That is interesting, as I think I am the only one in NJ that has time-of-use with solar panels - they actually had a hard time getting my bill right for the first six months because of it. My system is comprised of 54 Sharp 185W panels and we get a similar yield to yours, the max I have seen on the inverters is about 8600W.
You probably would have done it in NJ even with our "low" electric rates. That is because the state has a very aggresive program to promote solar. At the time I installed mine they were offering rebates of up to 70% or $5.50 per watt installed. Add to the the solar renewable energy credits which you can sell each year. Those credits currently sell on the open market for $225-$250, and are set to double in two years. It makes the project very attractive. I have had the system for about two and a half years and figure my full payback will be reached in just under 4 years. Unfortunately for late adopters, the rebates are now 50% or less.


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