Green energy co-op

[alcaatwork]

http://optionsforgreenenergy.ca/

I attended a seminar today. It looks very good, to me.

[Heynow999]

Link doesn't explain much, it's under construction. Could you elaborate?

With the new FIT program, it is possible to rent roofspace and install solar panels and make money. I assume it is this type of thing. I am both a landlord and a solar installer so I have a lot of insight into this. I personally see a problem with getting affordable roof space. A 10kw system is huge and will only make about $10,000 a year. I have a building that could support that but I would want several thousand at least in rent and that would put a huge dent in the revenue. That might make it not viable.

[alcaatwork]

Assuming FIT means Feed-In-Tariff, they mentioned that stuff at the meeting and there was a guy from the city there to answer questions about the tariff.

Basically, their system is to get a loan from people and they guarantee a 5% per year return on that for 20 years plus your rate of return increases whenever the price of electricity goes up. So one way to look at this is that it's like a GIC linked to the price of electricity; or you can think of it as pre-paying for 20 years of green electricity. Also, you get one vote on which form of green energy they will invest in.

You seem to know more about this stuff than I do, you might want to give them a call and ask your more involved questions which I probably couldn't answer.