Money Blog - Buying Solar Cells for Passive Income


THE SCENARIO In 2016, I ran across a company called Arcadia Power* that lets you transition 50% or 100% of your electricity usage to wind power. Since the 50% option didn't increase my bill at all, I decided to give it a shot, and it's worked so well that everything has been the same on my end (except that their auto-pay was easier to set up than Southern California Edison's had been). Last week, they started up a new program where you can purchase solar cells located in various places around the US, and the electricity the cells generates defrays your own electricity expenses. It's an interesting concept to a high-rise dweller like me, as I'd like to use solar power, but I don't have a roof to put solar cells on. Even if I did have a roof, the program is int... Read more...