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This is a discussion on Solar and Oregon within the Energy forums, part of the US Discussion category; Quote: Originally Posted by Old Rocks Really? Surely does not seem to be the case now. Renewable Resources Residential Energy Tax Credits for Solar Even ...


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Old 06-29-2010, 07:01 AM
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Quote: Originally Posted by Old Rocks View Post
OPB News The Switch: Is Solar Power Only A Rich Man's Renewable Source?
Quote:
Osborn says upfront installation costs can make projects like the Pro Logis lease too expensive.
“We invited three solar installers to come out and do bids, and when we looked at the bids, we decided that even though we’d really like to do this, it didn’t make financial sense, it didn’t pencil out, because it would be nearly 30 years before we'd get our money back.”
Pengilly says his system would have cost him $14,000 up front, and later, he’d get up to $10,000 of that back - over a few years - through tax incentives.
The last four grand he'd recover - very slowly - by cutting his electric bill by about $25 a month
You have to admit that's too much money up front to save a measly 25 bucks. Some friends of ours who live in sunny Southern California bought a complete solar system from the electric company (So Cal Edison). The nice part is that they have no electric bill (except for the taxes) but they do have to pay the bill for financing the whole installation over 20 years. So the whole thing is just a wash.
And apparently there is a problem with giving tax breaks to businesses in Oregon as well:

The Problem With Oregon’s Business Energy Tax Credit | Triple Pundit: People, Planet, Profit
Quote:
Walmart “raked in $11 million by taking advantage of it—without ever touching a solar panel or a wind turbine.”The Weyerhaeuser Paper Mill received $3.3 million in Oregon energy credits in 2008 for revamping a biomass plant that burned wood waste for heat and steam, and capturing the heat to dry paper. The company then sold energy tax credits to Walmart for $2.3 million in cash. Walmart is able to deduct the full $3.3 million from its Oregon income tax over five years. Last year, International Paper bought the mill and shut down production. Walmart is benefiting from energy tax credits even though the mill is no longer in operation.
"The problem is, we’re taking taxpayer money that is supposed to be accomplishing energy efficiency or power generation and instead we’re putting it into the financial market,”
Wow, all that tax money wasted, but hey, your energy bill may fall 25 bucks a month.
Sounds like yer typical Green Jobs scam. Business benefits while the taxpayer gets screwed.

But you would just consider that "silliness" right?


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  #17 (permalink)  
Old 06-29-2010, 07:54 AM
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Quote: Originally Posted by Old Rocks View Post
Now Fritzy, no reason to wax more stupid than ussual. What are the subsidies for Petroleum? How about those for coal producers? Once the very efficient and low cost solar manufacturing plants are up and running, then the subsidies will cease. And they are just around the corner, being built as we post.
And how much of the subsidies is made back in taxes and rent costs from the federal government? All of it? More?

You try to play this game, but you just can't be anything but a partisan hack who won't be honest.

"Around the corner"? ROFL... you're right... in 75+ years, for residential and low energy commercial only. Not industrial.
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