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Got our Tax Return and a $0 Electric Bill!

March 5th, 2015 at 04:31 pm

Our tax return money was deposited into our account and we got a notice about the portion that we decided to take as an Amazon credit. We opted for $200 to be Amazon and they added another $20 to it for taking that option (snowflake!). We'll use the Amazon credit for regular purchases, but the $220 (and the rest of the tax return money) will go to mortgage principal.

It makes the accounting a little weird, but whatever. We use Amazon for most of our purchases (bday gifts, birdseed, dog tooth treats, everything). So I just need to track those purchases as if they showed up on our visa.

Besides our tax return yesterday, we got our February electric bill. And it was ZERO dollars. Actually it was negative $1.32 but they won't cut checks for less than $20, so we need to wait for it to build up. You know what we'll do with the check when we finally get it of course. Mortgage!

5 Responses to “Got our Tax Return and a $0 Electric Bill!”

  1. FrugalTexan75 Says:

    What a cool electric bill! Smile

  2. Kiki Says:

    Is this from the solar? Can you explain a bit how it works? Leasing? I am interested but have to wait a while. Have other to dos first.

  3. Buendia Says:

    Hi Kiki! Yes, we had solar panels installed. Our use was already pretty low, and we made sure all of our bulbs are LED or CF. We bought the system (so not leased). In our state according to realtors, the system adds value to the house, so you make it up on selling price. There is a 30% federal tax credit and a 10% state tax credit (for our state) so it was 40% off the purchase price. We paid for it outright and are using the tax credits to pay down our mortgage principal, but you can also finance the system with a home equity loan. That would make the payback time longer because you're paying interest...

  4. Kiki Says:

    Do you know the average cost to install a solar system?

  5. Buendia Says:

    It varies based on your usage... the company you hire to install the system will figure out the size for you. Do you know what you use now KWh monthly?

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