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outwest asked in Environment · 1 decade ago

If you could have a solar powered system for the same price as reg power, would you?

I have found a company that says it will rent the systems and charge the same as the power companies. You can even lock in todays rates for 25 years and I'm still attached to the grid. With no products to buy. They say for every house that signs up, it is the equivelent of taking 24 cars greenhouse gasses off the road. I signed up. No start up fees so why not. So, would you?

Check it out if you are interested www.jointhesolution.com/outwest

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  • 1 decade ago
    Favorite Answer

    Well, I looked at the site and will make the assumption that the company is prepared to wait a long time for a pay back.

    One negative concern would be the $500 fee upfront for a 5kW unit.

    Second negative, if you normally use 2000kWH a month and generate 1000 of that, you will still pay 1000kWH to the elec utility and 1000 kWH to this company. Therefore, initially, there would be no economic incentive to do this.

    A positive thing would be that later, since the contracted rate you paid to them would not change, you would eventually begin to save money as your utility began increasing its rates over the next 5-25 years. The difference would be that you would never see the full effect of savings as you would when your own installed system finally reached the point of saving its initial construction cost. Basically, if you installed your own system that paid itself back in 15 years, all savings after that would be yours to keep.

    Another positive would be no maintenance and repair costs, assuming this business model is viable for the long run.

    So, overall, you would have to plug in the numbers for doing nothing, installing your own, or buying into this system.

    With the concerns I have, I would want to evaluate other systems already installed and operating before I would feel comfortable with this model. Also, since all your eggs would be in this basket, I would want to see how they performed over the next few years.

    Last, since I have seen scams in the utility market before, I would want an independent way to verify that their system was actually generating the power that they were claiming. Otherwise, that would really skew the results.

    I hope that doesn't seem too negative. I respect the idea that they are apparently trying a creative way to make money using PV and making it attractive to the end user. If you are prepared for the potential problems, then you may be able to go for it.

  • I live in Tennessee and I already have A 85% solar power furnished by the panels on my roofs and at night a large DC battery/converts to 240 AC volts at night that is charged during the day and handles the house power over night and day and15% water generated by accurate well water behind my Home - all of my electricity is natural and saves from gasses,pollutions and is independent !!! Great Idea !!

    I have visited the web sight and it would be a great deal if I lived in the listed areas for this offer !!

  • Anonymous
    1 decade ago

    They won't be able to stay in business at those prices unless they get huge subsidies. It costs $10 a watt to install a solar plant; it can generate two kWh of power per year per watt of installed capacity, which is worth about 25 cents.

  • 4 years ago

    1

    Source(s): Create Home Solar Power - http://solarpower.duebq.com/?hQa
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  • 1 decade ago

    Of course I would, but I have a hard time believing that your company can really do that.

  • 1 decade ago

    no.

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