Commodity Corner

Views on commodities and energy

from Environment Forum:

From Suds to Sunshine in Brooklyn

A green contracting outfit based in a former Brooklyn brewery says it's the first business in a major U.S. city that can sell power back to the grid that it generates from the sun.

New York state gave Big Sue, LLC, which has about 3,500 square feet of solar panels on its roof, the OK to sell any extra power it generates from the panels back to the grid.

For years, homeowners who have put solar panels on their roofs have been able to sell a bit of solar power back to the grid, which has helped them deal with the big costs of buying and installing the panels. For homeowners it can take 8 to 12 years to break even on the initial investment.

New York businesses, which have shorter break-even times on their solar investments due to greater availability of  tax breaks and incentives,  have had to wait until now to get net-metering rights.