Jul 22, 2011

Is solar power a boom for consumers? Or another subsidy bubble?

USA Today "Solar power boom shines for consumers"???
But if your rich and retired... you can have solar today!
Just ask 51-year-old Karl Hutter. The Silicon Valley tech executive refuses to drive a hybrid car but signed up with solar panel outfit SolarCity.
"You're doing good by the planet, and you're doing good by your pocket book," says Hutter of Menlo Park, Calif. "Fundamentally, when you have both it makes perfect sense."

For Hutter, the money saved was a "no-brainer," and he has pointed neighbors and family — scoring referral fees — to SolarCity. He says he's saving 25% off his electricity bill, a story that likely resonates with others.

"SolarCity is not doing this for the heartstring pull. It's pure economic benefit," says Ron Pernick, co-founder of Clean Edge and co-author of The Clean Tech Revolution.

Homeowners right now can get solar panels from various providers at no upfront cost and in turn get lower electricity bills .

"Don't worry about the subsidies and the costs. We'll take care of that," SolarCity CEO Lyndon Rive says. "There's no hassle factor at all."

"The customer pays zero down," CEO Andrew Birch says. "We're expanding very quickly."

Comments: Not one word about cost...typical half of the news brought to you by USA Today
The average home in the US uses maybe 1,200 kwh per month. This would require a system of about 10,000 watts or more and a battery system to store electric for the days that the sun does not shine at least 4 hours. So, a total electric independence will cost ~ $50,000.00

Divide that by 10 years or 120 months( Battery replacement. repairs, etc will NOT last 20 years.)..that is = $400 per month savings.
$400 may be cheap electric in 10 years...^_^