Tue 24 Oct 2006
General Motors Goes Solar, with Some Help from Some Friends.
Posted by Pete Lauf under Solar
The idea of solar power holds spectacular promise. The Sun is, after all, the Sun. However, for most people, or corporations, the startup costs of installing a solar power system outweigh the financial return. It will take years to recoup the cost of putting up solar panels. However, if incentives are available to help consumers pay for initial startup, from a financial point of view, it starts to make more sense.
General Motors recently installed a large solar array at one of its warehouses in Cucamonga, California with financial backing from a variety of sources through an organization called Developing Energy Efficient Roof Systems. (DEERS) A more detailed description can be read at:
http://www.nytimes.com/2006/10/21/business/21solar.html
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While this is an example of a huge corporation taking on huge contributions from relatively wealthy donors, there are options out there for the rest of us. Both Federal and State programs exist that will help homeowners pay for installing renewable energy systems in their homes. A handy resource describing these programs state by state can be found at:
Also, many utilities allow for “net metering.” This allows energy produced by a home to flow back into the energy grid thus turning your home into a miniature power station. This has the effect of having your power meter “run backward” and lowers your electricity bill.
So, if you are considering investing in a renewable energy system for your home, the Powers That Be of our Dear Nation are prepared to help you defray at least some of the costs.