Microsoft to reopen Three Mile Island Nuclear Plant, Renewables Have Failed.

[Crick]

First and foremost, the oil industry uses tax breaks that solar and wind use, that all corporations use. Tax deductions are not subsidies.

Why does the oil industry need tax breaks? Exxonmobil's NET revenue for 2023 was $36 billion. In 2022, they made over $48 billion NET revenue.

Some of? If you call trillions of dollars, some of ...

The Infrastructure and Jobs Act has not given trillions of dollars to anyone. Neither has the Inflation Reduction Act.
Here is an AI response to "How much did the IRA contain for renewable energy?"

AI Overview
Learn more…Opens in new tab

The Inflation Reduction Act (IRA) allocated $369 billion for energy and climate initiatives, including over $300 billion for clean energy investments:

• Tax credits and incentives: The IRA includes tax credits and incentives for renewables, such as:
  
  • Renewable energy and clean energy investment tax credit (ITC): $64.8 billion
    
    
    
  • Renewable energy and clean energy production tax credit (PTC): $62.3 billion
    
    
    
  • Manufacturing tax credits (MTC): Credits for components like photovoltaic (PV) cells, inverters, and polysilicon
    
• Energy Efficient Home Improvement Credit: Up to $1,200 annually for installing insulation or efficient windows and doors
  
  
  
• Electric heat pump credit: Up to $2,000 for electric heat pumps
  
  
  
• Home energy audit credit: $150 for a home energy audit
  

The IRA is the largest climate-related investment by the U.S. government to date. It's expected to:

• More than triple U.S. clean energy production
  
  
  
• Result in about 40% of the country's energy coming from renewable sources by 2030
  
  
  
• Create new jobs
  
  
  
• Lower healthcare costs
  
  
  
• Avoid negative health outcomes

Why don't you find us a link showing that the government has passed legislation that will pay "trillions" to renewable energy companies? Till you do, I call full up bullshit on that claim.

Subsidies with the new laws go far beyond construction and start up, to prevent continuing bankruptcies subsidies are now paid on every watt produced

The production tax credit provides 2.75 CENTS per kWh generated from qualified renewable sources.

Let's see if crick can provide a coherent reply

Let's see if elektra can provide a demonstrably factual claim.

 

[elektra]

Why does the oil industry need tax breaks? Exxonmobil's NET revenue for 2023 was $36 billion. In 2022, they made over $48 billion NET revenue.

The Infrastructure and Jobs Act has not given trillions of dollars to anyone. Neither has the Inflation Reduction Act.
Here is an AI response to "How much did the IRA contain for renewable energy?"

AI Overview
Learn more…Opens in new tab

The Inflation Reduction Act (IRA) allocated $369 billion for energy and climate initiatives, including over $300 billion for clean energy investments:

• Tax credits and incentives: The IRA includes tax credits and incentives for renewables, such as:
  • Renewable energy and clean energy investment tax credit (ITC): $64.8 billion
    
    
    
  • Renewable energy and clean energy production tax credit (PTC): $62.3 billion
    
    
    
  • Manufacturing tax credits (MTC): Credits for components like photovoltaic (PV) cells, inverters, and polysilicon
• Energy Efficient Home Improvement Credit: Up to $1,200 annually for installing insulation or efficient windows and doors
  
  
  
• Electric heat pump credit: Up to $2,000 for electric heat pumps
  
  
  
• Home energy audit credit: $150 for a home energy audit

The IRA is the largest climate-related investment by the U.S. government to date. It's expected to:

• More than triple U.S. clean energy production
  
  
  
• Result in about 40% of the country's energy coming from renewable sources by 2030
  
  
  
• Create new jobs
  
  
  
• Lower healthcare costs
  
  
  
• Avoid negative health outcomes

Why don't you find us a link showing that the government has passed legislation that will pay "trillions" to renewable energy companies? Till you do, I call full up bullshit on that claim.

The production tax credit provides 2.75 CENTS per kWh generated from qualified renewable sources.

Let's see if elektra can provide a demonstrably factual claim.

Links and AI don't make you right.
You have no idea what you speak of. First and foremost, your first question is basically why there is a tax code?

