If you are buying electricity from the power company, you are renting those watts, generally at a rate of 8 - 12 cents per watt hour used. If you are a business and consume large amounts of electricity, you generally also pay a demand charge or fee, based on your highest peak usage durng the billing month.

If you install an electric solar system, then you own the electricity being generated, and do not have to pay rent to consume it. For businesses in the right utility areas, not only do you own the electricity you get to use for free, but the power company will pay you rent on it as well!

So, one more advantage to installing a grid-tied photovoltaic solar energy system is that you go from being a renter of electricity to the owner of your electricity. Like your house, once the system is paid off, you own it and what it generated free and clear.

Tags: Business, Energy, General, Solar Energy

This entry was posted on Thursday, September 10th, 2009 at 4:10 pm and is filed under Solar Energy. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.