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PNM Resources, Inc. Message Board

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  • dated April 9: (APS is Arizona Public Service)
    APS: Rooftop Solar Applications up 112% in First Quarter 2015 and
    APS Responds to TUSK News Release: Rooftop Solar in Arizona is Thriving

    Sentiment: Strong Sell

  • Search Web "White House solar panels".

    (reposted after being repeatedly deleted by Fascist Banshee)

    Sentiment: Strong Sell

  • rooftop solar on their homes without fear of reprisals?

    Sentiment: Strong Sell

  • Reply to

    merger with PNW and/or EE?

    by whbuncensored Mar 7, 2015 7:17 PM
    investors_liberation_movement investors_liberation_movement Apr 8, 2015 4:56 PM Flag

    PNM is threatened by rooftop solar especially in the Sunbelt as are the others.
    Friendly or hostile, PNM must merge in order to have a better chance of survival.
    Major shareholders and/or regulators could become catalysts if insiders are recalcitrant.

    All the utes save AVA are quite expensive especially considering the ominous outlook
    for this industry. Asking whether a deal would be "accretive" shows an insufficient grasp
    of the grave peril posed by rooftop solar. None of these stocks should be paying
    dividents even with cost-saving mergers. Acquisitions away from electric utilities
    probably offer better hope for these public companies.

    Sentiment: Strong Sell

  • Search Web on Topic!

    Sentiment: Strong Sell

  • Reply to

    merger with PNW and/or EE?

    by whbuncensored Mar 7, 2015 7:17 PM

    interesting. not sure why EE would be interested in merger. would this be accretive deal? stock seems expensive.

  • Search Web to watch DIY videos.

    Sentiment: Strong Sell

  • Established by The Energy Policy Act of 2005, the federal tax credit for residential energy property
    initially applied to solar-electric systems, solar water heating systems and fuel cells.
    The Energy Improvement and Extension Act of 2008 extended the tax credit to small wind-energy
    systems and geothermal heat pumps, effective January 1, 2008. Other key revisions included an
    eight-year extension of the credit to December 31, 2016; the ability to take the credit against the
    alternative minimum tax; and the removal of the $2,000 credit limit for solar-electric systems beginning
    in 2009. The credit was further enhanced in February 2009 by The American Recovery and
    Reinvestment Act of 2009, which removed the maximum credit amount for all eligible technologies
    (except fuel cells) placed in service after 2008.

    A taxpayer may claim a credit of 30% of qualified expenditures for a system that serves a dwelling unit
    located in the United States that is owned and used as a residence by the taxpayer. Expenditures with
    respect to the equipment are treated as made when the installation is completed. If the installation is at
    a new home, the "placed in service" date is the date of occupancy by the homeowner. Expenditures
    include labor costs for on-site preparation, assembly or original system installation, and for piping or
    wiring to interconnect a system to the home.

    Sentiment: Strong Sell

  • so far announced state-run Electricity Institute (ICE) due to heavy rains that have kept hydroelectric
    plants going strong helped by wind, solar, biomass, and geothermal energy.
    This reliance on renewables has prompted the country to lower electricity rates by 12 percent.
    ICE predicts that rates will continue to drop for Costa Rican customers in the second quarter.

    In 2009, Costa Rica announced its goal of becoming carbon-neutral by 2021. Costa Rica already gets
    88 % of its total electricity from renewable sources. Hydroelectric supplies 68 %, geothermal 15 %, and
    wind 5 % with solar and biomass contributing slightly.

    Costa Rica’s reliance on hydroelectricity makes it vulnerable to climate change however.
    The Legislative Assembly has approved a $958 million geothermal project and will get help paying
    for it from the Japanese International Cooperation Agency and European Investment Bank.
    In 2012, ICE announced that it would be developing 100 megawatts worth of wind farms and
    40 megawatts worth of small-scale hydroelectric plants through 2015.
    Part of the reason why Costa Rica can devote so much funding to environmental issues
    is that the military was abolished in 1948. (ThinkProgress)

    Sentiment: Strong Sell

  • By Shuli Ren, Barron's Asia
    China’s energy regulator National Energy Administration released its official
    solar installation target for 2015. Beijing decided to install 17.8 GW.
    This year, there is no mention of a breakdown into large-scale utility solar farms versus
    smaller rooftop distributed projects. Last year, Beijing insisted that the solar industry
    move to rooftop projects, even though the companies had trouble getting financing.

    Sentiment: Strong Sell

  • Reply to

    When will REITs solarize the rooftops

    by whbuncensored Mar 14, 2015 5:24 PM

    Not even Home Depot wastes their money installing solar panels on their stores. Out of more than 2000 stores, they claim to have installed some solar panels on 62 stores. This is probably to appease the greenies just like Al Gore installed a few panels after his mansion's electric bill was leaked.

