electric vehicle

To Bolt or not to Bolt

Over the past 10 days, we've had a dozen or so conversations about Chevrolet's soon-to-be-released, all-electric Bolt. Concurrently, my wife is pondering a new car that's efficient, economical and suitable for a Davis-to-UCDMC commute. To wit, to Bolt or not to Bolt?

After all, what's not to like? Significant -- 238 miles -- all-electric range, a decently sporty design, and a good price tag (less than $40k before $7,500 in federal and $2,500 in state incentives). Pundits have proclaimed General Motors (with the Bolt) has beat Tesla (with its Model 3) to the dance.

General take through our lens: Electric vehicles powered by solar-generated electricity make great economic and environmental sense. Quick math:

Electricity costs

We have had the fortune of helping several hundred Yolo County homeowners evaluate solar. What we’ve learned: Their average cost of PG&E electricity is $0.25 per kWh, and their median monthly electricity bill is $185. Conversely, their cost to generate solar electricity averages $0.08 per kilowatt hour (kWh), amortized over the warrantied life of their solar panels. 

Transportation costs

For comparison, let’s assume an average car is driven 12,000 miles each year. If the car averages 25 miles per gallon, powered by petroleum, it will guzzle 480 gallons of gas annually. At $2.50 per gallon, annual fuel costs are $1,200, or $0.10/mile.

Electric vehicles yield, on average, four miles of range per kWh. Hence, you will consume 3,000 kWh to drive 12,000 miles. If you are purchasing electricity from PG&E, your annual “fuel” cost is $750 (or, $0.06/mile). If your electric car is powered by solar, your annual cost is $240 ($0.02/mile). (And, of course, if you charge at your workplace or one of a half-dozen free sites downtown, your cost is lower.)

Back to the Bolt. A few takes floated over the past week:

- Business Insider: The Chevy Bolt still doesn't compare to Tesla's Model 3

- Electrek: The very good Chevy Bolt reviews are in ... everyone forgot to ask the most important question

The latter from Electrek hits -- aside from design/style/brand cache/Elon-halo-effect virtues -- Tesla's sustainable competitive advantage. General Motors (and other automakers) need to get off their collective rears and solve the charging challenge. Their networks are established: Dealerships are sensible locations for super-charger stations.

Until then, the Bolt will be a bit better than my Leaf: Great for local transport and perhaps a trip to the Bay Area or Tahoe, but nonsensical to take to Oregon or Southern California. Here's hoping General Motors and others will tackle the simple (technology) but complex (logistical) challenge of building a charging network.

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Postscript: Great comparison of the Bolt and Model 3 in today's Clean Technica, echoing and amplifying many of our thoughts.

Considering an electric vehicle and/or solar?

More than half of the homeowners we talk to either own or are, in the near term, considering purchasing an electric vehicle. Part of the combinatorial interest -- clean energy + clean vehicle -- is values based. However, most homeowners who go solar and fuel their transport with sunshine do it for pragmatic reasons: Solar electricity is significantly less expensive than PG&E's energy, and fueling an electric vehicle is much cheaper than pumping gas. Here's a prior post quantifying the economics of solar + eVs.

Though the math is simple, the decision -- which car to purchase or lease, at what time, and how to size my solar system to cover my electric vehicle charging -- has more to it. To wit, there's a delightful new tool for California homeowners to determine if a solar-powered vehicle makes sense. In a few minutes, you can compare options and model the economics/scenarios. Take a peek, poke around, and (we're confident) you'll be impressed by the savings.

And, of course, feel free to contact us if you have questions about electric vehicles and the potential to power your eV with solar. We will perform a no-cost assessment for you, modeling various alternatives and quantifying the impacts.

SAS: Solar Acronym Soup

All industries are plagued with too many acronyms; the solar industry could top the charts, cluttering myriad technical, utility and financial acronyms into confusing babble-babble. Here are but a few solar sugar plums, from the basic to the sublime:

- BoS: Balance of System (the soft costs — aside from equipment and installation labor — that complete the cost of your solar system).

- CCA/CCE: Community Choice Aggregation/Community Choice Energy (an alternative form of cleaner energy supply … coming to Yolo County in 2017!).

- CPUC: California Public Utilities Commission (the governing/regulatory body that oversees PG&E and other investor-owned utilities in California; aka, friends of solar and consumer choice).

- eV: Electric Vehicle (aka, peanut butter to solar’s jelly).

- GHG: Greenhouse Gas (a [horrible] gas in the atmosphere that absorbs and emits radiation within the thermal infrared range).

- IRR: Internal Rate of Return (the interest rate at which the net present value of all the cash flows [both positive and negative] from your solar investment equal zero).

- ITC: Investment Tax Credit (the 30%, one-time federal tax credit you receive when you own your solar system).

- kW: Kilowatt (1,000 watts of energy).

- kWh: Kilowatt Hour (a measure of electrical energy equivalent to a power consumption of 1,000 watts for 1 hour).

- NEM: Net-Energy Metering (the program/mechanism by which solar system owners are credited for the electricity they generate).

- PTO: Permission to Operate (notification from your utility that your solar system is connected to the grid, thus commencing monetary credits).

- PPA: Power Purchase Agreement (an agreement to purchase electricity generated by a solar system [on your roof] that is owned by a third-party, tax equity fund … aka, a bad deal for homeowners vis-a-vis solar ownership).

- PV: Photovoltaic (PV cells in your solar panels are specialized semiconductor diodes that convert visible light into direct current electricity).

- TOU: Time of Use (a utility rate schedule whereby you are credited [for solar] and debited [for electricity use] based on the time of generation/use).

 

And, finally:

- PG&E: Our favorite utility (though they fight solar at every juncture :)