Thursday, June 30, 2011

Report on a PP stimulus Project.

-Back in 2009, I put the cross-hairs on a PP stimulus project to install solar panels on gov't buildings. Cincinnati took the bait. Local, State came up with a $451,418 check from the PP administration. Based on that figured I found a simple ROI... to extend to nearly the end of this century. This is a gov't project no reference was made as to when these jewels would be paid off, since they were to be used to trim peek electrical demand. It gets better.
There were some PP strings attached: 1) the $s had to be spent in <1 yr. and it had to effect but one building. Since the local folks couldn't come up with one gov't site big enough in sq. ft. they got authorization to slice the pie 13 ways on Park related structures, like the zoo, etc. OK. But there was also no $s to install, so the State and Park District had to come up with another $216,000. Bucks in pocket now $677,418 or just $47,672 avg. ea.
-Typical rate structure for a BUSINESS is based on peak electrical demand, but we are working with the gov't. A commission was set up of Fed, State, Local and Duke Power to work up a rate structure. [ maybe some one thought about a ROI ?... the citizens might find out?, holy cow!!] So they made a deal with Duke Power. All 13 stations will become electrical generating stations. The amount of electric generated is miniscule and they only operate well on clear sunny days, but not all at night and poorly on really clowdy days of which we have in almost equal porportion. The kicker-- these photovolatic cells may have been imported because of the rush to install.
-I can verify one installation in Eden Park. Its on a latrine roof.

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