it's sunny out
Producing domestic solar power in Ontario returns 11 cents per kilowatt-hour to the homeowner (since renters can't be assumed to have enough interest or power to dictate their preferences, i guess). So now it will take 15 years instead of 50 to recoup the $10,000 - $15,000 price of a typical residential solar array. Local cooperatives are forming to defray the costs. Terrific, but still not even close to German subsidy of solar installation, which includes 10-year interest-free loans and 59 cents per kilowatt-hour production credits. Back home, investment firm Lehman Bros. outlook on the industry: growth remains dependent on "favorable government incentives." Sorta like those dirty fuels, then?
posted by meshugah @ 1:39 a.m.
2 comments
2 Comments:
I'd like to know where those billions of dollars in LIHEAP allocations were back when the grossly inappropriately named People's Energy was gouging us on winter heating. We would've been better off periodically burning items in the landlord's attic for heat. Not that the illustrious Lou was likely to mind. Or notice.
just this year, People's Energy was forced into a $100 million settlement with the state's utility board, resulting in $100 rebates, and more for some severely behind their payments or who had been disconnected. pretty sweet deal for the company; estimates place its winter 2001 overcharges alone at $240 million.
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