Apr
Surviving Global Warming II
Hi Brit,
In the struggle not to get screwed too bad while the True Believers tilt at the windmill of Global Warming, here’s another thing to plan ahead for:
As more and more restrictions are placed on CO2 emissions, it’s pretty safe to figure that the price of electricity delivered to your house by the local utility company is going to climb at a remarkable rate. While that sucks in many ways, it also offers an opportunity for those who are prepared. Over here, there are laws which require those same utility companies to purchase any electricity produced by their customers, and, as the price of a watt rises, it may well make the cost of the generating equipment well worth the investment.
Today, let’s look at solar, since that’s the most available resource for most areas. MATH WARNING! If numbers scare you, scroll on down until you can’t see them anymore.
Here in the Memphis, Tn area, our electric rate is $0.07 per kilowatt hour (kWh from here on,) which is nicely low as compared to other regions of the country. A kWh is, by the way, the amount of electricity needed to run ten 100 watt light bulbs for an hour, and, since different homes use different amounts of power, I’ll do all the calculations based on 1 kWh, and you can multiply by your average usage.
OK, solar power equipment, for residential use anyway, comes in the form of solar panels, which are those blue things on the roof of the house in the above picture. I won’t go into the technology that makes them work, but I will point out that they produce direct current (DC,) which is the same form as the chemical batteries in your flashlight, or torch, produce. Unfortunately, this is not what comes out of the electric sockets in your home, that being alternating current (AC.) So, besides the strange roof decorations, you also need a magic box that converts DC into AC. You also need another bit of enclosed magic that connects your solar power generator into the electric grid. Installing that last part requires the services of a licensed electrician, and probably half a dozen Government permits. Keep this extra expense in mind as we get into the cost/benefit comparison.
Moving on, current prices for 1 watt of solar power production, with all the added hardware are between $7 and $9. That figure assumes you do the instillation, so if you’re not handy with tools, it’ll be a good deal higher. In simple terms, that means to produce 1,000 watts it will require something like $8,000 of installed equipment, which, assuming an average of 12 hours of good sun, yields 12 kWh per day, or $0.84 worth of electricity. Since it works every day, that’s $306.60 per year, meaning that it will take 26 years to pay for the investment cost, not taking into consideration the lost interest on the capital, especially as the expected life time of the equipment is probably shorter than the time needed to break even.
Now for the good good news, while electric prices are starting to go up, the cost of solar panels is about to go down! The increasing amount of propaganda about going “green” is driving up demand, and this is moving investment capital into the industry, and larger scale manufacturing should produce a cheaper product. The same pressures are also causing an increase in Government funding for research in the area, and there are several improvements in the technology that should lower the cost of production and increase the efficiency of each solar panel. Beyond that, the Government is already willing to help you make the leap with tax breaks and low interest loans. As the “Green” movement gains momentum, Government assistance to individuals wanting to do their part to safe the world should increase dramatically!
Thus, my advice is to keep an eye on:
1. your electric rates
2. the cost of installed solar panels and the equipment needed to connect them to the grid
3. the amount of Government assistance available
When the break even time drops to a period you can live with, jump in. Oh, and in some areas it may be worth taking the boost to your social status into consideration.
In a related bit of planning, it’s also important to consider whether these things will even fit onto your home. Our house, for instance, is surrounded by 100 year old oak and walnut trees, so I’ll have to mount the solar panels on the bar roof and/or along a fence row, which will, no doubt, be more expensive. Along these lines, and even if you don’t go solar, you should also consider what will happen when your neighbors do. If the recent case in California, where the person who put solar panels on his roof was able to force his neighbor to cut down several trees that cast shade on them, is any indication, then planning in this area may well be worth while.
the Grit






