How One Man’s Roof Paid for His Car
It’s the first feel-good sustainability story of 2012. A man in Orlando, Florida installed solar panels on the roof of his home, sold the excess power back to the grid, and then used that money to make a down payment on a new Chevy Volt, the plug-in car that gets 60 miles to the gallon.
Now those solar panels are charging his new car.
Bob Stonerock has made $5,600 from selling excess power from his solar roof panels back to the grid over the last two years, the Orlando Sentinel reports, and used that cash to make a down payment on the Volt. The paper says Stonerock “estimates that he will be able to fuel the car almost exclusively from the electricity from the solar panels that power his vehicle-recharging station.”
But before you start attaching panels to your own roof, keep in mind that Stonerock’s solar success is in part due to some creative accounting.
He tells the Sentinel that he “thinks he has the largest residential solar plant in the Central Florida and one of the largest in the state,” with panels that cover all of his roof and even more in his yard. Those panels didn’t come cheap, and he estimates it will take 50 years for them to pay for themselves. So while he has made money from selling back to the grid, it will take decades for that money to cover the cost of his miniature solar factory.
But the story is some good news for General Motors, which sold only 6,200 Chevy Volts in the U.S. last year, about 2,500 fewer cars than the other plug-in vehicle on the market, the Nissan Leaf. And In November, the National Highway Transportation Safety Board announced that it was launching an investigation into Volt batteries that caught fire several weeks after crash tests. GM offered to buy back the Chevy Volt cars from anyone who wished to return them. As of early December, only a few dozen had taken up GM on the offer.
And on Monday, a Pennsylvania lawmaker (and former Chevy dealer) introduced legislation to end the $7,500 tax credit for the Volt. Rep. Mike Kelly (R-Pa.) wrote in a recent USA Today op-ed that GM sells hundreds of Volts a month, but sells thousands of other vehicles, which demonstrates a “lack of mainstream market demand.” Rep. Kelly says that the average income of a Volt buyer is “$175,000 a year, a large percentage of whom are disproportionately concentrated throughout Southern California.”
To top it all off, GM was the worst-performing auto stock of 2011, according to The Motley Fool, with a 46% drop over the year.