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Title: {Mine} Is solar power really economical?
Source: SoSo
URL Source: http://www.northfortynews.com/pvrea ... ommunity-solar-farm-goes-live/
Published: Jan 30, 2015
Author: North Forty News
Post Date: 2015-01-30 17:24:02 by SOSO
Keywords: None
Views: 21482
Comments: 59

Air National Guard couple set to deploy Larimer County’s Senior Tax Work-Off applications accepted starting Feb. 2 PVREA’s second community solar farm goes live By NFN On January 29, 2015 In Dispatches · Add Comment

Poudre Valley Rural Electric Association initiated into production on Jan. 29 the cooperative’s second community solar farm.

The 632 kW Community Solar Farm II, located north of Fort Collins, is generating power for members of PVREA who have purchased panels to offset their electric use. In a partnership with Clean Energy Collective, this project makes two community solar farms for PVREA.

“We recognized the demand for another renewable energy option from our membership, and the overwhelming success and 100 percent sellout of the first solar farm provided us the incentive to establish our second community solar farm,” PVREA CEO Jeff Wadsworth commented.

The cooperative’s first solar farm located at the co-op headquarters is 116 kW powered by 494 solar panels. The second solar farm is more than four times larger with more than 2,200 panels generating 632 kW. Members who are interested have the opportunity to purchase solar panels through Clean Energy Collective. The energy generated from their purchased panels is deducted from their monthly bill.

According to Clean Energy Collective, the average residential member is estimated to see a bill credit of $5 per month per panel and will receive their return of investment in a little over 13 years.

This solar farm adds to the cooperative’s growing renewable energy portfolio, which already includes the cooperative’s first solar farm project, over 160 net-metering applications, the Carter Lake Hydroelectric project and the Green Power Program.

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Begin Trace Mode for Comment # 4.

#1. To: Willie Green, All (#0)

According to Clean Energy Collective, the average residential member is estimated to see a bill credit of $5 per month per panel and will receive their return of investment in a little over 13 years.

Though the article says ROI of over 13 years it appears to be referring to the pay back period. If that is so, a 13 year payback period is not a good (i.e. - competitive) investment at all.

SOSO  posted on  2015-01-30   17:26:21 ET  Reply   Untrace   Trace   Private Reply  


#3. To: SOSO (#1)

If that is so, a 13 year payback period is not a good (i.e. - competitive) investment at all.

It all depends on what you compare it to.
You have to pay for electricity anyway, so a 13 year payback is a helluva lot better than no payback at all.

Willie Green  posted on  2015-01-30   18:36:16 ET  Reply   Untrace   Trace   Private Reply  


#4. To: Willie Green (#3)

You have to pay for electricity anyway, so a 13 year payback is a helluva lot better than no payback at all.

Are you serious? Where did you learn what you know about economics and finance?

SOSO  posted on  2015-01-30   18:49:27 ET  Reply   Untrace   Trace   Private Reply  


Replies to Comment # 4.

#7. To: SOSO (#4)

Where did you learn what you know about economics and finance?

I have an MBA from the Smeal College of Business at Penn State.

Yes I am serious.
"Payback period" is a simplistic metric with severe limitations. But it does have some useful purpose when comparing similar investments... (such as solar farm v wind farm) or the alternative to "do nothing" (i.e. continue paying full price for your electricity)

However, using "payback period" to compare this solar farm investment to (perhaps) investing in a fast food franchise would be somewhat meaningless.

Willie Green  posted on  2015-01-30 19:20:18 ET  Reply   Untrace   Trace   Private Reply  


End Trace Mode for Comment # 4.

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