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Solar Billing Examples

Billing Information: Residential & Small Commercial with Net Metering Rider:

Residential Rate:  RS: Service Availability Charge all members: $0.99 per day. 

Winter kWh Energy charge: $0.1033 per kWh and Summer $0.1112 per kWh. 

General Service: GS-1 <100 kVa:  Service Availability Charge all members: $1.18 per day. 

Winter kWh Energy charge: $0.1030 per kWh and Summer $0.1155 per kWh. 

Net metering offers using surplus kWh during the month and carry over to the next month, except there is an annual surplus reset on June 1. 

Net Metering Charge: New Members on Net Metering will pay the $5 per kW or choose to connect and NOT be on Net Metering.  The $5 per kW subsidy will be evaluated each year for funding.   

 

 

Berkeley Electric Cooperative offers net metering to our members who install solar PV systems (excludes time of day rates.)

This table gives an estimate of cost to produce solar power at your homeChoose your contractor to install the system. Typical systems cost around $1,000 per panel installed or less, by your chosen solar PV contractor.

Typically, solar panel systems are warranted for a 20-year period.  Installing systems have a risk of not performing to initial capacity, so maintenance and monitoring of performance are important. The example above based on a 5,000 Watt AC system, gives an estimate of out-of-pocket costs as well as tax credits available in 2017.

For tax returns filed in SC, the maximum refund is $3,500 or up to ½ of the taxable amount. This is not a one-time lump sum. It may take some years to get the refund back depending on your taxable income.  Consult your tax advisor. Federal is 30% of cost and refunded up to tax liability, and balance can be carried over for 10 years.

 

Berkeley Electric Cooperative offers net metering (cost $5 per kW) to our members who install solar PV systems (excludes time of day rates.) This is an example and cost will vary. Berkeley Electric members need to find their own contractor and type of system to install. 

SOLAR POWER OPERATING COST

Calculations based on $4.40 per Watt AC ($3.5/W DC) installed capacity (costs vary)

Per 5 kW AC system

 

$22,000

 

Federal Tax Credits: 30%       State Tax Credits:  25%

 

Net Installed Cost

 

$9,900

 

If financed for 15 years at 5%

$78.29

per month

System produces approximately 650 kWh per month

 

Cost per kWh to produce

$0.12

 

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