I have a 20kW solar array that I installed myself. Total cost was around $30k all inclusive. The quotes I got were over twice that.
I have a net metering agreement with my POCO, so what I don't use goes back on the grid and the POCO credits me at the same rate I pay, so 1:1. I'm in VA.
Before I started mining, I was actually building up a bank of kWh with the POCO since I didn't consume as much as I generated.
In June I generated 2,580 kWh and consumed 2,348,
In July I started mining and generated 2,846 kWh and consumed 3,974 kWh.
August was crazy hot. I generated 2,474 kWh and consumed 5,245 kWh.
My kWh rate is fixed year around and is about $0.12 with everything included. With the solar and assuming I consume twice as much as I generate, my effective rate is about $0.06 per kWh. I plan to add another 6.5 kW array, which I can do for about $4,800 since I already have the inverters and just need to get the panels and some Ironridge rails and hardware.
yeah we are a little cheaper since he get parts at wholesale. but nj power costs more.
10 cents for 7 months and 17 cents for 5 months
I never could be in the mining game solid with out the solar array.
Buysolar saves time and energy on getting gear and maintaining gear. So it works. this year was good enough for him to decide to build a bigger array in 3 stages.
so the numbers below are how much gear will be run for 'free'
9 - 13 kwatts now ---------------- split coins
all future numbers19 - 27 kwatts fall--------- 2017-- split coins
29 - 41 kwatts summer--- 2018-- split coins
39 - 55 kwatts fall--------- 2018-- split coinsI do 3 - 5 kwatts in house ---------------------------- all mine
I do 1 - 2 kwatts in a friends office ------------------ split coins
I do 1 -2 Kwatts in a second friends office --------- split coins
This was a good year. For many people in coins.
So for the last 2 years
I access 11-17 kwatts at a split coin price.
which means I have 5.5-8.5 free kwatts
and 3-5 kwatts at about 13.5 cents
those 'free' kwatts give me the luxury of never mining at a power loss as long as I don't mine too much with the full pay power.
It also allows me to run gear at lower clocks to not burn it up. which allows me to sell good working used gear once in a while.
Its a business plan that gives no losses if I am not a high risk player.