Wednesday, August 25, 2010

Sungevity Solar - The Deal is Done

We've signed the contracts, solar here we come. You'll all be amused to learn that our solar panels are, you guessed it, Canadian.

Here is what we get...

10 - Canadian CS5A-185M, 185W Monocrystalline Module

1 - Kaco 1502xi (240V), 1.5 kW, 240 Vac, 125-500Vdc Utility Interactive Inverter

Seems minuscule but apparently it does the job.

I've figured out how they do it. My main question was "how do you sell all this solar for $ 1,500?" They do it because they are "leasing" it to us. They own it therefore they claim all the tax benefits, rebates, utility incentives, etc. They also own the electricity it generates. While I get to hopefully have a zero dollar Department of Water and Power bill (minus the water of course) any money earned by my meter spinning backwards is Sungevity's. A smart idea on their part. Kind of a win win situation I suppose. One must ask oneself if going solar is good enough or do you want to own it too?

1 comment:

Anonymous said...

I remember your company (used to be mine too!) used to have an incentive for a certain firm, is this better?