GreenBuild Blog
Monday, December 22, 2008
Raising the Roof for Solar Power
Duke’s proposal is currently before regulators in North Carolina. Basically, the company will install, own, operate and maintain photovolatic (PV) installations on residential, commercial, institutional and industrial rooftops and feed the power back into the grid. The company proposes to invest $50 million over two years to generate 8 megawatts (MW) of solar power. That brings the cost down to $6.25 per watt, and it’s a great way for any electric utility to meet Renewable Portfolio Standards (RPS) that more states are requiring. It also takes a financing problem away from individual homeowners, businesses, and school districts and puts it where it belongs: in the hands of utilities. In reality, this is a very modest proposal, but it’s a good first start.
Posted by Jerry on 12/22/2008 at 08:46 AM
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