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.
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!
.....but how many Chicoms could we keep employed....they don’t care if it’s stupid.