I visited the City of Austin Solar farm.
It is what it is. 390 acres to produce 30 MW max.
Granted the land was not that valuable and the greens feel good.
*cough*ownedbyarepublican*cough*
Unfreakinbelievable! Another Half Billion Dollars fraudulently being given to Obama’s Fellow Thugs! Let’s do a background check on this stinking Company! Have they ever even sold a panel before??
Looked at a Solar Panel site a few days ago and used its Payback Calculator, which was very enlightening. I live in New York state near Albany and punched in the required data re my house. The calculator’s output indicated a $25,750 “Cost of Panels and Installation” HOWEVER, these were offset by $7,725 Federal Tax Credits, $8,750 “NYSERDA State Solar Grant” and $4,250 “Residential State Income Tax Credit” which combined for $20,725 in government subsidies and resulted in a net installation cost of $5,025 to the homeowner.
Utilizing these figures above,if 100,000 New York state homeowners took chose to avail themselves of the solar company offer:
a.)The total panels and installations business would generate $2,5750,000,000 in revenues;
b.) it would cost the state’s taxpayers $1,300,000,000, budget must be balanced;
c.) and cost the Federal Government $772,500,000, taxes or borrowings!
Loans may or may not be paid back, but movement tax credits and subsidies are taken from your and your children's pockets.
NYSERDA is a independent state of New York State agency which has been administered by highly paid ex-politicians and their civil servant associates.
The cynic in me says that if Solyndra hadn’t imploded the paperwork problems with these projects would have been dismissed and they would’ve gotten approved...