In many states, like my home of New Jersey, you can actually
get paid for your efforts. While you cannot physically sell the power you make,
you can receive rebates and savings through state programs. In NJ, this is done
through SREC (Solar Renewable Energy Credits). These are given on a monthly
basis based on the number of KW/h your solar panels generate. The credits are a
trade able commodity, with market price subject to supply and demand. Utility
companies are required to buy a certain number of these credits each year. The
credits are expected to go down in value predictably as more people enter the
market by generating their own solar. Therefore, solar grid
inverter producers are
encouraged to sell them as they earn them.
Another way to save/earn money from solar is to lease your
affordable space to an entity that will use it to produce solar. Leasing your
available space will provide monthly rent from an area of real estate that was
presently unable to produce income. Large rooftops, especially distribution
centers or office spaces, are prime candidates for this arrangement. Any
company with a usable roof should consider setting up some form of hybrid
solar inverter
generation. What else are you going to put on the roof that will earn you
money?
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