Buyer beware: Solar power may be missing key ingredient

Discussion in 'Environmental Discussion' started by usbseawolf2000, Jan 19, 2016.

  1. usbseawolf2000

    usbseawolf2000 HSD PhD

    Sep 22, 2004
    Fort Lee, NJ
    2012 Prius Plug-in
    Plug-in Base
    Good to know especially if you are planning on buying a plugin to be powered by solar.

    Want to cut reliance on your fossil-fuel-burning utility, but don’t have space for solar panels? Easy, the sales pitch goes, buy a share in the new “community solar array” being built on the outskirts of town.

    But experts and regulators say there’s a catch. Some of the biggest marketers of such deals are stripping the “green” benefits out of them and selling them elsewhere, leaving homeowners with a small discount on the same electricity they were using before.

    Severin Borenstein, a business administration professor at the University of California at Berkeley, who has followed the issue, described it this way in a blog post this month:

    “If you’ve installed solar at your home and are now basking in the I’m-saving-the-planet warm glow, you may be in for a splash of ice water. There’s a good chance someone else has purchased your halo and is wearing it right now.”​

    Buyer Beware: Solar Power May Be Missing Key Ingredient - ABC News
    #1 usbseawolf2000, Jan 19, 2016
    Last edited: Jan 19, 2016