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re: Talk to me about solar farms

Posted on 9/14/19 at 6:35 pm to
Posted by cajuncarguy
On the road...Again!
Member since Jun 2013
3135 posts
Posted on 9/14/19 at 6:35 pm to
If the state handles it like Texas did the consumer gets screwed big time. Solar is A LOT MORE EXPENSIVE than conventional generation. In order for the solar to pay its bonds off they get the state to require the utilities to buy this electricity at higher rates than they can generate it themselves and it gets passed on you you. It's a JBE transfer of wealth to his buddies. Pure scam.
Posted by TegrityFarms
Member since Aug 2019
49 posts
Posted on 9/15/19 at 7:22 am to
quote:

Solar is A LOT MORE EXPENSIVE than conventional generation. In order for the solar to pay its bonds off they get the state to require the utilities to buy this electricity at higher rates than they can generate it themselves and it gets passed on you you. It's a JBE transfer of wealth to his buddies. Pure scam.


Sounds like you know almost nothing about solar. The customer gets 30% back from the federal government upon initial purchase (let’s say a $20,000 system, you’d get $6,000 back up front.)

Many states offer additional state incentives on top of that but Louisiana is currently not one of those. The electricity you generate is stored in the grid under your account and you use what you generate. If you have any overage, the utility company has the option to buy your unused electricity but it’s typically cheaper than what they charge but they will cut you a small check for what they buy

Edit: it sounds like a good deal, OP. Just know that the person approaching you is likely a middle-man and is helping the state produce a mandated green energy goal for your local utility. They’re probably making A LOT on this deal and giving you a small piece of the pie. Ask for more.
This post was edited on 9/15/19 at 7:27 am
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