Money Incentives Cut

Knox County has dropped plans to put solar panels on top of schools and county owned buildings because the numbers didn’t work for the proposed plan. But there is a thriving solar farm on Asheville Highway.

The solar farm, which generates one megawatt of power, went in three years ago and was in operation before TVA cut back financial incentives. The farm, owned by Natural Energy Co., gets a total of 21 cents per kilowatt hour, making the project financially feasible.

TVA’s program now pays 10 cents per kilowatt hour, making the investments too costly for the return, according to a solar industry executive. States across the country are requiring utilities to promote green power but TVA is not regulated by any of the states in its service area so the agency decided to scale back the program.

© 2014 MetroPulse. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Comments » 0

Be the first to post a comment!

Share your thoughts

Comments are the sole responsibility of the person posting them. You agree not to post comments that are off topic, defamatory, obscene, abusive, threatening or an invasion of privacy. Violators may be banned. Click here for our full user agreement.

Comments can be shared on Facebook and Yahoo!. Add both options by connecting your profiles.