jjason

Solar Breaks Oil Price Dependence

OIL IS POLITICS

Tax credits for wind and solar projects have not been renewed. How come???

Oil gets tax subsidies. Why?

The answer is Republicans. Do you want $200.00 oil??? Vote for the soccer mom.

Do you want $60.00 oil? GO TO:

www.stopoilspeculation.../

and sign the petition. And VOTE FOR DEMOCRATS IN NOVEMBER.

OBAMA / BIDEN 08

OIL IS POLITICS

Beware of the Solar Stock Fad

So far, no one has shown me where solar electric is cost effective for me here in Pennsylvania. I only know what I read. I have only met one homeowner, in New Jersey, who said to me "if it were not for the Federal and State subsidies and the fact that the law in N. J. makes it mandatory for the electric utility company to buy excess solar power from me; it would not have been economically feasible for me to install solar electric panels on my house."

My Pennsylvania Power and Light electric bill averages about $40 per month or $480 per year. I figure a solar installation will cost me $36,000. The payback period is 75 years. If the installation price could be reduced to $20,000 the payback period becomes 41 years. I am frugal on electric usage, heat with oil and use very little hot water. Twenty years ago I did the same analysis for my home in Connecticut and came to the same conclusion. Lastly, I have found that my own conservation measures have saved me money with little or no financial outlay.

I would not buy any solar company's stock. They do not pay a decent dividend and some, if not all, have high P/E ratios and high Price to Book ratios and even higher Price to Tangible book ratios. I am a value investor and I do my own research on Seeking Alpha and other sites.