Quote:
Originally Posted by KarTek
I'm talking about payback strictly through savings on the electric bill, worst case scenario with no buyback from the utility. Our local power co-op is starting to partner with individuals and corporations to buy back power. I'm going to look into it.
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That's how my administrator's situation works.
The utility company, Southern California Edison, actually buys back power from them as they are generating it.
I understand it was quite an investment for them to get the whole setup installed in their back yard, and then having the electric company connect them to the grid.
They took out a home equity loan to do this, and I think it was in the neighborhood of $30k.