We just heard about a new program that enables apartment dwellers to reap the benefits from solar panels. Here's how it works: customers sponsor solar panels located in a sunny location attached to the California power grid. The power generated is then sold to the grid and you, the customer, receive a portion of the revenue.

Each block costs $1,000 and consists of three panels, and each panel yields revenue for 10 years. As the price of electricity goes up, so does the revenue. The program is still under development, and their current sign-up form is merely a way to collect the names of people possibly interested in participating once it gets going.

See more at SolMeter.

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(Image: Flickr member Port of San Diego licensed under Creative Commons)