Post by jeffolie on Jul 1, 2011 11:06:16 GMT -6
Small Solar vs Smallish Solar vs Big Solar
Big Solar's big score: Big solar got $4.5 Billion today from the federal government's loan guarantees. $4.5B is real money compared to Smallish Solar's $.28B at Google and Small Solar home systems at $.000000004 Billion each.
Big Solar dominates the electrical production in California with the CA state mandate of 33% from alternative electrical generation in the near future SIGNED INTO LAW. Monopoly by geography: Electical providers such as SCE, PGE are to sole, monopoly electricity providers to homes while the very largest buyers in industry can access other sellers. Monopoly by geography and the mandate means that SCE et al build big concentrated solar electrical generating sites...this is Big Solar.
Small solar means residential owners put panels on their roofs and escape the geographic monopoly ... the expense ranges from $25,000 and up with a payback of 7+ years coming with a life of system return on investment of about 10% to 25% depending on the system and electrical demand by each residence... sizeable cost and long time period commitment. With houses underwater and prices continuing to decline, the CA state screwed new comers by reducing incentives thus reducing future small solar residents who might be willing to go after that 10 to 25% return on investment ... plus no rate hikes when you produce your own electricity on your roof.
Enter Google via SolarCity .... Smallish solar: $280M Google roof top panel funding
I do not like SolarCity's lease program because SolarCity takes away a lot of the 10 to 25% return on investment to the resident. Just like leasing a car... the leasing company and financing bank suck up money. Small solar that happens with the resident paying cash avoids the sucking off from the rate of return. SolarCity and Google defeat the rate of return for residents.
$280 million in financing from Google will create lots of leases and roof top solar panel installations. The residents better look closely at the deal with SolarCity/Google...I have no information but the 'Devil is in the Details' ...
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First Solar Wins $4.5 Billion in Loan Guarantees From U.S.; Shares Climb
Jun 30, 2011
First Solar Inc. (FSLR), the world’s largest maker of thin-film solar modules, won $4.5 billion in conditional loan guarantees from the U.S. Energy Department for three projects it’s developing in California.
First Solar’s Topaz and Desert Sunlight projects, which will each have 550 megawatts of capacity, and its 230-megawatt Solar Ranch project were each offered low-cost financing needed to begin construction, the Energy Department said today in an e- mailed statement. The agency must distribute all the funds before the loan guarantee program expires at the end of September.
The Energy Department has offered conditional loans or loan guarantees to 40 clean energy projects totaling $38 billion, including $16 billion for solar energy projects. First Solar’s 290-megawatt Agua Caliente project in Arizona, which is being built for NRG Energy Inc. (NRG), in January won approval for a loan guarantee of as much as $967 million.
First Solar said construction on those approved today will add 1,400 jobs and that the more than 20 million cadmium telluride glass panels used in the projects will be manufactured at plants in Ohio and Arizona.
First Solar rose $6.83 or 5.3 percent to $136.25 at 9:30 a.m. New York time in Nasdaq Stock Market trading. Before today’s gain, the shares had risen 14 percent since Jan. 1.
www.bloomberg.com/news/2011-06-30/first-solar-wins-4-5-billion-in-loan-guarantees-from-u-s-.html
Big Solar's big score: Big solar got $4.5 Billion today from the federal government's loan guarantees. $4.5B is real money compared to Smallish Solar's $.28B at Google and Small Solar home systems at $.000000004 Billion each.
Big Solar dominates the electrical production in California with the CA state mandate of 33% from alternative electrical generation in the near future SIGNED INTO LAW. Monopoly by geography: Electical providers such as SCE, PGE are to sole, monopoly electricity providers to homes while the very largest buyers in industry can access other sellers. Monopoly by geography and the mandate means that SCE et al build big concentrated solar electrical generating sites...this is Big Solar.
Small solar means residential owners put panels on their roofs and escape the geographic monopoly ... the expense ranges from $25,000 and up with a payback of 7+ years coming with a life of system return on investment of about 10% to 25% depending on the system and electrical demand by each residence... sizeable cost and long time period commitment. With houses underwater and prices continuing to decline, the CA state screwed new comers by reducing incentives thus reducing future small solar residents who might be willing to go after that 10 to 25% return on investment ... plus no rate hikes when you produce your own electricity on your roof.
Enter Google via SolarCity .... Smallish solar: $280M Google roof top panel funding
I do not like SolarCity's lease program because SolarCity takes away a lot of the 10 to 25% return on investment to the resident. Just like leasing a car... the leasing company and financing bank suck up money. Small solar that happens with the resident paying cash avoids the sucking off from the rate of return. SolarCity and Google defeat the rate of return for residents.
$280 million in financing from Google will create lots of leases and roof top solar panel installations. The residents better look closely at the deal with SolarCity/Google...I have no information but the 'Devil is in the Details' ...
============================
First Solar Wins $4.5 Billion in Loan Guarantees From U.S.; Shares Climb
Jun 30, 2011
First Solar Inc. (FSLR), the world’s largest maker of thin-film solar modules, won $4.5 billion in conditional loan guarantees from the U.S. Energy Department for three projects it’s developing in California.
First Solar’s Topaz and Desert Sunlight projects, which will each have 550 megawatts of capacity, and its 230-megawatt Solar Ranch project were each offered low-cost financing needed to begin construction, the Energy Department said today in an e- mailed statement. The agency must distribute all the funds before the loan guarantee program expires at the end of September.
The Energy Department has offered conditional loans or loan guarantees to 40 clean energy projects totaling $38 billion, including $16 billion for solar energy projects. First Solar’s 290-megawatt Agua Caliente project in Arizona, which is being built for NRG Energy Inc. (NRG), in January won approval for a loan guarantee of as much as $967 million.
First Solar said construction on those approved today will add 1,400 jobs and that the more than 20 million cadmium telluride glass panels used in the projects will be manufactured at plants in Ohio and Arizona.
First Solar rose $6.83 or 5.3 percent to $136.25 at 9:30 a.m. New York time in Nasdaq Stock Market trading. Before today’s gain, the shares had risen 14 percent since Jan. 1.
www.bloomberg.com/news/2011-06-30/first-solar-wins-4-5-billion-in-loan-guarantees-from-u-s-.html