Withlacoochee River Electric Cooperative (WREC) is investing in solar energy. They started their solar journey in 2009 when they installed a 3.15 kW(AC) ground mounted array with a single Sunny Boy Direct Current(DC) to Alternating Current(AC) inverter, using 18 Sun Power 175 Watt panels at the Billy E. Brown Corporate Center in Dade City. It was commissioned in October of that year. They have since expanded their solar resources with the addition of a 121.8 kW(DC) ground mounted array that uses modern EnPhase C250 micro-inverters for the DC to AC conversion, and 348 Mission Solar 350 Watt panels at our Crystal River District Office. It was commissioned on April 11, 2018.
A Photovoltaic(PV) system converts sunlight directly into DC electricity. The solar system’s inverter converts the DC current from the solar panels to AC power that is used by the member’s home or business.
The net meter installed on the member’s home or business measures the amount of energy the member uses, just like a standartd utility meter, but it also has the capability to measure and record the amount of energy the member’s solar system sends back to WREC’s electrical grid. If the member generates more energy than they use over the course of a year. WREC will purchase any excess energy at WREC’s wholesale power provider, Seminole Electric Cooperative’s, avoided cost.
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Are solar panels worth it for Withlacoochee River Electric Cooperative (WREC) electric customers?
There are three main reasons why installing solar panels for homes is so popular in Florida and specifically in the Withlacoochee River Electric Cooperative (WREC) territory. These reasons are:
- WREC customers can still take advantage of the 30% federal solar tax credit to install solar panels until it reduces at the end of 2019.
- WREC still offers a price close to retail power prices giving good value for excess solar power customers export to the grid (what is net metering and what is a feed in tariff); and
- Florida, and the Withlacoochee River Electric Cooperative (WREC) service territory within it, have a lot of sunny days meaning solar panels produce a lot of electricity.
How much will solar panels save the average Withlacoochee River Electric Cooperative (WREC) residential customer?
The savings will vary depending on how much your power bill is now, the specific WREC rate plan you are on and how suitable your roof is for maximum solar generation.
If I enter the details again for Withlacoochee River Electric Cooperative (WREC) customers with an average power bill for a single family home into the best online solar panels calculator it tells me that I need a 11.75kW solar system that will produce 16,416 kWh’s per year and that this system will likely return the owner a $70,926 profit even after repaying the capital over 25 years.
This is pretty amazing when you consider that you can get a zero down loan, contribute none of your own capital and still make such a big profit. When you compare this with the return on other home improvement projects this is seriously good. What’s more this profit doesn’t even include any capital value that solar panels may add to your home. This is just the utility bill savings.
Call Today! (727) 827-2524