Ragnaroknight

Ragnaroknight OP t1_j4cycf5 wrote

My house is only 1200sq feet, but almost the entire roof is covered with panels.

I was able to have them design a system around a few really inflated electric bills from when I was mining cryptocurrency (yeah I know). I did this intentionally, because I knew I wanted to get an EV and Heat Pump down the line l.

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Ragnaroknight OP t1_j4cfx6t wrote

You don't generate a lot of solar in the winter time. So you have to earn credits during the summertime, which unfortunately is when electricity rates are the lowest.

So when they raise the rates in winter all the credit you earned in the summertime at the low rate is used at the higher rate, basically it's spent twice as fast as it's earned.

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Ragnaroknight t1_j2e2ugv wrote

I'd say 80% of it.

My hot water, washer and dryer, fridge, and oven are also electric so that uses quite a bit. But it's immediately noticeable how much more power you use once it gets cold.

Anything above 40 degrees doesn't seem to use an insane amount of power, but once you get those below freezing days it can easily crank 80-100KwH in a single day.

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Ragnaroknight t1_j2e268s wrote

My Heat Pump is my only heating system. I have a 1250sq foot house, And I only keep my heat at 68 when I'm home and 62- 64 when I'm not home.

I also have solar panels, 30+ of them.

Last January I used 2200KwH of electricity. That's a roughly $750 bill at today's rates. January and February are by far the worst months.

If you can tolerate 2-3 insanely high bills, for the most part it was a good investment. Keep in mind, I paid $0 from April to December.

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Ragnaroknight t1_j1ui2hz wrote

Not to say the rates aren't ridiculous, but if you consider how much the equivalent amount of oil would probably cost.

$400 actually isn't too bad, unfortunately.

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Ragnaroknight t1_j14iosz wrote

Guess what's gonna go on that land.

Probably a Hotel, that will tower over every other building in Newport.

Newport is going to kill its own tourist scene, it's just a bunch of giant hotels and bars, there's nothing to do, it's overcrowded, and overpriced.

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