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View Diary: The most anti-solar reporter in the mainstream media? (75 comments)

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  •  The referenced article (0+ / 0-)

    said that the solar plants receive a huge renewable energy tax credit that apparently negates almost all of their property tax.

    •  How could that be? (0+ / 0-)

      Property taxes are administered by the county. Energy credits are usually Federal.  The company budgeting for taxes might net to zero, but the taxing agencies aren't the same entities.

      I own a share of a company that put solar panels up.  I got a substantial energy credit on my federal taxes that year, but not my California state taxes.

      •  From the first referenced article (0+ / 0-)

        BrightSource Energy, developer of the proposed $2.7-billion Hidden Hills solar power plant 230 miles northeast of Los Angeles, promised a bounty of jobs and a windfall in tax receipts. In a county that issued just six building permits in 2011, Inyo officials first estimated that property taxes from the facility would boost the general fund 17%.

        But upon closer inspection, the picture didn't seem so rosy.

        An economic consultant hired by the county found that property tax revenue would be a fraction of the customary amount because portions of the plant qualifiy for a solar tax exclusion.

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