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Historic Landmark Gains 100 kW Solar PV System

May 23, 2005   |   10 Comments

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The photovoltaic array...is expected to offset $30,000-$37,000 per year in avoided electric costs.
10 Reader Comments
Comment
1 of 10
May 23, 2005
Jesse, I'd suggest, as I did above, simply describing it as the "state SGIP rebate" b/c I'm not so sure that most of your readers are aware it's a state rebate. Why perpetuate IOU propganda?
Comment
2 of 10
May 23, 2005
In response to the unidentified guest user urging REA to clarify the specifics of the PG&E Self-Gen rebates -- yes, you are emphatically correct! We know this -- as do most of our readers -- and therefore long-ago made an editorial decision not to reiterate these specifics each time we run a related item. If you disagree with this minor policy, feel free to elaborate via our contact form or by leaving your email address in the comment forum. -- Editor, REA News
Comment
3 of 10
May 23, 2005
Does anyone know what the annual cost of this system is? We always hear about the electricity costs it will offset, but we never hear about the annual cost of the system and therefore the payback period.
Comment
4 of 10
May 23, 2005
One more time: it's NOT PG&E's rebate - it's the ratepayers rebate b/c we all pay the fees that support the rebate. I wish REA News would simply describe it as the "state rebate." PG&E and other IOUs simply collect and distribute the cash - and then take credit for the program. Also, non-IOU-owned systems like this do not contribute to the state's RPS goals. The IOUs currently have to build their own renewable generation to meet that goal.
Comment
5 of 10
May 23, 2005
Yeah Oakland! I love my city. More cities need to take on projects like this!
Comment
6 of 10
May 24, 2005
To the dolt who couldn't figure it out, the system saves $37,000 a year. Next year it may be more due to rate increases. Maybe if you weren't skipping class on math day in the second grade you could have figured out that balance of $400,000 is quickly amortized in 10 years. For the next 20 years of system life, the system savings will total over $750,000. Or, maybe you would have gotten a bigger kick out of spending that money to build a statue of some dead politician on the waterfront.
Comment
7 of 10
May 24, 2005
That is Freaking awsome!!!!
Comment
8 of 10
May 25, 2005
Hey, folks, as the article states the real cost is twice that - which means that the payback is about 22 years (at constant electric rates, but that also doesn't include maintenance and upkeep). So no real savings for 22 years doesn't sound like good finances to me.
Comment
9 of 10
May 25, 2005
Dear Mathematical genius,

thank you for clarifying that.
I'm sure that you feel better about your superior self now that you have ridiculed the Guess post asking a legitimate question about costs and amortization.

btw - in case you skipped math class in 2nd grade - 400,000 divided by 37,000 is closer to 11 years, not 10 - not that careless rounding would make you a mathematical 'dolt'. Now off to remedial nice-ness class for you.

as for Oakland (& CA) kudos - may there be many more.
;-)>
Comment
10 of 10
May 30, 2005
As to costs and savings, we know the cost to install; and maintenance is very low, tops $1,000 per year average. The price we compare to is our electric bill rate. This price is so subsidized by us, the tax payers, that it really doesn't reflect the true cost of our electricity. Nor does it take into account the health costs and environmental damage of fossil and nuclear fuels.

Balance all the costs yourselves and decide which way you would choose to generate your energy.
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