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Originally Posted by PoolBrews
The other issue with SECO is that SECO is a coop, and not governed by the same rules as Duke and others. A non-coop electric company must pay you the same rate for your electricity as they charge you. A coop is exempt, and SECO pays you about 85%-90% of what they charge you. None of these systems directly power your home - electricity must be sold back to your provider, and then they sell back to you. Even with Tesla, power goes to your provider, then Tesla has an option to store incoming power in a battery bank (called a Tesla Wall) to cover outages.
With SECO, you need to get enough banks to cover ~115% of the power you use - and even then you'll never get to zero. There is a $30/month member fee that never goes away.
I researched this heavily - going solar may make you feel good, but you'll never come close to paying it off.
One more important thing to take into account if you do purchase - all solar panels lose about 10% efficiency in their first year of use. They remain stable after that, but I guarantee the salesman won't mention that you'll only have 90% of what you paid for after year one.
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I believe you are incorrect about what you generate goes into the grid and then what you use comes from the grid. What you generate goes to you directly if you are using electricity at that moment. So, it is best to use your appliances when the Sun is shinning and you are generating. Sales person will tell you payback period is 8 to 10 years but it is more like 11 to 13 years.