Solar Companies Utilize Morrison & Head, LP’s Property Tax Savings Initiative to Reduce Operating Costs

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Well-documented property tax appeals consistently provide extraordinary annual operating cost savings for solar companies

Boerne, Texas (PRWEB) August 07, 2012

Rapidly changing industry dynamics have “left many solar manufacturers and utility scale installations with a gross oversupply of legacy capital assets that has cratered the market values of solar plants and manufacturing equipment,” states John Woolard, managing partner at Morrison & Head, LP, a national property tax valuation and consulting firm.

“The unfortunate reality of falling PV module costs due to improved technology, gross excess manufacturing capacity, and astonishing reductions in raw material prices have had an extraordinary negative impact on solar asset values across the supply-chain spectrum – including module manufacturers, raw material suppliers, and operating installations,” says Woolard. “However, many companies are realizing that they’re quickly running out of ways to achieve cost-savings goals without further cutting staff, retooling equipment, or consolidating operations.”

The proposed solution? As one Texas solar manufacturer discovered: Property tax assessment negotiation and appeals.

Morrison & Head’s comprehensive property tax analysis allowed the company to save almost $400,000 in 2012 alone that will “continue to provide compounded benefits for years to come,” according to Woolard. Other companies have followed suit and realized similar savings. For example, Woolard’s firm also just negotiated a savings of $370,000 for a large, privately owned utility scale installation by successfully demonstrating that their values were excessive due to falling module prices.

“Well-documented property tax appeals consistently provide extraordinary annual operating cost savings for solar companies,” states Woolard. “Morrison & Head will continue to stay on top of the industry as it evolves and changes in order to serve our clients best and meet their cost-savings goals.”

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