DIYbanter - View Single Post

chaniarts[_3_]

On 2/13/2013 1:48 PM, wrote:
On Feb 13, 2:26 pm, wrote:
On Wed, 13 Feb 2013 13:31:43 -0500, "Ralph Mowery"

wrote:
I think he said right now you could get about a 60% tax credit so the cost
is less than half the list price.

That is the only way these things make sense, perhaps the most
regressive program since the Social Security tax.

Poor people pay more for power and a bigger tax bite so rich people
can buy solar collectors.

That pretty much sums it up. Here in the Peoples Republic
of NJ, that's how it works. They put a tax on everyones
electric bill. That money goes to send nice, big fat checks
to the NJ folks that put up solar collectors. Those checks,
plus the federal tax credits are what makes it have an
acceptable pay back to install. And you get those big fat
checks, not for any excess power you produce, but just
based on the total power you produce, whether you use
it for you hot tub or send it to the grid. Most people use
all they produce.

even better, here in AZ, they just increased the eco monthly fee because
the utility isn't making enough profit, because everyone is generating
too much power, economizing, installing cfl, and shifting power usage to
off hours.