May 22, 2011

Solar losing money because of property taxes - Dah Moment

This is WHY they should be LEASED on buildings roofs and parking lots.
Simple math: roofs + parking lots = millions of acres for FREE prime space for so (a dah moment).

Solar farm near Climax losing money because of property taxes
Producing 225,592 kilowatt hours of electricity in its first year of operation, a solar farm in eastern Kalamazoo County that went online in early 2010 has exceeded expectations. Also exceeding expectations is the property tax, said Sam Field, a Kalamazoo attorney and one of the owners of Kalamazoo Solar.

The $27,689 tax bill for the Charleston Township property means that the owners are losing money, even when being paid a premium price of 45 cents a kilowatt hour by Consumers Energy, he said. “That Michigan property tax burden works out to a cost of 12.3 cents per kilowatt hour,” Field said.
“That amount is more than the retail value of the electricity.”