A Lesson in Green Energy and The Debt

[B. Kidd]

The first of three solar panel carports was dedicated here in Las Vegas the other day. They also include a recharging station for electric cars. The carports supply about 30 per cent of the electricity for an adjacent building.
The projects are being paid with a $1.2 million dollar HUD taxpayer grant and a $414,000.00 dollar rebate check from NV Energy's rate-payers. The three projects combined will save $28,000.00 per year over the 30 year life span of the solar panels. So, over the life of the panels, the projects save $840,000.00 dollars. What a deal!

How does one reconcile favoring lowering the debt while being pro-Green Energy? Who in the real business world would buy and install these panels without taxpayer subsidy?

 

[Madeline]

Linkiepoo, B. Kidd?

 

[Revere]

If that were the real ROI, real entrepreneurs would be in the picture, not government subsidies.

 

[B. Kidd]

Linkiepoo, B. Kidd?

Link:

EDITORIAL: Blinded by the sun - Opinion - ReviewJournal.com

 

[Mr. H.]

$1.6 million to save $840k over 30 years?

 

[loosecannon]

The first of three solar panel carports was dedicated here in Las Vegas the other day. They also include a recharging station for electric cars. The carports supply about 30 per cent of the electricity for an adjacent building.
The projects are being paid with a $1.2 million dollar HUD taxpayer grant and a $414,000.00 dollar rebate check from NV Energy's rate-payers. The three projects combined will save $28,000.00 per year over the 30 year life span of the solar panels. So, over the life of the panels, the projects save $840,000.00 dollars. What a deal!

How does one reconcile favoring lowering the debt while being pro-Green Energy? Who in the real business world would buy and install these panels without taxpayer subsidy?

you failed to notice that the solar paneled car ports are dual use and the offset realized by adding solar panels to serve electric plug ins is a benefit subtracted from the costs of the carport itself.

Unless you can quantify the value of the carport you gotta assume it is roughly the construction cost of the garage. So the project will yield 5/6 of a $million savings over 30 years. Not too shabby.