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Renters. Every time I hear about advances in renewable energy I get a little sad. I've rented for the last decade plus, and unless I get married and decide to
by james-skemp 12y ago
Renters.
Every time I hear about advances in renewable energy I get a little sad. I've rented for the last decade plus, and unless I get married and decide to settle down, will probably continue to rent for the next decade plus.
Homeownership would allow me to take advantage of these sorts of advances, but so would the ability to take advantage of this as a renter.
Looks like only ~35% of US households rent, according to http://www.nmhc.org/Content.aspx?id=4708%20 http://www.nmhc.org/Content.aspx?id=4708%20 , so perhaps that's why.
- prostoalex 12y agoYour landlord, however, has an incentive to install solar (and claim the relevant tax credit) in order to increase the attractiveness of his rental by advertising lower utility bills.
- bjelkeman-again 12y agoWhere I live, in Sweden, you can. I purchased shares in a wind power coop. It feeds me all the electricity I need wherever I live in the country, at cost of production. And with interest rates at effective zero here the investment is significantly better than having the money in the bank.
- aharonovich 12y agoSo who is covering the cost of transmitting to power from the wind farm to your city and the cost of distributing it all the way to your home?
- bjelkeman-again 12y agoI am covering the cost. I pay network charges like everyone else.
- aharonovich 12y agoWow, this is really a great system. Wish we had that in Israel.
- patrickk 12y agoInteresting. Would you mind posting details? I would like to know more, if it's possible in Germany, expected ROI etc.
- bjelkeman-again 12y agoI don't have access to the detail at the moment. I'm easy to find so ping me an email as a reminder.
- bjelkeman-again 12y agoA quick and dirty calculation: I bought 28 shares from OX2 windpower coop, which entitles me to 28,000 kWh at cost price. Which is what our house/home office uses per year. The price is about €700/share. But I bought shares from the market (people that want to sell their shares), which for some reason are cheaper. I paid about €590/share. Over the last seven years (I haven't had my shares that long), the saving on cost of electricity, which is tax free, would have been about €960/year. Which is about 5.7% ROI /year. Better than bank rates but worse than index linked stock market investments (I think). http://www.ox2.com/en/wind-power/private-users/ http://www.ox2.com/en/wind-power/private-users/ I don't think OX2 offer electricity in Germany, but maybe in Finland and Poland. Even if they did, it would also depend on how the German regulator has structured how this can work, as well as how taxation on this is structured.
- patrickk 12y agoThanks!