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Earlier quoted context omitted.
That is not a competitive differentiator.
Show me where I can buy an operating solar panel if I don't have a suburban rooftop. Would make my life so much easier!
@yepnopemaybe Say I want to invest in solar to generate revenue to pay for charging my EV driven 15k miles a year, or about 3750kWh (@250Wh/mi). In my area, that will require about 2.6kW of PV, which at local rooftop PV rates of about $3/W would be $7800 pre Federal tax credit, or $5772 after the Federal tax credit. Meanwhile, 3750 kWh purchased from my utility will cost me about $1000/year at today's electricity rat…
If you need electricity in an area with high electricity prices, and you're getting a tax credit, and you're cutting out the middleman, it would be expected that a local system would have a better rate of return.
@yepnopemaybe Say I want to invest in solar to generate revenue to pay for charging my EV driven 15k miles a year, or about 3750kWh (@250Wh/mi). In my area, that will require about 2.6kW of PV, which at local rooftop PV rates of about $3/W would be $7800 pre Federal tax credit, or $5772 after the Federal tax credit. Meanwhile, 3750 kWh purchased from my utility will cost me about $1000/year at today's electricity rat…
This is basically a variation on the SolarCity business model, but focusing on commercial properties. There is probably a business here, but not one that tries to recruit individual investors because it will only be profitable at scale, and the kind of financial backing needed to do this is available to qualified teams. The recruiting individuals thing is basically an admission that this team does not have access to…
I don't think that is a given - crowd funding can raise significant sums these days
Earlier quoted context omitted.
Show me where I can buy an operating solar panel if I don't have a suburban rooftop. Would make my life so much easier!
You can buy dividend paying shares of companies who operate utility scale solar power plants. No, those shares dont equal a specific panel, but should that really matter to an investor?
I'm not interested in investing in solar power. But I wouldn't mind owning solar generating capacity that covers my family's energy needs; I don't think I need that routed to my own home. That's what the power grid is for. I've been thinking about this kind of "solar condo" or "solar co-op" for a while. City people use energy, and might want to know that their personal energy usage is positively covered by solar.
You could even do something crazy like tokenize the panels themselves and let people buy/sell rights to them on an open market. Be the first company that makes NFTs not a joke.
@yepnopemaybe Say I want to invest in solar to generate revenue to pay for charging my EV driven 15k miles a year, or about 3750kWh (@250Wh/mi). In my area, that will require about 2.6kW of PV, which at local rooftop PV rates of about $3/W would be $7800 pre Federal tax credit, or $5772 after the Federal tax credit. Meanwhile, 3750 kWh purchased from my utility will cost me about $1000/year at today's electricity rat…
We are going to structure the investment so that your returns will be post tax-equity and post-depreciation. We would be opening up a can of worms if each retail investor's return were dependent on their particular tax situation (although we are now working with accredited investors who are availing themselves of MACERS and ITC).
We could never guarantee any amount of generation since this is an equity investment, but to generate 1K worth of power on a facility that returned 7.25% would require about a 14K investment. Of course, if you really wanted to get technical, you would also incorporate the dirtiness of the grid you were selling to into your equation. I hope to one day build those types of tools, too.
For sure, if you can build rooftop solar or use some sort of community solar arrangement, you should do that first before considering Legends Solar - it will likely have a strong financial benefit. But you can only offset as much as you consume using those tools, so if you still have an appetite or would like to offset your non-utility consumption, you might still consider us.
For people who live in the city or who rent and don't have access to those tools, or people who like a good product and just want to understand what they actually own through their investment, you might consider us sooner.
Sorry I can't answer with more detail - I really love quantifying and contextualizing the carbon you'll offset and financial returns you can earn in detail, but I'll need to break out my spreadsheets to really get into it.
I'm not interested in investing in solar power. But I wouldn't mind owning solar generating capacity that covers my family's energy needs; I don't think I need that routed to my own home. That's what the power grid is for. I've been thinking about this kind of "solar condo" or "solar co-op" for a while. City people use energy, and might want to know that their personal energy usage is positively covered by solar.
Many power companies offer the option to pay a bit extra each month to be supplied 100% renewable energy
I was paying extra for green energy from my local power utility (ENMAX) and it turns out, by green they meant they were burning biomass and using some form of carbon offset for it at the time I was paying. (https://www.enmax.com/home/electricity-and-natural-gas/easym...)
That's greenwashing and I won't have any of it.
I am getting panels put in this year; for some people that isn't an option.