Solar farm , could I make money?
I'm
22 and I live in Australia, recently I have bought average on a flat
piece of land. I'm just wondering if I could fill maybe half of my land
with solar panels. I have heard if you don't use the power it will be
sold to the government, this is where I think I could make some money.
Would I? Please help.
Green Living - 10 Answers
Random Answers, Critics, Comments, Opinions :
1 :
It
is true that you can sell energy back to power plants. However, solar
panels would be a huge investment and it would take years to turn a
profit. As well, solar panels only last about 10 to 20 years. I think if
you really are interested in doing this and have a lot of money to
invest into it, you should consult an environmental agency in your area
to find out the legal issues on doing this and talk to power plants on
how much energy you could expect from the panels and how much money you
can expect to make.
2 :
slight correction you can use the
power but the excess power you can sell to the national power grid, its
what im planning todo as its better to get paid than to pay :)
yeah wt he/she said actually you would propably be a lil bit better with
a small wind farm which can be repaired easily and some people have the
theral solar plannels to heat the water up on the house
3 :
Depends
on many factors such as how much sun shine do you get per year? Does it
snow where you live? That snow and ice would have to be removed in a
way that doesn't damage the solar panel. Do you have a major power line
near your house? Depending on the output of your system the average run
of the mill house hold type power line may not be able to handle the
load? If you have the money to set it up I wish you luck.
4 :
solar farms are expensive, put up cell phone towers, they are cheap and low maintenance
5 :
Not
at this stage, there are serious problems with the system as
governments haven't yet introduced effective laws. What state or
territory are you in? Check with the government agency to see what the
rules and regs are.
I know some people are paying more money after installing solar power
because it only generates during the day and they are at work during the
day, and then come home at night and use electricity from the grid. It
was on A Current Affair so it must be true ;-)
6 :
I live
in Florida and have solar for my home. In the US if I don't use all of
the energy it goes back to the electric company and I receive credit
for it. Some months I owe nothing, other months I get credits and some
months my bill is dramatically reduced.
I've had it for two years now and it is maintenance free. The panels I
have are guaranteed for 20 years and each panel sends energy
independently (this means if one panel doesn't work or is shaded) all
of the other panels will continue without degredation. This is MOST
important.
Just keep in mind that solar is costly and the "payback" takes years.
7 :
This
is a business. How many successful businesses have you managed? Are
you thinking that this is soooo good the you don't have to do much of
anything? If that were really the case, don't you think that lots of
folks would already be out there setting up solar farms and getting
rich?
Frankly, i seriously doubt if you'll be successful. Here in Calif, the
utility is not required to pay you more than would be due on your
electric bill. I expect that when home generation becomes even more
widespread, even that limit will be reduced.
8 :
A good
guide would be simply to look around you and see if others are doing it.
There are solar farms in Germany because the economics were right for
them. If there are none in your area of Australia, the financials are
probably not right for such a business yet.
9 :
The
greatest thing about solar power is that it will be here long after us
or grand kids and many generations to come no longer worry about it.
Can you believe that the sun expends 700 billion tons of hydrogen every
second. That is a lot of energy. Not only that but I it is expected to
keep burning for a long, long time about another 4.5 billion years.
That is one of the greatest things about using solar energy for our
energy needs. It is there for the long run. When you add to that the
fact that it is possible to make your own solar panels then it is a
win-win proposition. Don’t forget to look for rebates and incentives
if you ever decide to install a solar system. You can start with the
utilities companies.
10 :
It is a huge investment and takes
a very high maintenance. Analyze thoroughly what your business plan is.
Check the climate of your location, how much sunlight you can get on
your location, etc. It isn't a bad idea but make sure if you have enough
money, time and resources for you to succeed in this business idea.
