Hi all the net meter solar power is worse than any pyramid scheme and here is why it cost me to for the installation $1,600 over the past billing period of 83 days the usage is 133kWh and the solar contribution of 214kWh. I would think they would use the calculation of solar contribution less power usage. BUT no how it work is they will pay you the Sh!Tty 6cent kWh then changed you the usage in full what bullsh!t is that.
So for me to recovery only the cost of the installation will take me 28 years. You would make more money if you put in a Term Deposit.
133kWh is break down as follow
1. 114kWh cost 21.85 cent = $24.91
2. 19kWh cost 24.25 cent = $4.61
total cost $29.52 only usage
214 kWh at 6cent =$12.84 credit
**recovery cost work out as below**
base on 12.84 over 83 days = 0.15 cent per day *
0.15 * 365 = $56.46 per year
$1600 / $56.46 = 28.33 years