Solar Energy: property taxes and net metering

The biggest advantage of solar investing is the fact that it's sustainable. IS IT? You decide it's your money.
Different views of solar panels life span.

The expected life span of current panels is 15-25 years.

Some of the oldest panels are still working after 30 years, and some experts expect new panels to last for 40-50 years. But no matter how long a panel lasts, eventually it will need to be decommissioned.

Changes to favorable solar policies like net metering have created uncertainty for project developers and hampered investment.
Thanks to net metering, homeowners are credited for the energy that their solar panels generate at the same rate that they would pay to their utility. As a result, you can save tens of thousands of dollars on electricity costs over the lifetime of your solar energy system.
Not all states have net metering.

Seven statesArizona, Georgia, Hawaii, Indiana, Nevada, Maine and Mississippihave statewide distributed generation compensation rules other than net metering. These states' distributed generation compensation rules do not qualify as net metering because they do not offer full retail rate compensation or because their policies use an alternative compensation structure

Indiana Gov. Eric Holcomb (R) signed controversial State Bill 309 into law, which will end new net-metering for solar powered homes and businesses after 2022.

Most of solars disadvantages stem from the fact that it is still a relatively young technology thats disrupting one of the most stable, regulated industries in the country.

What about property taxes?

For any new solar PV system installed in Indiana, the assessed value of the system is exempt from your property taxes. That means that, even though your solar installation adds value to your property, the added value cant be counted when property is being assessed for taxes.

This may not be true for all states and commerical solar farms.

Property tax uncertainty could drive away some companies looking to build solar farms in Indiana.

In Indiana, real property tax assessments for solar farms are up to local assessors and can vary widely from county to county sometimes at such a high rate that the project is no longer viable.

This is information I got off internet. I hope you find it useful.
I tried to not be too biased.

Has anyone invested in solar stock and made any money?

Before I invest in personal solar panels, I'm going to wait for Doc from Back to the Future to reveil how he made the flux capacitor. Then I plan to buy a Tesla and see if it goes 88 miles per hour and take me BACK TO THE FUTURE to bring back my younger body.
George

Yo Neighbor George, did you get a chance to look at the Praeger University Video regarding Solar, if not take a look its "INTERESTING" Im NOT saying its right or wrong, good or bad I ONLY say its "Interesting" if anyone has an issue take it up with the author not me.

As we both know Solar is NOT for everybody it has advantages as well as disadvantages, its a persons own money and free choice to do as they please regardless if you or I like it or agree. There's no right or wrong answer here I respect people who use and love it as well as anyone who hates it lol of course Self Sufficiency is priceless if the grid goes down regardless of cost perhaps. Some people are total off grid so wind and solar is great for them

I prefer a common sense balanced well engineered diversified (NOT left to politicians lol) energy approach of coal and gas and oil and wind and solar and tidal power and hydroelectric and nuclear NOTTTT all eggs in the same basket.

Best wishes to all and their own free choices regarding energy, I will use what I please and expect you and others do the same.... I ONLY have it on the RV NOT whole home but love it for my use. If anyone doesn't like it or its not economical for THEM I suggest dont get it !!!!!! I sure wouldnt

God Bless the USA, keep her free strong and great

Best wishes George

John T
Solar Power Problems

John T the video makes sense, where I live we SE Mn. have had energy alert due to cold and in the summer we get them also, which means cut your electric consumption between 5 and 9 pm. Don't plug your EV in until bed time, how will that go over?

Pete

I lived in Norfolk, VA. for about 30 years. Virginia Power (now Dominion Electric) has such a pile of arcane and intrusive rules about solar, that it is almost impossible to have any type of grid-tied solar or wind. If one wanted to install a stand-alone system, the cities and counties are so beholden to Dominion Electric, the permits, etc are beyond the pale, so very few solar/wind systems, unless one is really out in the country where inspections and permits are not generally required. North Carolina is completely different, even with Duke Energy. Massive solar and wind farms quite a few places. Where I live now, a stand-alone system is entirely feasible. zuhnc

Thanks for posting. I checked our state law on this and it uses net metering for now. Still a heavy investment when I looked into it and I have a minimum of 1 acre I could stack with panels or tower systems that track the sun. We built on a 2 acre hay field so its pretty much open stone wall to stone wall.
Nobody was interested in doing ground based systems. My house faced west so not the best sun track for roof and I dont want them up there.

Vito

Too bad some of the really smart people, would watch that video. Stan

Vito
If 8 states have put an end to net metering who is to say if your state will be next?

When Indiana ended net metering, a guy on the local news, who invented in solar, was crying the blues. He said he will never recover his investment.

I'll take my chances in the stock market. A loss in the market is tax deductible, capital Loss.
George

Should be required viewing by all people making decisions about our future energy decisions like carbon free by 2050.
George

The net metering is wrong and should be illegal everywhere. Yes the power companies should pay for the power but it should be at the same rate they have to pay other electric producers. Power companies spend a lot of money on the system to carry electricity. It costs them money to distribute the solar power so why should they be forced to lose money while the solar producer gets a free ride?

Who investment in solar, not invented.

If you can get a car to drive itself I think it can follow a schedule for charging pretty easily.

EV's that can talk to the utility can act somewhat as big battery during high demand, IE during that high load time they could feed the local house loads for example and resume charging later to help cut the size of power plants needed.

They extended it to the end of the calendar year. They are in the process of trying to figure out what to do next with the electric utility company. It should go the way of the dodo in my opinion. Im not investing in it.

Vito