This error usually comes up when you try to start a new service that would get the same service ID as another service in the process:
System error 1290 has occurred.
The service start failed since one or more services in the same process have an incompatible service SID type setting. A service with restricted service SID type can only coexist in the same process with other services with a restricted SID type. If the service SID type for this service was just configured, the hosting process must be restarted in order to start this service.
To resolve this error, open a new command prompt as administrator and enter the following command:
sc config w32time type= own
Try starting the windows time service. You should be able to start now.