Based on Amendments to the Bailout Bill that Passed in November, there's a 30% Tax Credit for Solar Energy Installation Costs.
Let's see. If you borrow the cost of a Solar Project to be payed back over some number of years, you'll get 30% back all at once around tax-time (if you payed out the equivalent in taxes that year). If you don't owe on taxes, there's still the possibility that the 30% credit will become fully refundable under the upcoming stimulus package.
Do you think that some folks wouldn't like 30% upfront on a long-term loan, particularly on a loan for a product that will pay itself off in the long term?* These guys need all the upfront money they can get, and you can bet that this 30% will look appealing to many. It's like a money machine. Watch Solar Equipment Demand take off over the course of this year.
*Depending on circumstances.
Tuesday, January 20, 2009
An Idea to take up-front cash on long term debt via Solar.
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