Boerne, TX (PRWEB) October 26, 2012
Property tax consulting firm Morrison & Head, LP announced today the 2012 property tax savings they were able to achieve for their clients in the solar industry: $400,000+ for a 30MW solar facility, $500,000 for a PV module manufacturer, and a 50% reduction for a major semiconductor manufacturer.
“Due to costs not falling as quickly as prices in 2011, PV module suppliers gross profits fell below $500m in the first quarter of 2012—the lowest level since 2008,” says John Woolard, managing partner at Morrison & Head, LP. “We were able to use this information to negotiate savings for our clients 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.”