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by com2kid
781 days ago
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> So what? They've invested a large amount of capital in order to avoid low $0.13/kWh residential electricity rates that come from more or less entirely carbon-free sources As per PSE (the power company for the Seattle Metro but outside of Seattle itself), only 23% of the energy sent to surrounding areas outside of Seattle city proper is from hydro. FWIW Nuclear is less than 1%. 46% is fossil fuels, natural gas and coal. As for the payback period on solar installs, it made a lot of sense a few years ago when the state had incentives. With the ability to bank credit, plenty of people around Seattle who have solar panels are only paying for electricity for 3 or so months of the year. Is it a slam dunk? There is probably better ROI on an index fund, but it is not a money losing proposition by any means. |
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