New York’s ABC affiliate ran a story on their newscast last night, originally reported in Boulder two weeks ago, about a pilot program run by regional utlity Xcel Energy wherein Boulder residents get rebates from the energy company and top-line Federal tax credits for installing solar electricity systems. Home solar systems have a street price of $40,000, but Boulder residents who take part in the Xcel program would save $25,000 off of that outlay. The remaining $15,000 in out-of pocket costs would then presumably be made up in any additional value homeowners would get once they sold their houses, and, over the long term in excess energy that gets credited back into the regional electric grid.
The Boulder Program offers a guidepost for utilities that may be able to use solar programs to improve their grid, and startweaning the American consumer off of fossil-fred electricity. While $15,000 per house is still a large outlay, it is about average for most home renovation projects, and has the same net benefit of improved home value, with the added value of rolling back the meter on long, sunny days.
The State of New York offers an incentive program for solar wattage generated back into the grid, rather than for the initial installation, and the incentive is paid not to the homeowner, but to the installer, with the “understanding” that the installer use the incentive payment as a portion of the total cost. In addition, the State offers a low-interest loan program for homeowners to install green energy systems. Looking side by side, both programs look indirect, and until demand is high enough to reduce the costs, or an inexpensive option for solar or wind energy is discovered, it’s doubtful that these programs will totally encourage widespread installation of home solar options.