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Solar Energy - Stimulus Bill - Get Solar - No Cost upfront - 20 year payments to Property Tax

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posted on Feb, 14 2009 @ 09:29 PM
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Now, this is interesting, and about the only thing so far I have found of Great Value out of the Stimulus Bill. This I like!

I have been banging my . against the wall for a few years, wanting to go "solar" on my home - but I have found it cost prohibative! Now, this energy section in the stimulus bill, might just provide the means for all of us to go solar!

link to article: solarenergynewsandreview.blogspot.com...


WASHINGTON--(BUSINESS WIRE)--The economic stimulus package just passed by Congress includes strong support for an innovative new solar and energy efficiency financing program that allows property owners to install solar and energy efficiency projects and pay for them over 20 years through a line item on their property tax bills.

This new program overcomes the principal obstacle that has hindered widespread adoption of solar and energy efficiency projects by homeowners and small businesses – the daunting upfront cost. Congress amended the federal tax code to ensure that participants in this program can take full advantage of the 30% solar energy tax credit and authorized the use of Qualified Energy Conservation Bonds to fund the program.


This seems awesome on the face value of it.

There is a phone number in the article, which I will be calling on Tuesday, I will post here the response and information I received!




posted on Feb, 14 2009 @ 09:42 PM
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I will be interested in the followup. Please do post more.



posted on Feb, 14 2009 @ 10:17 PM
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This does seem like a good idea, except for the idea that I must pay for the system up front in the first place, which I can't afford. But, I do remember reading something, or hearing it on a radio show that mentioned a company that would build a solar system for a homeowner, install it on the roof and give the owner 20 years to repay it, with the idea that as you pay your bill for the system, you will be able to afford it because you will be paying less in electricity costs, and even, in some cases have a surplus. Anyone know of this company that will do this? I'd sure be interested. U2U me if you have this information, please.



posted on Feb, 14 2009 @ 10:18 PM
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Its socialism I tell ya! RIGHT!!!!!

Guys???

Where are youuuuuu?



The doom and gloomers are no where to be found...

I know, because the SUN is SOCIALIST!



posted on Feb, 14 2009 @ 10:21 PM
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Ya it sounds nice for those rich people who can still afford their mortgage payments. What does the stimulus package do for those about to go into forclosure or for those who lost their homes already and lost their jobs already?

Not much good solar pannels and water heating gear does when there is no house to install it in.




Cheers!!!!



posted on Feb, 14 2009 @ 10:56 PM
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off-topic post removed to prevent thread-drift


 



posted on Feb, 14 2009 @ 11:08 PM
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reply to post by mental modulator
 


Do you seriously think that this kind of behavior is conducive to a discussion?
Especially when it's possible that some common ground has been discovered in such a polarizing bill? You should be seizing this opportunity.



posted on Feb, 14 2009 @ 11:15 PM
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What I dont understand is that property tax is a local tax, each town or school district pays a different property tax.

So how can a Federal bill like this say that you can deduct money from your property tax?

I may be wrong but I thought property taxes stayed local.



posted on Feb, 14 2009 @ 11:22 PM
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Originally posted by spacedoubt
reply to post by mental modulator
 


Do you seriously think that this kind of behavior is conducive to a discussion?
Especially when it's possible that some common ground has been discovered in such a polarizing bill? You should be seizing this opportunity.



No sir, my comment is intended to make people think. With a little extrapolation one could come to the realization that INSTALLING SOLOR panels and creating the technology is conducive to new jobs. I have tried to be reasonable, measured and logical many times... BURNS does not really care to add to the OP or provide construct - he came to take a dump on it.



posted on Feb, 15 2009 @ 05:10 AM
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I look at this solar initative as a postive. I feel very bad about those people who have already lost their homes.

But I will tell you something, right now. I am working with a certain lawyer who is the only one I know of that has won an OMB case. Anyway, I am talking to him about a way of stopping foreclosures and getting the word out about that. That is a project in the works right now. When I have more info on it, I will publize it. People have won cases - and get their houses lien free..... anyway - more info on that, when available.

Back to this, this is a way for people to get less dependant on the grid, I think it is something very positive.... so until I find out more information, which I will be calling that number come Tues (Monday holiday) I am not going to slam it, but embrace it.

I have everyday, been trying to figure out how to get independant, this is a way.....



posted on Feb, 15 2009 @ 08:40 AM
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Originally posted by Desolate Cancer

What I dont understand is that property tax is a local tax, each town or school district pays a different property tax.

So how can a Federal bill like this say that you can deduct money from your property tax?

I may be wrong but I thought property taxes stayed local.


Very good point. I would imagine it would be some sort of Credit on the 1040 that would have the same effect. I will have to research.



posted on Feb, 15 2009 @ 12:48 PM
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Here is an article that talks about the solar systems with no or (low) upfront expenditures.
www.pe.com...



posted on Feb, 15 2009 @ 01:09 PM
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off-topic post removed to prevent thread-drift


 



posted on Feb, 19 2009 @ 08:23 PM
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I have been banging my . against the wall for a few years, wanting to go "solar" on my home - but I have found it cost prohibative! Now, this energy section in the stimulus bill, might just provide the means for all of us to go solar!
reply to post by questioningall
 


I've installed a couple of solar electric systems and used mostly solar in a house for about 20 years. Also I'm looking forward to going pure solar in a 2 dwelling setup at the "Ranch".

