Tag Archives: South Georgia Solar Power

Financing for renewable energy projects

Most of the cost of a corporate or personal renewable energy installation can be funded through federal and state rebates, but the remainder is what stops most people. Here is what I know about that. There are many other sources of information.

Federal 30% and Georgia 35% rebates add up to 65% (see below under DSIRE). That’s for solar (PV or hot water), wind, and some other related items.

The other 35% is what stops most businesses and people. 35% of a $25,000 house solar system is still $8,750. People like that it will pay itself off in 9-15 years, but most people don’t have $8,750 to invest.

That’s a business opportunity for some enterprising local bank or banks. As Dr. Noll has explained, if you pay for that remainder yourself, the system will pay itself off in about 9 years. If you get a bank to finance it, more like 15 years. And local banks currently require collateral other than the system itself (they like real estate as collateral). The simplest business opportunity is for a local bank to accept the solar equipment itself as collateral. After all, it’s worth 65/35 or 185% of the total loan amount.

The Georgia Solar Energy Association (GSEA) can probably tell you more.

Other ways to finance renewable energy projects include: Continue reading

Notes for Mr. Blankenship —Michael Noll

Please note that the following was inspired by a letter (attached as a photograph) that appeared in the Valdosta Daily Times in response to my earlier piece on “Solar: Infinite and Clean”. The Valdosta Daily Times seems to enforce a quota of sorts at this time, so they won’t publish my additional information for Mr. Blankenship and other “skeptics”.

Sources for the Skeptic

I have no idea why anyone would call companies in Mexico or Canada to research the feasibility of local solar energy projects. I also do not know what type of freezer the writer of “Seeking affordable solar energy” has. Either way, I will be happy to share more information, so that anyone interested in solar energy can do more research and educate himself.

At the state level you can contact the “Georgia Solar Energy Association” (www.gasolar.org/) to learn more about the viability of solar power in 2011, which is quite different from the situation in 2001. A larger solar firm our community Continue reading