Fri
Aug 24 2007
03:12 pm
New solar power incentives for Tennessee businesses
By: R. Neal

The Knoxville Voice has a feature on a local business, The Mellow Mushroom, that has taken advantage of new Tennessee solar power incentives.

Here's a previous report on Florida's program and other initiatives around the South. It's good to know Tennessee businesses are participating in the program. Now maybe the state can consider expanding it for residential, too.

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bizgrrl's picture

If we could just store the

Submitted by bizgrrl on Fri, 2007/08/24 - 4:34pm.

If we could just store the solar power we have received in the last 3-4 weeks, seems like we should have enough for the next year. :)

Stick Thrower's picture

Home Office?

Submitted by Stick Thrower on Fri, 2007/08/24 - 6:16pm.

participating businesses not only receive 40 percent of the financing from the grant, but they also receive a 30 percent tax credit from the federal government for investing in renewable energy, as well as rebates of 15 cents per kilowatt-hour produced on the grid by the Tennessee Valley Authority’s Green Power Switch Generation Partners program.

I wonder if those incentives would be available to home-based businesses.

...probably not. Too bad.

Socialist With A Gold Card's picture

I don't know about the tax

Submitted by Socialist With ... on Fri, 2007/08/24 - 6:40pm.

I don't know about the tax credits or financing, but TVA's Green Power Switch program is definitely open to residential customers. If you generate your own electricity via wind or solar, TVA will pay you 15 cents/kW-hr for it. I think KUB charges a little over 7 cents/kW-hr for residential electricity, so you'd only have to generate a little less than half as much electricity as you use in order to break even. It would still take quite a while for the equipment to pay for itself, though.

--Socialist With A Gold Card

"I'm a socialist with a gold card. I firmly believe we need a revolution; I'm just concerned that I won't be able to get good moisturizer afterwards." -- Brett Butler

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