*********LEASING********** THE "GREEN" THAT KEEPS GIVING.
April 15, 2012 (National Legal and Policy Center) Taxpayers Subsidize Forbes 'Green' Billionaires' Schemes
"........Musk, best known as co-founder of the company that became PayPal, is Chairman of SolarCity and CEO of Tesla. According to the Center for Responsive Politics, SolarCity spent $535,000 in 2009 and 2010 to lobby Congress and the Department of Energy on climate legislation, the Recovery Act, green workforce training and development, and provisions in various legislation relevant to solar development. SolarCity has sought to extend a program, due to expire at the end of 2012, that delivers to manufacturers an upfront cash grant in lieu of a 30 percent Investment Tax Credit (called the Section 1603 grant program). So far, according to DOE reports, SolarCity has received more than $66 million from that program.
The company also won a partial guarantee from DOE of a $344 million loan that will place up to 160,000 rooftop solar installations on military housing across the country..........." Source
It said, however, that reductions in or eliminations of government incentives for solar power could hurt its results and its ability to compete.
In addition, SolarCity said it was notified this month that the Internal Revenue Service is conducting audits of two of its investment funds, including a review of the solar installations that applied for a popular government cash grant program.
"If ... the [IRS] determines that the valuations were incorrect and that our investment funds received U.S. Treasury grants in excess of the amounts to which they were entitled, we could be subject to tax liabilities, including interest and penalties, and we could be required to make indemnity payments to the fund investors," the company said in the SEC filing.....
Other cleantech companies....cancelled IPO plans at the last minute earlier this year...."
So instead of buying this solar power for what it is worth, about 3 cents wholesale because it is off peak and unreliable, we are paying full retail, about 13 cents.
If Green is Good it should be able to stand on its own.
so not only would you trade one ogre of a utility provider for another, you would be subsidizing it... at least they wouldn’t blow up on ya.. or would they? can a solar panel become overloaded if a massive solar flare huts Earth and would it just fry or could it flame-on?