Sunday, February 12, 2012

Solar Power's Future is with Free Enterprise

This disclaimer: I have no financial interest or investment in the companies discussed below. My point of view is a personal one as a consumer only.

I just ready this article in Bloomberg Businessweek about what the magazine describes as a "Bright spot" in a solar power industry troubled by scandal, over-promising and under-delivering. One of the companies mentioned is SunRun. We weren't surprised as we worked with SunRun on the solar power installation at our house.

Solar panels are priced to move, and companies like SunRun have figured out a way for solar power to work for their business model, and more importantly for folks like us on Main Street USA. We installed a 24 panel system at our house, but instead of buying the system, we're leasing it from SunRun. No money upfront and the monthly cost is half of what our power bill used to be. During the lease, SunRun pays for all warranty and maintenance. We can pay off the lease anytime we like, but right now it makes sense not only on the financial bottom line, but the environment as well.

No money up front, reduce cost of electricity and cut emissions. Ka-ching.

Here are the stats for this past January, our first full month with solar power:
  • We generated 460 kWh of power, more than we consumed.
  • Saved 652 pounds in Carbon Dioxide emissions.
  • Saved 1.66 pounds of Nitrogen Oxide emissions.
  • Saved .59 pound of Sulfur Dixoide emissions.
A "Clean" sweep!

All this during the shortest times of daylight of the year. As the days grow longer, we'll generate more power. I should also note that we've had a couple of 2-foot snowfalls which cover the solar panels and on those days you don't generate much if any power. The key is total generation each month.

REC Solar did the install and it just took a few days. The roof of our two story home is quite high so you can't even see the panels from the street. An advantage we have is the side of the roof where the panels are installed face due south, so we get 98% exposure to daylight and the height keeps the panels clear of shade from trees etc. The system even cranks out power on cloudy days, but it's the sunny days where you really generate the juice and we get about 350 days of sun here in Colorado.

The company provided all the technical information, installation diagrams etc for our HOA which approved everything in less than two days. In fact both SunRun, REC and Xcel have been terrific before, during and after the installation.

Three meters are installed, two by Xcel Energy and one by RunRun. The first two measure net power use and that generated by your system. When you generate more than you use, we'll get credits back from Xcel. We're selling power back to the power company! In our basement is what's called the inverter, which is about the size of a mini-fridge and mounted on a wall out of the way. You can also measure system production there along with RunRun's website where you can log on and monitor:
  • Daily/Monthly power generation
  • Total power generation of the life of the system
  • Emissions savings
  • Projected vs actual power generation
  • Projected weather for each day
Just like the hybrid SUV we drive, we went solar because it just makes sense. The technology and business model have reached the point where you save money from day one. We didn't need some massive government program telling us to do it, it just made good economic sense.

Companies like SunRun are generating jobs, saving people money and are a classic example of identifying a challenge, then making it work for them and us. Something our government has proven incapable of. (Over and over and over)

Free enterprise IS the future of solar power. As stated in the Businessweek article, companies like SunRun are proving it.

Brian Olson
Owner/Consultant
Conversation Starters Public Relations






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