Not sure if this belongs here but Mods can move it if they want. I was wondering why my electric utility rates have not gone down with the recent influx of these 'Net Metering" utility credit systems. If fewer folks are relying on less actual grid energy AND generating energy TO the electric utility then why, do rates continue to go up for the folks that can't afford such systems or are in areas with trees that block sunlight? Anyone?
We decided not to buy one house we really liked because it had an existing solar lease.
Found this:
Solar Panels: Another Taxpayer Rip-Off - IER
What consumers don't know -- is that solar isn't actually powering their home, or at least not for the other 16 hours a day that sun is not producing much power.. Instead, if you GO home solar -- you are now in the "energy business".. And it IS rigged to a large extent..
If you're NOT HOME during the day -- and USING that power straight away -- or double the cost of installation by adding say four hours of battery storage -- the energy company is making money on you !!! Not the other way around. They buy wholesale and sell to others retail..
And the "lease" situation is even worse, since you never OWN those panels. So somebody else is also getting a share. And the electric company cuts you no slack for cloudy days or snow/ice days when you're not generating,.
If you DO LIVE at home during the day or maybe charge an EV there during the day -- then to have to any EXCESS TO SELL BACK to the electric company -- you need to invest in BIGGER PANELS and maybe bigger storage to offset your "non-daylight" peak usage.
Feel like an energy magnate? Have a go at it.. It'll be 15 years to recoup cost. And that's if you dont live in a hail/tornado area and risk total loss or the panels dont make it to their expected 20 to 25 year end of life...