Monday, February 23, 2015

Solar Energy Subsidies Cost US Taxpayers $39 Billion Per Year

Solar makes up only 0.6 percent of total U.S. electricity generation

BY: Elizabeth Harrington February 12, 2015

Despite billions spent in investments over decades, solar energy will only make up 0.6 percent of total electricity generation in the United States, according to a report released by the Taxpayers Protection Alliance (TPA).  “In spite of government’s best efforts to encourage innovation by solar energy companies and encourage Americans to rely more heavily on solar electricity, solar power continues to be a losing proposition,” the report said. “American taxpayers spent an average of $39 billion a year over the past 5 years financing grants, subsidizing tax credits, guaranteeing loans, bailing out failed solar energy boondoggles and otherwise underwriting every idea under the sun to make solar energy cheaper and more popular. But none of it has worked.”  Government support for the solar industry is vast, with at least 345 different federal initiatives that spread across 20 agencies, the report noted. The Pentagon has the highest number of solar programs, with 63, followed by the Interior Department, which oversees 37 programs. The Energy Department only manages 34 solar programs……To Read More…..

My Take - Solar was a loser during the Carter administration and it's a loser now, and will continue to be a loser in the future. There is no way enough rays can be captured from the sun without solar panels covering the country, and there are no batteries that can store enough energy for those days when the sun doesn’t shine. This should have been easily recognized by the most casual observer. Why? Because of those who promoted and supported it! When the Sierra Club, Greenpeace, NRDC or any of the other lunatic green movement is for something that's sufficient reason to be against it!  They practically have a monopoly on being wrong. Unfortunately their failures never cost them anything, but they invariably cost everyone financially or physically.

No comments:

Post a Comment