Su-Su-Subsidies...
I love math and consequently, I hate the crazy subsidies we taxpayers have to pay to support solar electricity.
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This country began researching solar back in
the fifties to provide power for satellites.
Perfect use. Less than perfect is
the crazy project Oregon calls the Solar Highway near Wilsonville.
Now the mainstream fishwrappers have
dutifully done stories that include all the numbers you need. The project cost 10 million bucks and it
generates 1.97 million kilowatt hours of electricity a year. But they never mention what that’s
worth.
The retail cost of electricity is
less than ten cents a kilowatt hour…so that project makes juice worth about
200-thosuand dollars. If you figure all
that money in the project is worth about 5 percent a year, then you just made a
machine to generate 200-thousand dollars worth of electricity a year for a cost
of 500-thousand a year. Anyone see a
problem with that? And of course, that
little calculation leaves out depreciation, maintenance, an all the other
costs.
Any wonder that Solar World,
which Oregonians have subsidized to the tune of tens of millions of dollars, and
that now enjoys a crazy 31 percent tariff designed to protect it from foreign competition, appears to be failing and on its last legs..?
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