RE: [hreg] PV economics
If this helps the client rationalize the overall financial picture then I suppose it has validity for them.
Fundamentally though, since there is often very little correspondence, at least in the Austin market, between property tax valuations and market values, I think the calculation is flawed.
I’ve always found this property tax exemption, Texas ’ lone “incentive” for pv installations, to be damning with faint praise……one step forward and one step back, or a net-neutral benefit.
Andrew H. McCalla
NABCEP Certified Solar PV System Installer (TM)
Meridian Energy Systems
2300 S. Lamar, Ste. 107
Austin, TX 78704
Voice: (512) 448-0055
Fax: (512) 448-0045
From: firstname.lastname@example.org [mailto:email@example.com] On Behalf Of Kevin Conlin
Sent: Wednesday, August 16, 2006 2:27 PM
Subject: [hreg] PV economics
Hi All, A customer raised a very interesting question today which I could not answer. He included the property tax savings in the payback for a PV system. I don’t think I’ve ever seen that number applied to the payback calculations. His argument was that the PV increased the value of the home, but since it was exempt from property tax, that should be considered in the savings. Maybe Andrew, Jim or John can tell me, do you include this number in the payback calculations?
Anyone else with accounting skills can also chime in.