Get paid for making shade:
Solar panels generate profits, ward off heat
Jun 3, 2007 - Knight Ridder Tribune Business News
Author(s): James Amos
Jun. 3--Aquila is looking for a few good solar panels, and will pay
you a little if you have one.
The electrical utility company has started a rebate program for
people in the Aquila service area who can supply solar power or the
energy credit created by having a renewable energy source. Kenny Romero,
Aquila manager of renewable energy, said the program stems from a
legislative measure, Amendment 37, that Colorado voters approved in
2004. The legislation requires utility companies to provide a certain
amount of their power from renewabl sources. For Aquila, the solar
requirement in 2008 is 5 percent, Romero said. By 2020, that requirement
will rise to 20 percent of all power provided. So Aquila wants to
partner with people and businesses that have, or will install, solar
electricity panels, he said.
"We want to create awareness of the program," Romero said. "We're
working pretty hard to spread the word." The rebate program works like
this: Aquila will pay the owners of solar panels a rebate of $4.50 a
watt, Romero said. The rebates average about 45 percent of the cost of a
system. The electric utility also will buy power from people or
businesses that generate it with solar power if they have a surplus of
electricity. "The customer gets a lower bill," Romero said, because they
aren't buying electricity from Aquila when the panel is working, "and
when the sun is shining, that meter is going backwards." Aquila also
wants to find people in the company's service area who aren't connected
to power lines and use solar power for their needs.
The utility can buy renewable energy credits, at $2.50 a watt, from
those off-grid people, which also helps Aquila me t its legal
requirement. Aquila's service area extends from Westcliffe to Cripple
Creek to the west and along the Arkansas River through Canon City and
Pueblo to Rocky Ford. The program started modestly in July 2006,
according to Romero, and has paid out approximately $272,000 n rebates
and tax-credit purchases to about 61 system owners. Most were tax-credit
purchases, which Aquila also calls rebates, and 19 were rebates to
existing Aquila customers. The solar requirement is part of Aquila's
overall requirement to purchase or create energy from renewable sources,
Romero said.
Of the 3 percent renewable power the utility must have in 2007, 4
percent of that must be from solar energy and one-half of that 4 percent
must come from photo-voltaic panels mounted on houses and businesses.
The amendment also allows utilities to use wind, water, biomass,
geothermal and other renewable sources. Romero said wind energy has
become affordable in recent years because of the proliferation of wind
farms. But solar energy remains expensive, requiring efforts such as the
rebate programs Aquila burns wood chips at its Canon City power plant, a
use of biomass energy, and plans soon to burn biodiesel at the Rocky
Ford plant.
For more information about the program, call Romero at 546-6534 or
see Aquila's information Web page at
http://pv.aquilaprograms.com/
.
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