I put in SHW about eight years ago and it's been okay (water heater failed and even on warranty it cost me about $2k for labor) but I am thinking about putting in solar electric and I need to decide if pulling the SHW out so I can get more solar electric panels is worth it. It's just my wife and I and my guess is that SWH is saving about 100 gal of oil a year (oil this year averaged $4.25/gal).
I can get seven more solar panels on the roof if I pull the SWH out but then I'll have to pay an HVAC guy to do it and then get an electric HW heater. My guess is $3k for that.
Seven panels will generate about 3,300 more kwh. I'm not sure how to do the calculation but it doesn't seem that 3,300 kwh would come close to the 100 gallons of oil.
One way to look at it is, how many kwh would I have to generate (at $0.21/kwh) to equal $425 (the cost of the oil). Each panel produces about 500 kwh/yr, or 500*.21=$105 so four panels is about the right number and since I can get 7 up there, it might be worth it (ignoring the cost of pulling SWH out)
Can anyone shed some light on this for me?
I can get seven more solar panels on the roof if I pull the SWH out but then I'll have to pay an HVAC guy to do it and then get an electric HW heater. My guess is $3k for that.
Seven panels will generate about 3,300 more kwh. I'm not sure how to do the calculation but it doesn't seem that 3,300 kwh would come close to the 100 gallons of oil.
One way to look at it is, how many kwh would I have to generate (at $0.21/kwh) to equal $425 (the cost of the oil). Each panel produces about 500 kwh/yr, or 500*.21=$105 so four panels is about the right number and since I can get 7 up there, it might be worth it (ignoring the cost of pulling SWH out)
Can anyone shed some light on this for me?
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