Wednesday, April 11, 2012

The Republican-sponsored legislation would increase the taxable value of solar equipment from 0.5 percent of the purchase price to 33.33 percent of the installed cost. According to a summary written by John Nevel, an accountant specializing in renewable energy financing, that would raise the property tax on a $1 million solar installation from $97.90 a year to $6,526.01 — a 6,566 percent jump. - Nashville Tennessean.
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