Incentives, You want Incentives, I’ll give you Incentives

According to the U.S. Treasury as reported in the New York Times, Oil companies will get 8.2 Billion in Tax incentives over the next decade. The Deep Water Well Horizon (blowout well) has gotten a tax break of $220,000 per day since their lease began years ago. Five other companies with well deep water wells created “corporate inversions” (let’s hear it for intentionally obscure language!)  that has saved themselves $4 billion in taxes since 1999. Look for yourself at http://www.nirs.com/factsheets/productiontaxcredits.htm.\n\nOne cost estimate totals the entire HR.6 boondoggle at about $70 billion. The nuclear section totals a minimum of $15 billion.Continue reading

The Silence Before The Storm

When DOE has the solar application for the incentives the demand for systems will boom.\n\nIn Fla. when the State started the $4.00 per watt rebate nothing happened for 6 months. The public did not understand it, the industry did not know how to apply for it and those writing requirements for qualifying were like one hand fighting with the other because the regulators were either understaffed and/or unfamiliar and underpaid. Expect this with the Federal plan. But… once they finally get it together the cost of solar modules will start to increase rapidly from their current historic low.\n\nIt will be similar to what happened to Germany and Spain where the approx. $.60 per Kwh feed in tariff created tens of thousands of jobs and thousands of new companies. It also made millionaires out of people overnight and made these two countries the largest for PV in the world overtaking the U.S.\n\nIf you want to see the approximate cost for a complete system see below. We are using $7.00 per watt as the average installed cost even though we sell them for around $6.50 per watt:\n

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State Solar Panel System Fed. incentive State Incentive = $/watt
Florida $7.00/W 30% $4.00/W $.90W
Louisiana $7.00/W 30% $1.49/W $1.40/w
Arizona $7.00/W 30% $3.00/W $1.80/W
Mass. $7.00/W 30% $4.40/W $.50/W
N.J. $7.00/W 30% $6.00/W -$1.10/W
California $7.00/W 30% $2.50/W $2.40/W

\nStates have some different ways of applying their incentives and other factors are important to understand so you need to go to www.dsireusa.com to review your state’s incentives. \n