You are right, ONCOR has an "rebate" package of in this case $10K, but this does not cover the cost of the system at $27K, I have seen the lease agreement and the buy back at 60 months is $0K.
The only thing I can figure is ONCOR has a second rebate for the installation?
Numbers just don't add up?
:?:?
I'm not sure what numbers you are adding, but there is only one Oncor rebate per installation, if they have any money left in the fund. Last I heard (and IIRC) it was about $2.50/Watt. Also last I heard they were out of money. There's also the Fed tax credit, but in the case of a leased system, the lessor (someone like Solar City) retains ownership of the system through the life of the contract and collects the tax credit and the rebate.
You can set up to buy green energy from Oncor, I believe, but that's something totally different. That's to buy electricity from wind generators in west Texas at a little more than the standard $/kWh but for a locked in period of several years.
Just thinking here... if you signed up for Oncor's green energy AND had a PV system, you would effectively be getting more $ for the energy you produce because the kWh's you offset with the PV would be more expensive ones. Kind of a weird way to look at it, though.
