(Acadiana Business) Back in 2012, my family installed a new solar power system on our home. Federal tax credits coupled with Louisiana's solar power tax credits meant we spent $5,000 out of pocket on the brand new system. At the time, we anticipated the system to pay for itself in about seven or eight years.
But this past August, our local electric utility company, Lafayette Utilities System, introduced an anti-solar power policy with no public input that is effectively a tax on solar power systems. The new rate structure for current net metered customers, including solar power families like mine, is also likely to almost double our monthly electric bills. And the new solar tax will likely double the payback time.