I will do the solar electric system not to "go green" or to save money (although that would be great if it were only the case!" but to be energy independant and not have to depend on the local utility and their power outages. I already heat using geothermal so the solar electric will bring us to complete independance.

That said, I wonder why anyone thinks solar systems when installed are either green or cost effective.

Cost:

Installation for an average household would run $15000 to $35000. You better go toward the upper figure for a good system with adiquate reserves. Installing it yourself will only save a few thousand. The government program you spoke of earlier only saves you 30% so you are still probably going to . to the bank for a loan.

$30000 at 6%, 5 year payments is going to cost nearly $600/ month. The average household electricity usage is 1500 KWH a month making that electricity cost 40 cents a KWH and you can buy that same electricity from my electric utility in Oregon for 8 cents a KWH. Even with Uncle Obama kicking back a third of that you still have some pretty expensive electricity!

Green costs? The carbon costs of those pannels is tremendous, the huge bank of batteries is necessarily high in carbon costs, the arrray of pannels will take up a lot of room, may not be attractive, may not look good on top of your house, will be vulnerable to wind, snow, ice and other forces (baseballs?). The electric boxes sometimes go bad and need to be sent back to the factory (that's a real pain!). Lightning strikes toasting the system are common even with good grounding.

Still interested? I am and hope to start this year. And thanks to the silly Washington legislators, I'll be getting a big kickback from the taxpayers!



posted on Feb, 19 2009 @ 10:28 PM
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Wow, another western government giving 'working families' a bonus.
We get the same tripe from our government here in Australia. Kevin Rudd and his friends seem to forget that not everyone has an income over the poverty line. This bonus for people buying solar electrical systems is bloody useless for people that can't even remotely afford it, and for those of us who can't afford our own home and have to rent.



posted on Feb, 19 2009 @ 11:23 PM
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This bonus for people buying solar electrical systems is bloody useless for people that can't even remotely afford it, and for those of us who can't afford our own home and have to rent.
reply to post by nrky
 


Maybe you missed the point of my post regarding the economics of solar electric and that is that even with Uncle Obama's money give away program to people who install solar electric the practical use of solar electric does not make sense. You will loose money, not make money, you will be upside down. Every kilowatt hour of electricity you produce from solar electric will cost you several time more that buying it from your power company.

And it will only be good for the environment if you disregard the green costs of producing the pannels, batteries and electric equipment.

Solar electric will NOT solve the worlds energy or greenhouse gas problems. The government is waisting its money supporting this system.

Want to know something that will help solve the energy and environment problems? Ground source heat pumps to replace furnaces. I cut my energy costs about $400 to 600 a month by installing mine. Why doesn't the government give you money to put in these systems that actually will do some good?



posted on Feb, 19 2009 @ 11:30 PM
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Originally posted by kyred
This does seem like a good idea, except for the idea that I must pay for the system up front in the first place, which I can't afford. But, I do remember reading something, or hearing it on a radio show that mentioned a company that would build a solar system for a homeowner, install it on the roof and give the owner 20 years to repay it, with the idea that as you pay your bill for the system, you will be able to afford it because you will be paying less in electricity costs, and even, in some cases have a surplus. Anyone know of this company that will do this? I'd sure be interested. U2U me if you have this information, please.

California has a program like that. Of course, that's partly they are bankrupt.



posted on Feb, 20 2009 @ 12:06 AM
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Sweet. We have been looking at installing a a 4-5 kw system on our ra solar hot water system as well. It will be interesting to see how this pans out.

I am curious however as a previous poster stated how exactly will they levy this federal program onto a what is really a county property tax??

If people are interested the City of Berkely has such a pilot program already in place. The city pays upfront and the owner pays it off over 20 years.

 


Kudos to all the haters in the thread, but this is not mean its for the rich only. If you live within your means, have no credit card debt, pay cash for almost everything then the 30-40 spread out over 20 years should not be a big issue.

[edit on 2/20/09 by FredT]



posted on Feb, 20 2009 @ 02:27 AM
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I am curious however as a previous poster stated how exactly will they levy this federal program onto a what is really a county property tax??
reply to post by FredT
 


The Feds could require the States and Locals to absorb the costs of their illogical Federal requirements like they usually do or:

The Feds could pay a portion of your property tax up front bcause you have an energy credit based on their strange program.

Go figure. Not much else in their Stimulus/ Porkulus bill makes sense either. But there is always Hope, and as we say up here in Alaska, there's Girdwood (the nexttown down the road).


The post system isn't working, can't correct and edit.



posted on Feb, 20 2009 @ 09:00 AM
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off-topic post removed to prevent thread-drift


 



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