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Wednesday, July 21, 2010
News / Biz Solar rises in the South
Posted By Rhiannon Fionn-Bowman on Wed, Jul 21, 2010 at 1:22 PM
Some say solar's too expensive, but that's rapidly changing ... especially below the Mason Dixon line when there are six-figure grants up for the taking.
Regionally, Southern states are offering generous tax incentives for using renewable energy sources at residential and commercial levels. Solar is quickly becoming a viable option for the average consumer, but it’s still not without significant up-front cost. A five-kilowatt system with rooftop photovoltaic (PV) panels will initially run around $40,000 out of pocket. But with tax credits, that amount is reduced by $10,000 to $20,000, depending on your home state. Plus, you can start recouping money by selling power to utilities on a monthly basis.
Read the entire Blue Ridge Outdoors magazine article, by Jedd Ferris, here.
Here's the governor of Tennessee talking, in May 2009, about the facts and figures behind solar energy investments:
Further reading: Google Energy’s big green power purchase -- Grist.org
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