California Basking in Record Amount of Electricity from Solar
The modern era of solar electricity got under way in 1954 as Bell Laboratory scientists unveiled a "solar battery" made from silicon that was used to power a toy Ferris wheel and a radio. In recent years, solar has boomed as costs have declined and government policies have favored a renewable energy source that can help combat climate change.
California's solar energy generation hit a record earlier this year, accounting for 6 percent of energy from the California Independent System Operator, which manages the bulk of the state's flow of electricity. Last year's growth in solar capacity was greater than all earlier years combined. The state backs solar through financial incentives and a law that requires utilities derive 33 percent of their energy from renewable energy sources by 2020.
Good news for responsible energy generation.
California's solar energy generation hit a record earlier this year, accounting for 6 percent of energy from the California Independent System Operator, which manages the bulk of the state's flow of electricity. Last year's growth in solar capacity was greater than all earlier years combined. The state backs solar through financial incentives and a law that requires utilities derive 33 percent of their energy from renewable energy sources by 2020.
Good news for responsible energy generation.
Even so, the debt on the panels is not like the debt on your car.
http://www.solarcity.com/commercial/homebuilders
What happens if the solar panels or inverter need repair?
If we're alerted of a problem through SolarGuard, we will give you call to help diagnose the problem and dispatch a repair team to fix it if needed. SolarCity will perform all equipment repairs at no cost to you.
I don't know what that looks like on financial documents, but part of the reason SolarCity can put panels on your roof for no money down is the fact that it is so low risk. People pay their energy bill, and there isn't much that will go wrong with 'em.
I don't know credit scores, but I know there is such a thing as "healthy debt" and "unhealthy debt". A mortgage generally falls in the former. Credit cards generally the latter. I'm thinking that panels are more like the former than the latter.
Yeah, moving after a year might be harder if you have panels on your roof. I expect/hope that attitude will change over time as more folks get panels and become aware of the benefits. If you have a high energy bill, I think that'd be the biggest factor in deciding whether or not to go solar.
Thank you for a reasonable discussion, too!