Documenting the Coming Singularity

Saturday, August 03, 2013

Trending - Solar Power and Net Metering

Digital Trends - By Bill Roberson  —   August 2, 2013

Under net metering, utility companies have to in some fashion pay the owners of private solar power installations (or other generators of renewable power, like wind farms they don’t own) for power generated beyond the needs of the solar/wind power facility owner, like that guy down the street that just had the big solar array put on his roof.
An interesting article published recently in the New York Times has me wondering if there isn’t a vast technological and industrial shift taking place in the United States – and maybe beyond – and how tech icon Elon Musk may be at the center of it, unintentionally or otherwise.

In a nutshell, the Times story essentially said that electrical utilities are waking up to the fact that residential solar installations are stealing their business. While they currently generate less than 1 percent of the power in the United States, their proliferation may pose a threat to the very existence of power-generating utilities in the long term.

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