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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Really? Surely does not seem to be the case now. Renewable Resources Residential Energy Tax Credits for Solar
Even the utilities are helpingOregon solar power and solar energy rebates, tax credits, and incentives. Cost breakdown for photovoltaic panels and solar water heaters[b]Any other silliness to contribute?
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
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
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,”
Sounds like yer typical Green Jobs scam. Business benefits while the taxpayer gets screwed.
But you would just consider that "silliness" right?
No Need to Thank Me For REP!
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.
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.
Admin, please delete account.