Everybody else pays. Why give this deal only to Tesla? Because the - TopicsExpress

Everybody else pays. Why give this deal only to Tesla? Because the government wants to pick winners and push losers. Its a bad bet. [But if those were the attractions, then why should Nevada have to pay such a steep subsidy price? Tesla will be exempt from property taxes for 10 years and sales taxes for 20 years at a cost of $1.1 billion to taxpayers. Tesla will also get $195 million in transferable tax credits that it can sell to other businesses. Since Nevada has no personal or corporate income tax, Tesla will effectively operate tax-free in the state. Tesla will also receive a 10% to 30% electricity discount over eight years. The NV Energy public utility will pay for this discount by charging other customers $1.84 more on average per year. Mr. Musk claims the factory will generate all the renewable energy it needs, but the utility discount will pay for back-up power from the grid because renewables provide intermittent energy. By being connected to the grid, Tesla will also be able to exploit Nevadas net-metering regulations to sell its excess renewable power back to the utility at the retail price, which can be up to 50% higher than wholesale. So Tesla can buy electricity at a discount, and then sell it for a premium.] online.wsj/articles/nevada-gets-musked-1410821915

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