Very cheap solar power
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From: habshi on 7 Mar 2010 08:00 It doesnt cost you anything to install solar , in fact you make a fat profit from day 1! One day when all of American roofs are covered with solar panels and people put this free electricity to manufacture goods(once the installation costs are paid off) and hunderds of billions spent on energy related imports stay at human and all Americans are rich , Jim will realise he was wrong to oppose govt subsidies excerpt Once a skeptic, Florida businessman Vern Montgomery has seen the light when it comes to rooftop renewable power. Montgomery was persuaded by a neighbor last year to install a 22-kilowatt solar system atop his carpet business. The main attraction wasn't necessarily the prospect of becoming one of his area�s first green-powered commercial installations, although that was a plus. What swayed him was the economics. Montgomery's solar setup cost $147,000, a big initial investment. But the state's solar rebate program promised a rebate of $88,000. He would also receive a federal tax credit of $50,000. In addition, tax policies allowed him write off depreciation costs of $25,000 per year for six years. A no-brainer, especially considering the huge decreases in Montgomery's subsequent electric bills. Fortunately for Montgomery, the state's rebate program had enough money to fund his rebate. He took the leap and has had no regrets. "I think it was a phenomenal investment," he said.
From: bert on 7 Mar 2010 08:45 On Mar 7, 8:00 am, hab...(a)anony.net wrote: > It doesnt cost you anything to install solar , in fact you make a > fat profit from day 1! > > One day when all of American roofs are covered with solar panels > and people put this free electricity to manufacture goods(once the > installation costs are paid off) and hunderds of billions spent on > energy related imports stay at human and all Americans are rich , Jim > will realise he was wrong to oppose govt subsidies > > excerpt > Once a skeptic, Florida businessman Vern Montgomery has seen the > light when it comes to rooftop renewable power. Montgomery was > persuaded by a neighbor last year to install a 22-kilowatt solar > system atop his carpet business. > > The main attraction wasn't necessarily the prospect of becoming one of > his area s first green-powered commercial installations, although that > was a plus. What swayed him was the economics. > > Montgomery's solar setup cost $147,000, a big initial investment. But > the state's solar rebate program promised a rebate of $88,000. He > would also receive a federal tax credit of $50,000. In addition, tax > policies allowed him write off depreciation costs of $25,000 per year > for six years. > > A no-brainer, especially considering the huge decreases in > Montgomery's subsequent electric bills. > > Fortunately for Montgomery, the state's rebate program had enough > money to fund his rebate. He took the leap and has had no regrets. "I > think it was a phenomenal investment," he said. I use Sun's heat for cooling and heat water. Its simple needs no solar cells. What I like best about it its free. TreBert
From: jimp on 7 Mar 2010 11:05 In sci.physics habshi(a)anony.net wrote: > It doesnt cost you anything to install solar , in fact you make a > fat profit from day 1! Utter, babbling nonsense. > Montgomery's solar setup cost $147,000, a big initial investment. But > the state's solar rebate program promised a rebate of $88,000. He > would also receive a federal tax credit of $50,000. In addition, tax > policies allowed him write off depreciation costs of $25,000 per year > for six years. So, he put out $147,000. He gets a rebate of $88,000 some time later, leaving $59,000. When he files his taxes, his tax bill is reduced by $50,000, leaving $9,000. A year later he has a depreciation of $25,000, which if he is in the 36% tax bracket means he saves $9,000 on his taxes and breaks even somewhere between 1 to 2 years later. And this simplistic calculation ignores the cost of money, which if included would mean the break even point is 2 to 3 years. Also none of the rebates, tax credits, or depreciation allowances are "free" money, it comes out of taxpayers pockets in terms of higher taxes to finance such schemes. If this weren't run by a government agency, it would be called a Ponzi scheme. -- Jim Pennino Remove .spam.sux to reply.
From: tm on 7 Mar 2010 11:40 <jimp(a)specsol.spam.sux.com> wrote in message news:1gvc67-4q9.ln1(a)mail.specsol.com... > In sci.physics habshi(a)anony.net wrote: >> It doesnt cost you anything to install solar , in fact you make a >> fat profit from day 1! > > Utter, babbling nonsense. > >> Montgomery's solar setup cost $147,000, a big initial investment. But >> the state's solar rebate program promised a rebate of $88,000. He >> would also receive a federal tax credit of $50,000. In addition, tax >> policies allowed him write off depreciation costs of $25,000 per year >> for six years. > > So, he put out $147,000. > > He gets a rebate of $88,000 some time later, leaving $59,000. > > When he files his taxes, his tax bill is reduced by $50,000, leaving > $9,000. > > A year later he has a depreciation of $25,000, which if he is in the > 36% tax bracket means he saves $9,000 on his taxes and breaks even > somewhere between 1 to 2 years later. > > And this simplistic calculation ignores the cost of money, which if > included > would mean the break even point is 2 to 3 years. > > Also none of the rebates, tax credits, or depreciation allowances are > "free" > money, it comes out of taxpayers pockets in terms of higher taxes to > finance such schemes. > > If this weren't run by a government agency, it would be called a Ponzi > scheme. > I sure hope people wake up by next November and put a stop to all this bullshit and fraud. But I don't have high hopes. Tom
From: Michael Coburn on 7 Mar 2010 18:46
On Sun, 07 Mar 2010 16:05:53 +0000, jimp wrote: > In sci.physics habshi(a)anony.net wrote: >> It doesnt cost you anything to install solar , in fact you make a >> fat profit from day 1! > > Utter, babbling nonsense. > >> Montgomery's solar setup cost $147,000, a big initial investment. But >> the state's solar rebate program promised a rebate of $88,000. He would >> also receive a federal tax credit of $50,000. In addition, tax policies >> allowed him write off depreciation costs of $25,000 per year for six >> years. > > So, he put out $147,000. > > He gets a rebate of $88,000 some time later, leaving $59,000. > > When he files his taxes, his tax bill is reduced by $50,000, leaving > $9,000. > > A year later he has a depreciation of $25,000, which if he is in the 36% > tax bracket means he saves $9,000 on his taxes and breaks even somewhere > between 1 to 2 years later. > > And this simplistic calculation ignores the cost of money, which if > included would mean the break even point is 2 to 3 years. > > Also none of the rebates, tax credits, or depreciation allowances are > "free" money, it comes out of taxpayers pockets in terms of higher taxes > to finance such schemes. > > If this weren't run by a government agency, it would be called a Ponzi > scheme. And it happens because morons like yourself overlook the _FACT_ that the United States government does not have to borrow money from anyone at all. It overlooks the _FACT_ that government does not esist to make a profit and the _FACT_ that government exists to maintain a rational market that allocates resources and output in respect of the general welfare. Thanx for playing. Have a nice day :) -- "Senate rules don't trump the Constitution" -- http://GreaterVoice.org/60 |