So, Austin Energy is paying $0.05/kWh for solar.
http://www.treehugger.com/rene... and that price is expected to fall by 2020 when the technology is expected to be available. So, say $0.02 per kWh. You need about 32 kWh to make a gallon of jet fuel at 100% efficiency so that comes to about $0.64/gallon. If you want to stay under $2/gallon, the process could have an efficiency as low as 32%. Since hydrolysis can be done at much higher efficiency, and catalyzed fuel production is exothermic, they'd have to have very poor CO2 capture efficiency to make this look like the dog you are claiming.