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Case Study

Homeowner: Vikas K.

Location: Livingston, NJ

Utility Provider: PSE&G

System Energized: 06/01/2018

System Details

System Size: 17.28 kW

Production: 18,802 kWh annually

Environmental Impact: 27,074 lbs. of C02 offset annually

Means of purchase: Cash, outright purchase.

Average electric bill before solar: “$650 in summer, $400 in winter”

Monthly electric bill after solar: $5 month.

Return on Investment: $4,000 per year in SRECs helps. Approx. 7 years.

Tax benefit: Filed recently, and claimed the tax credit.

Solar Products

Panels: (48) Hyundai 360 watt solar panels.

Inverter: (2) SolarEdge 7600 Inverters.

Optimizer: (48) SolarEdge P400 Optimizers.

Questions & Answers

Motivation for installing solar panels: “What originally got me thinking was podcasts I would listen to on my commute that talked about solar. ‘Planet Money’ and another one called ‘Direct Current.’ This was before I owned the home, but I knew then it was possible. Before solar my bill was about $4,500/year. At the time was doing some bitcoin mining, and had my own servers running, so I thought with the house’s exposure it would be a good idea to have free electricity.”

Considerations in choosing Green Power Energy as installer: " Being able to purchase outright. It was a good deal, the price was lower than the competitor. Because of the outright purchase through Green Power Energy, if in 5 years I want to move, I don’t want to have to negotiate with the seller. It’s part of the house, it’s done.”

Overall Solar Experience

“It’s been a fantastic experience.  I have a smaller bill, free renewable energy from the sun, reduced emissions, and I have a cool technological house.  And Green Power Energy has been good.  We did have an inverter go bad, and GPE fixed it during Christmas week!”

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