Wednesday, March 9, 2011

It was a great day for solar

For the record, it was a very bright day. In solar speak I might dare to say it was over 1000 watts per square meter. Put it this way, if you have a solar array spinning your meter backwards, it was spinning pretty fast.

I just wanted to let everybody know that the California Public Utilities Commission mandated California Solar Initiative is @$0.35/watt of electricity installed. What that means is that if you have a 10kW PV array, you will get a check from PG&E for $3500, that is not to shabby, especially if you consider also factor the 30% tax credit that was incentivized by the Federal Government. Long story short, ~33% of your PV array is paid for by Uncle Sam! Not a bad time to go solar, all things considered.