    Grape Solar is the brand pointed out by whbuttcensored as the solar panels available at Home Depot for the 4 Pack. But not even Grape Solar has solar panels installed at their headquarters at 1305 S Bertelsen Rd in Eugene, Oregon as seen from a google satellite view of their roof.

  • Suppose your quote is $30,000 all-inclusive for a financed-to-own system
    which is a ballpark-figure I've seen mentioned recently.
    Further suppose your total annual electric bill last year was $3,000.

    Thinking of it as an investment, you'd be earning 10%
    assuming your bill would be negligible after installation.

    The tax credit reduces your after-tax cost 30% to $21,000.

    Seeing Home Depot's prices for Grape Solar, I reckon you might be able
    to do the improvement using some of your own labor and self-financing
    for less than $18,000 or about $12,000 after-tax.

    Figure some reasonable depreciation.
    Your home-solar investment could yield over 25%. Shop around!
    Professional builders usually get 10% discounts from supply stores.
    Spring and summer are the ideal seasons for outdoor home-improvements
    in northern latitudes, so start planning soon.

    Sentiment: Strong Sell

  • on solar equipment for the public good.

    Sentiment: Strong Sell

  • When solar-roofs become the majority,
    shouldn't they impose an escalating tax-penalty on non-solar roofs
    after a reasonable delay to allow time for conformity to environmentalist mandate.

    Sentiment: Strong Sell

  • of their buildings? Instead of paying excessive distributions?

    Rooftop solar-panels don't need to be connected to a grid.
    Home Depot installs. Price of panels (4 Pack) is now $1.35 per watt.
    Web Search "solar panels, The Home Depot". See also Lowe's.

    Sentiment: Strong Sell

  • Shouldn't new homes be constructed with solar-roof a standard.
    It'd save on construction cost for unnecessary roof material & labor.

    Sentiment: Strong Sell

  • cost savings?

    Sentiment: Strong Sell

  • Did you think that solar-power makes the most sense in Sunbelt states?
    I did until I read SCTY's latest earnings report (Shareholder's Letter dated 2-18-2014).
    "California remained our largest market, and the new growth states of Connecticut, Maryland,
    Massachusetts, Nevada and New York accounted for more than 30% of new deployments
    for the first time last quarter. For the year, we deployed a total of 502 MW, or more solar than
    the entire U.S. installed in 2009—including utility-scale."
    It's clear that rooftop solar is growing much more rapidly than most investors presently
    realize. The cost of panels and installation is gradually declining. Note especially
    SCTY's impressive backlog. I think less affluent homeowners will begin d-i-y installation
    next year or sooner when kits & panels become available in Home Depot, Lowes, et al.

    If the White House smartly installs rooftop solar symbolically by July 4th this year,
    the momentum would become enormous. By the election, there could be over 20 million
    solar-roofs with most voters appreciative of President Obama's environmental sagacity.
    I don't see how the GOP can afford to let the Democrats claim credit for rooftop-solar's success
    particularly in their Southern turf. Many environmentalists are Republican or Independent as well.

    Nuclear power-plants have had too many serious accidents to be politically acceptable.
    Wind-power also has too many problems and will likely be abandoned as solar gains.
    Fossil-fuel plants are doomed by concern over greenhouse gases causing climate change.
    I doubt that any nation will continue to build them for much longer even with emissions-capture.
    Obsolete ones will probably be systematically scrapped rather than expensively upgraded as
    GXP just did for its La Cygne coal-fired station for example. Hydropower is largely exhausted.
    The Solar Age is now dawning!

    Sentiment: Strong Sell

  • From Scientific American, Feb. 2015, p.67 by Michael E. Webber
    "Our research at U.T. Austin indicates that intermittent wind power is more
    economically valuable when it is used to make clean water from brackish
    groundwater than when it is used to make electricity."
    "In parts of the desert Southwest, brackish groundwater is abundant at shallow depths."
    "Desalination of seawater is energy-intensive, but brackish groundwater is not nearly as salty."
    "We can rethink how to better use energy and water to grow food in unlikely places."

    Webber's article "A Puzzle for the Planet, pp. 62 - 67, contains other thought-provoking nuggets
    regarding the interrelationship of energy, water, and food.

    Sentiment: Strong Sell

  • to be 100% carbon-free electricity-generation?
    With solar and nuclear, they're in the running with Arizona.

    Yes you can, Mr. President!
    Be kindly remembered as America's "Environmental" president.

    Sentiment: Strong Sell

PNM
27.830.00(0.00%)Apr 20 4:03 PMEDT