Ha! No I meant that the reason solar was profitable in Massachusetts was that the state required traditional power companies to buy an alotment of their power from solar farmers. This along with federal incentives created a rush in MA toward individuals putting up panels. And so many people got in the game that the solar companies could basically buy the required alotment of solar at regular power prices. So it went from a situation where you could pay off your panels in 4 years to whatever the situation is now (much longer.)
Cool. That gets you back to the 8-year ROI, or 9% yearly return...assuming you have $1.5M in other income to offset with that tax credit. What about the other costs that I mentioned?
Oh that same requirement is in California. The State passed a bill that California energy companies must buy 30% of their electricity from renewable resources.
I'm sure they must be factored in; but this is a huge advantage for those making over 2 mil per year. If we invested 2 million in this program; then we just saved 600k in taxes. Its hard to find these types of incentives for those that are in this threshold.
I just saw a few links that might shed some light. I don't know if I'm reading this correctly; but it seems that there is no property tax on property that is a solar farm. http://www.dsireusa.org/incentives/incentive.cfm?Incentive_Code=CA25F&re=0&ee=0
