The Solar Panel Scam
If you own solar panels, you aren’t being paid what they are worth.
That’s true even if you count the subsidies provided by the government. That’s true regardless of where you live in the US.
The reason is that you, as an individual, don’t get the same prices that companies get when they sell power to the grid.
Let me explain this a bit.
Solar panels produce the most during the early afternoon during the summer months.
That, coincidentally, is when the grid is experiencing its peak demand.
At periods of peak demand, the electricity company has to pay up to 50 times more for electricity from power producers than it does during off-peak (i.e. the $0.04 kwh charged by hydroelectric facilities).
Homeowners don’t get paid the peak price for the electricity their panels produce. Instead, they get paid a price that’s less than retail.
That’s a scam.
This scam could turn rooftop solar into a strong source of retirement income nearly overnight if corrected.
Further, it’s a scam that can be easily corrected.
We have the technology to do it. In fact, we’ve already deployed much of it.
Smart meters and time of use pricing systems make it possible to measure the contributions of roof-top solar in real time.
All we need to do is force utilities to stop scamming the people they are obligated to serve.
PS: NRG, Sun Run, etc. are all betting on a future ability to get peak pricing for the electricity they are generating from the thousands of solar rooftops being installed/leased to homeowners.