Here is a more detailed summary of the ridiculous solar subsidies in NC.
http://www.carolinajournal.com/jhdailyjournal/display_jhdailyjournal.html?id=8135
NC will pay 50% for Apples solar panel installation this is the only way that solar makes economic sense. You and me pay for these green vanity projects
Great link there exposing the solar energy scam for businesses in North Carolina. If Apple makes out as well as this NC furniture company it will make a profit off the solar installation by getting free (when pricing of the electricity it sends and receives is balanced out) electricity from the local electric utility when it needs it.
Apple will receive uber cheap electric at 6 cents/KW hour but get paid 18 cents/KW hour when it sends it to the utility company
“According to the numbers in the story, we can make a rough calculation of who pays and who benefits. First, OFM gets the taxpayers to pay for half of the cost of the solar equipment. (Half of $1.4 million is $700,000.) Then OFM receives taxpayer-paid tax breaks worth $170,000. Then Progress Energy ratepayers pay OFM 18 cents per kilowatt-hour for electricity produced by the solar panels, and OFM buys power from Progress Energy for 6 cents per kilowatt-hour to run its facility for a net profit of 12 cents per kilowatt-hour. Over 20 years, this is a $1.2 million “profit” from Progress Energy inflicted on ratepayers by the legislature when it passed S.B. 3.”
http://www.carolinajournal.com/jhdailyjournal/display_jhdailyjournal.html?id=8135