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Looming tax shift powers solar boom

Clipped to the Drawing Board by Administrator

Did you know Trivia - Jay Cooper considers himself a conservative businessman, yet he has blackened the roof of his Auburn Honda dealership with one of the priciest green energy technologies: solar panels.
Hundreds of them.
"Obviously, it came down to dollars and cents," Cooper said.
After decades as a small-is-beautiful technology aimed largely at virtuous homeowners and off-the-grid types, solar is suddenly going large and at a price that makes business owners salivate.
Cooper's Pacific Gas and Electric Co. bill used to average about $8,000 a month. With the solar panels, which began generating electricity last fall, his power costs dropped instantly to $5,000.
That bargain is made possible by federal and utility subsidies, the sale of green energy "credits" and, critically, the recent development of financing schemes backed by big institutional investors. Together, those can drive down the effective price of solar-generated electricity more than 70 percent, developers say.
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Wednesday 7 May, 2008 04:43 AM

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