Ideas are what make the world go round. Ideas are what new businesses are formed on and what drives the economy. So I give an idea that I came up with talking to my friend Roger at lunch today. Here it is.
Everyone who knows anything about alternative energy resources knows that in many places if you have your own solar and/or wind energy you can use that energy in your home and sell back excess energy to the power companies and even make money. Problem is, most people will never invest in them anytime soon. Why?
One, its just not the thing to do...yet. Come on now. Who do you know has solar panels on their roof? Thats what I thought. Heck, I live in Colorado not too far from Boulder and I dont personally know anyone with solar panels on their roof. And Colorado is one of the sunniest places in the US.
Two, the big up front cost. Yep, gas is still "cheap" enough that we keep using it to heat water and our houses. In the winter time I "only" pay a maximum of $300 per month to use it. And we usually keep our house at a toasty 65 degrees!
So, here is my proposal. We need someone to form a company that will install, for free, solar panel systems in people's houses, charge them a rate about half of what the gas and electric companies charge, and sell any extra energy back to the power grid. Is that genius or what?
I haven't really worked out all the financials, but the company should recoop its original investment in 3 to 5 years (which is longer then most investment firms want to wait), and be making straight profit after that with minimal upkeep. The best thing for a business wouldn't be the immediate R.O.I. The biggest thing is building an infrastructure bigger then energy companies over time, and continue to have new business and rising profits as energy prices continue to rise. Talk about stability and potential future profits would be enormous. The energy companies would be forced to change their ways or die.
You dont think it could happen? Believe me, something a lot like it is coming where good business practices and ideas continue to help the community more then the government ever could. Give me your thoughts...
p.s. I have to think about Jasons comment in my previous post and post something about it later down the line.