CitizenRe claims you can buy on a year by year basis or a 5 year at a time basis. Your rate changes each year (quite possibly that’s in your favour) on the year by year. Only the 25 year offers the onetime free move of your house.

But yes, I don’t understand how they do Pittsburgh, either. And beat West Penn Power’s 7.4 cents/kwh to boot.

I predict solar will come down, and that is the historic trend. Carbon-fueled grid power should go up, too. At some point the grid starts moving to the newer, cleaner, cheaper sources, be they cheap solar or otherwise. Eventually the tax credits and rebates vanish, though.

But CitizenRe’s CFO wouldn’t allow them to sell this plan if they didn’t have math to show it making money, even with some planned number of defaulting users in the event panels become cheap. If you take the 25 year plan, you pay them that rate for 25 years so it doesn’t matter then, to them, if panels become cheaper. If you take the short-term plans, it seems they could get royally screwed by panels and grid power becoming cheaper.

So while I happily believe ordinary homeowners might dupe themselves into thinking their PV system is cheaper than grid, a large company won’t make that mistake. The question is, how are they making it work, and how much of it is the taxpayer?