Uncategorized 01 Feb 2007 02:39 pm

Gaia Got Bank

Just learned from Ryan at Gaia Development that Bank of America is now folding 100% financing of solar into 2nd mortgages, so with the savings in power you’re cash positive day one. Wow.

Meanwhile, his company is willing to give us some RECs or rewewable energy credits to count against our carbon offset total. And will sell some cheap on the side. And may have VC money to bankroll the Gerlach project.

And Tom Clarke, our man in Reno, has another client who’s willing to kick in some comp wind turbines, to use at the event, and then in Gerlach.

And word is the legislature in NV may scale up the amount allowed to be net metered back into the grid ( that’s when they have to buy back your power if you generate more than you can use ) from 30 KW per meter to 1MW per meter.

1MW. That’s how much juice we need to save or generate to make Gerlach the first town in the world to generate more energy than it uses. By my count, we’ve got soft lock on somewhere between 25-55% of that total. And it’s February 1. Not bad.

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