Thursday, February 12, 2015

Solar Energy Subsidies Cost $39 Billion Per Year

Solar panels don’t work when under 2 feet of snow.
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.
“This report is only the first step in asking the important questions about solar subsidies,” said David Williams, the president of the TPA. “Taxpayers need to know the truth about where their dollars are being spent.”[…]
The report concluded that the time has come for solar energy to prove its merits without billions in support from the federal government.
“After decades of massive ‘investments’ and disappointing results, it is time that Americans critically evaluate whether our faltering federal solar initiatives deserve continued support,” the report said. “With so little to show for so many costly initiatives, it should be apparent to objective observers that federal solar power efforts have not been a productive or prudent use of precious tax dollars.”
“Solar energy’s day in the sun may yet come, but taxpayers should not be forced to foot the cost associated with turning the failing industry around,” it added. “Solar energy must be asked to stand on its own, powered exclusively by private investment and initiative.”
Thank You WFB and Dapandico.

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