NM college spends $5 million on solar array to save $200,000 in utility bills
Santa Fe Community College has just unveiled a solar array that, it says, will save the college at least $200,000 a year on its utility bills.I'm going to have to call bull**it on the cost and savings, too. I suspect that the cost will exceed the $5 million figure, and the "savings" are based on a wildly enthusiastic reckoning. I'd be shocked if this made money back in 50 years.
But the array, funded by taxpayers in a 2010 bond election, will cost $5 million.
You don’t have to be a math major at the college to figure out it would take 25 years of $200,000 cost savings per year to reach the $5 million mark for the project to just break even.
Now, I have nothing against alternative energy. I would *love* to have a solar array or windmill that would generate enough electricity to power my house year round. However, I don't happen to have a spare $50K kicking around to get set up, and if I pitched it to my wife that we would make our money back in 25 years, when she stopped laughing at me she'd say no anyways.
You want to sell alternative/green energy as a source of renewable, clean energy? Great! You want to sell it as an off-the-grid, preparedness, TEOTWAWKI stuff? Totally understand. Would love to have a house with solar power, a well, and septic - in case of zombies, dig moat. But don't sell solar/wind/unicorn fart power as some magic money savings, because it's just not there.
And anyone who says it is is a big fat liar.
That is all.