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Old 07-08-2008, 12:09 AM   #11 (permalink)
dremd
EV OR DIESEL
 
Join Date: Dec 2007
Location: South Louisiana
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Few holes in their calculations (Louisiana)

1) Our electricity rate recently went (since my first post) Get this : DOWN 1c/ kwh to 6.9c/ kwh
2) We don't have Property Tax on homesteads.
(State owns lots of oil producing property (offshore) and the money from that takes care of the majority of what property tax would have paid for.
3) as I mentioned above $18~$20 per installed watt. at Those prices they are just subsidizing the installers. (Anybody know how to become a certified solar installer?)
I TRULY do wish this were economical, if it were at least closer (>20 years would work) I would consider this heavily. However at this point I can much better spend my money on conservation (geothermal heat pump would probably pay much better in both carbon and money).


Although the 50% tax credit $ does come from a fund which would otherwise subsidize chemical plants so taking money away from chemical plants is a hidden Bonus.

Quasi-un-related subject:
Oh and the Net metering rule was pushed through by a hydrogen fuel cel project (locally) in 04~05. They ran the fuel cell on Natural gas, used the 5kw of electricity and took the waste heat to power a desiccant wheel. Managed to break even and get a 15 year ROI. And that was when I realized that Hydrogen was going noplace fast.

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