 

[elektra]

AI Overview
Learn more…Opens in new tab

The Inflation Reduction Act (IRA) allocated $369 billion for energy and climate initiatives, including over $300 billion for clean energy investments:

• Tax credits and incentives: The IRA includes tax credits and incentives for renewables, such as:
  • Renewable energy and clean energy investment tax credit (ITC): $64.8 billion
    
    
    
  • Renewable energy and clean energy production tax credit (PTC): $62.3 billion
    
    
    
  • Manufacturing tax credits (MTC): Credits for components like photovoltaic (PV) cells, inverters, and polysilicon
• Energy Efficient Home Improvement Credit: Up to $1,200 annually for installing insulation or efficient windows and doors
  
  
  
• Electric heat pump credit: Up to $2,000 for electric heat pumps
  
  
  
• Home energy audit credit: $150 for a home energy audit

The IRA is the largest climate-related investment by the U.S. government to date. It's expected to:

• More than triple U.S. clean energy production
  
  
  
• Result in about 40% of the country's energy coming from renewable sources by 2030
  
  
  
• Create new jobs
  
  
  
• Lower healthcare costs
  
  
  
• Avoid negative health outcomes

Why don't you find us a link showing that the government has passed legislation that will pay "trillions" to renewable energy companies? Till you do, I call full up bullshit on that claim.

The production tax credit provides 2.75 CENTS per kWh generated from qualified renewable sources.

Let's see if elektra can provide a demonstrably factual clclaim.

AI Overview? I can play that game. Is there a cap on the ptc and itc? I know there is no cap so I being the expert between us I know how to utilize AI to get an accurate response.


AI Overview

No, there is no annual maximum or lifetime limit on the amount of the Inflation Reduction Act's (IRA) clean energy Investment Tax Credit (ITC) that can be taken. The credit is a percentage of the total improvement expenses in the year of installation. The percentage is: 30% for 2022–2032, 26% for 2033, and 22% for 2034.

 

[Crick]

AI Overview? I can play that game. Is there a cap on the ptc and itc? I know there is no cap so I being the expert between us I know how to utilize AI to get an accurate response.

Yes, yes, play the game! First, post material you actually believe to be true. Then, post some supporting links. It's great fun and I know you'll love it once you get the hang of the procedure.

AI Overview
View attachment 1023359

No, there is no annual maximum or lifetime limit on the amount of the Inflation Reduction Act's (IRA) clean energy Investment Tax Credit (ITC) that can be taken. The credit is a percentage of the total improvement expenses in the year of installation. The percentage is: 30% for 2022–2032, 26% for 2033, and 22% for 2034.

So the fuck what? The more of those tax credits issued, the more emission free power the country is using. THAT is what I care about.

 

[Matted Joybeard]

I'm loving the irony of relying on AI for posting about the reality of climate change and the need for energy conservation.

 

[elektra]

Yes, yes, play the game! First, post material you actually believe to be true. Then, post some supporting links. It's great fun and I know you'll love it once you get the hang of the procedure.

So the fuck what? The more of those tax credits issued, the more emission free power the country is using. THAT is what I care about.

Emissions free, you are advocated for endless building of inefficient sources of electricity.

 

[Crick]

Emissions free, you are advocated for endless building of inefficient sources of electricity.

Are nuclear power plants inefficient? Hydroelectric dams? Geothermal? Tidal? And inefficient in what way?

 

[ding]

inefficient in what way?

Solar and wind - which are the technologies most touted to replace gas fired and coal fired plants - are not capable of base loading electric grids because their capability to generate electricity is variable.

 

[elektra]

Are nuclear power plants inefficient? Hydroelectric dams? Geothermal? Tidal? And inefficient in what way?

Geothermal is garbage. No different than taking the lid off a teapot

 

[Crick]

Geothermal is garbage. No different than taking the lid off a teapot

You're not answering my questions.

 

[elektra]

You're not answering my questions.

I can't dumb them down enough for you to understand.

You asked if geothermal is inefficient, I replied, accurately.

 

[Robert W]

Yes, yes, play the game! First, post material you actually believe to be true. Then, post some supporting links. It's great fun and I know you'll love it once you get the hang of the procedure.

So the fuck what? The more of those tax credits issued, the more emission free power the country is using. THAT is what I care about.

I suspect if you cared, you would not post on this energy consumption topic at all. How dare you load up the grid.

 

[Crick]

I can't dumb them down enough for you to understand.

You asked if geothermal is inefficient, I replied, accurately.

Your reply didn't contain one iota of information related to efficiency and, like all your posts, showed you are anything BUT an expert on any topic ever discussed on this forum.

 

[elektra]

Your reply didn't contain one iota of information related to efficiency and, like all your posts, showed you are anything BUT an expert on any topic ever discussed on this forum.

How efficient do you think geothermal is, being really expensive and providing just a very little electricity.

You know nothing, you will never accept any answer.

I have old threads on the topic, are you of the age that you forget.

A teapot is the perfect analogy. When you take the lid off a teapot, the steam escapes and the pressure weakens.

The same happens with geothermal. Drill a geothermal well, flash the brine to steam, drill a new well. That is the Salton Sea. The largest geothermal site in the USA.

Of course we could reference the Geysers, where in the drought suffering California they must inject water into the wells cause all the steam escaped

Tell us of your experience and reasoning crick, instead of disagreeing with everything you know nothing about.