With all the almost daily pleas from ERCOT for us residential customers to conserve electricity, I got to thinking about solar power once again, and how it makes no sense financially to install. A good number of people bought solar when the IRS would give you a sizeable tax break, but still, it would be thousands to install, and it didn't make much sense to me then, and with all these cries to conserve, I guess I'm confused as to why ERCOT and local utilities make it an unwise investment to install solar, from my vantage point.
I used this example. I'm a CSU customer, and I pay roughly $0.14 / kWh. Now, if I spent tens of thousands of dollars, and generated my own power, enough to feed back into the grid, CSU only buys from me at $0.04 / kWh. It costs them nothing to generate this power, so if ERCOT and CSU really wanted a sustainable grid, they'd buy back at what I buy for, or at least a better rate than at a 66% discount.
Curious to see what @Bob Yancy thinks about this.
I used this example. I'm a CSU customer, and I pay roughly $0.14 / kWh. Now, if I spent tens of thousands of dollars, and generated my own power, enough to feed back into the grid, CSU only buys from me at $0.04 / kWh. It costs them nothing to generate this power, so if ERCOT and CSU really wanted a sustainable grid, they'd buy back at what I buy for, or at least a better rate than at a 66% discount.
Curious to see what @Bob Yancy thinks about this.