Now Big Power Companies Want a Piece of
the Sun
It appears to me that now energy utilities want a
piece of the sun. Shouldn't the sun (the moon and stars) be out of their reach?
I kept my old solar charged cell phone almost forever (it was ancient according
to the sales people at the cell phone place) but I loved that I was able to
keep it charged for free. It is true that I finally caved and now have the
latest cell phone technology and I now view my old solar phone like a bad
relationship that I’ll never go back to, but I am still a big proponent of
solar energy. That hasn't changed for me and money is still at the heart of
solar energy growth. And even Wall Street continues to like solar. If you are
using solar energy you still pay the power company to use their grid, even if
they buy back your excess power. You also have to pay for your panels, their
installation, and maintenance. The price of this is going down but still
remains a hefty investment. If the power companies have their way and increase
what solar users pay it will take longer for your investment in solar to see
fruition.
"The success of solar power is forcing
utilities to rethink their business model and push for the changes," said
Franc Del Fosse, an energy industry lawyer and partner at Snell & Wilmer.
"If you have individuals putting solar panels on the roof, it's easy to
suggest that a utility is making less money."
The utilities companies’ efforts to garner higher
fees on solar panel users could backfire because when the fees become too high more
companies and individuals will go to the independent energy producers. Maybe it
is too late for the big utility companies to restructure their business models.
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