastly, is there a tax "credit" for the cost of the solar panel installation, or is just a deduction? Can someone elaborate on the tax savings involved.

I'm looking to offset my $350 WAPA bill, if you are a solar company I would be very interested in hearing about what your estimates are for a micro-inverter system (or non-micro system, I've just heard that micro is best but I'm no expert) that would cover my WAPA bills.

Thanks for listening! Hopefully others find this information helpful too!

Quote
Topic starter Posted : October 28, 2013 7:53 pm
LiquidFluoride
(@LiquidFluoride)
Trusted Member

its a 30% tax credit

here's a thread I started on it:
https://www.vimovingcenter.com/talk/read.php?4,199678,page=1

those fees you see are normally just filing fees plus the cost of filing those fees (so sorta paying somone to run the forums around and knowing which forms go where etc..)

ReplyQuote
Posted : October 28, 2013 8:00 pm
gonetropo
(@gonetropo)
Advanced Member

It seems like now more than ever solar is the way to go to beat WAPA's high prices. I have a few question though that I'm hoping can be answered by someone who understands the way solar works in the VI.
We have saved a lot of money since going solar in May, 2012. The system has about another year and a half to be totally paid for. I am not a solar advocate but it works here. Anywhere in the States it would be a waste of money when you are only paying .09 per KWH..

First, how much does DPNR and WAPA charge for the net metering contract? I've seen a few quotes where there was a charge listed under "Net Metering licensing & approval" and it was over $2000. Does DPNR and WAPA have high fees to get the Net Metering going?
Nothing that I know of other than the cost of the DPNR permit.

Second, what happens to the roof under all these panels? Normally roofs have to be recoated every couple of years, how do the panels affect this? Is my cost to recoat my roof going to go up?
If the roof is elastimeric coating, a silicone coating which is much more durable is applied prior to the installation of the racking and panels.

Lastly, is there a tax "credit" for the cost of the solar panel installation, or is just a deduction? Can someone elaborate on the tax savings involved.
Yes, a federal tax credit and not a deduction is given in the amount of 30% for the total cost of the equipment and installation.
So, if the system costs $12,000, the true cost is $8400 and then you begin reaping the benefits of the solar.

I'm looking to offset my $350 WAPA bill, if you are a solar company I would be very interested in hearing about what your estimates are for a micro-inverter system (or non-micro system, I've just heard that micro is best but I'm no expert) that would cover my WAPA bills.
We have installed 10 240V panels and 10 micro invertors and our WAPA bill is under $30 per month...no A/C, pool pump, refrigerator, freezer, water pump and 2 hot water heaters with no timers.

Thanks for listening! Hopefully others find this information helpful too!

ReplyQuote
Posted : October 28, 2013 8:04 pm
GLantern
(@GLantern)
Active Member

Contact Pete Tevendale. He's the owner of Atlantic Solar Solutions. He is currently on STT but may be able to help you. He can certainly answer all your questions. His e-mail is peter@atlanticsolarsolutions.com. Business phone is 800-661-0701. His cell is 340-514-3910

ReplyQuote
Posted : October 28, 2013 8:45 pm
billd
(@billd)
Trusted Member

If you have the cash there is no better way to spend it than on Solar. Wapa is insane. So you can just cut back your usage just so far. Go for it.

I put 13 panels in 2012. I am looking to put another 30 in this December. That would put my bill at about 50 (I have several apartments).

And 09 a kwatt there is no reason to do it. But at 55 a kwatt it makes perfect sence.

So GO FOR IT. Tell WAPA to put it up their >>s.

billd

ReplyQuote
Posted : October 29, 2013 1:54 am
Close Menu