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More on Texas solar rebates

Texas -- which already leads the country in wind generation -- is jockeying to become a leader in solar power, too. As Margaret outlined last week, the Texas Senate passed a bill that would increase the subsidies available for solar installations across the state. The bill, which has been forwarded to the House for approval, proposes $500 million in solar incentives and would include rebates, which would be initially set as follows:

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Virginia sets aside $39 million for renewables

We often remark that the right mix of state and federal incentives -- like tax credits, rebates and renewable energy credit (REC) schemes -- can make a HUGE difference in determining if solar PV is a cost-effective solution for individuals and businesses. These types of incentives help either, (1) by lowering upfront costs, (as is the case with rebates and credits), or (2) by guaranteeing that the PV system can generate respectable future cash flows (as is the case with REC purchase contracts, feed in tariffs, or FITs, and production-based incentives). Details aside, such incentives are key. In those states that offer scant support for solar energy, you're likely looking at a low (perhaps even negative) ROI and a looong payback period. We're talking, like, two decades here folks...

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