20 Jul '11, 1pm

Banks inflate #solar value for tax credit:

Banks inflate #solar value for tax credit:

This post originally appeared on Energy Self-Reliant States , a resource of the Institute for Local Self-Reliance's New Rules Project . Solar leasing has offered thousands of homeowners a "no money down" route to go solar, broadening participation in the distributed generation revolution. Unfortunately, this revolution has been co-opted by high finance. Big banks have been able to write off millions in taxes by overreporting the cost of financed solar PV projects in what may be the country's next banking scandal. In a phone conversation last month, Jigar Shah of Carbon War Room (formerly chief of solar-as-a-service company SunEdison) disclosed that while solar leasing companies can install residential solar for between $4.00 and $5.00 per watt, they routinely claim federal tax credits on the "fair market value," a price nearly twice as high. A solar tax lawyer confirmed th...

Full article: http://www.grist.org/solar-power/2011-07-18-big-banks-inf...

Tweets

Small business are shunning the banks | David Boyle

Small business are shunning the banks | David B...

neweconomics.org 19 Jul '11, 9am

Banks claim that they are on the side of enterprise, but a new survey reveals that small businesses are shunning their loa...

What is the Fair Tax? Can it Help us?

care2.com 23 Jul '11, 11pm

Saturday July 23, 2011, 6:20 am What Is The Fair Tax? The Fair Tax proposal is a comprehensive plan to replace federal inc...

Up Next, Trademark Applications for .Auto, .Tax...

domainnamewire.com 20 Jul '11, 1am

Those Zuccarini Domains on NameJet? They Sold for $302k in April. Up Next, Trademark Applications for .Auto, .Tax, and .Fo...

Eight Cleantech Value Stocks: Filed under: Ener...

altenergystocks.com 21 Jul '11, 8pm

Three professional Cleantech money managers' top stock picks. On Tuesday I published Money Managers See Value in Clean Ene...

World’s Largest Solar PV Farm to be Built in U.S.? Maybe!

World’s Largest Solar PV Farm to be Built in U....

cleantechnica.com 22 Jul '11, 11am

“We are excited about the progress we have made in narrowing the search for establishing our groundbreaking solar farm pro...

Google offers credit card /via @TODAYonline

todayonline.com 21 Jul '11, 10pm

SAN FRANCISCO - Google is introducing a credit card for its advertising customers, offering its clients a credit line to t...

The Solar Industry’s Biggest Problem: Although ...

greentechmedia.com 19 Jul '11, 12pm

Although the solar industry continues to grow, it still occupies only a tiny fraction of the overall energy mix. In the U....

6 Reasons Why The Future of Solar is Looking Bright

6 Reasons Why The Future of Solar is Looking Br...

solarfeeds.com 21 Jul '11, 8pm

6 Reasons Why The Future of Solar is Looking Bright Thursday, 21 July 2011 POCO Solar Energy Tweet The world has barely sc...

Report Signals Weakening European Solar Market

Report Signals Weakening European Solar Market

renewableenergyworld.com 21 Jul '11, 2pm

“For the past decade, Europe has played a dominant role in creating the demand growth that has fueled global manufacturing...

Asian Solar Market Is Focus of the SOLAREXPO: Shenzhen Dresche Exhibition & Planning Co., Ltd and Pennwell Corp...

Asian Solar Market Is Focus of the SOLAREXPO: S...

renewableenergyworld.com 19 Jul '11, 6pm

Under the terms of the agreement, PennWell will aid in the international organization of Asia SOLAREXPO and has the opport...

California Solar Website Launched to Help CA Homeowners Save Money and Go Solar

California Solar Website Launched to Help CA Ho...

cleantechnica.com 27 Jul '11, 11am

The idea for a state specific solar site originated from the fact that the California solar market has become the hottest ...