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We are at a cross roads in human history, we can choose to continue on as we have been, or we can make a change to improve our future and quite possibly the future for several generations to come. We are here to promote energy independence, a better environment, a secure future and a higher return on investment for your hard earned dollar. It is what I believe in, it is why I am in the solar business.

The New York Solar Industry and Jobs act (S. 7093b A. 11004a)

11 Jul 10 | Commentary, Incentives

I have stated before, renewable energy needs to compete head to head with fossil fuels based energy in order for it to thrive.  At the current time, that does not seem likely because of all the corporate welfare being doled out to the big oil, coal and gas companies in the form of tax breaks and subsides.  Those subsides are a hidden cost that we all pay in our income taxes.  The real way to get people to reduce or stop using oil is to raise the prices.  Cutting subsides would do exactly that and lead to reduced government spending at the same time.

In New York State, a move is afoot to increase the RPS standard by increasing an already existing surcharge on all publicly traded NY based electric utilities.  As the report indicates, it would cost the average utility costumer about $0.39 per month additional.  For this amount, it is estimated that 22,000 jobs will be created in the solar power sector and $20 billion in additional economic output will be realized.

I normally cast a jaundiced eye toward job creation claims in pending legislation, those claims are usually highly optimistic and never fully pan out.  Even so, if this proposed bill produced even half the estimated jobs, it would be a good thing.  Further still, when all the publicly traded utility companies in NY ban together in strong opposition of said bill, it is worthy of a second look.  Things that highly agitate the utility companies are likely good for the consumer.

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11 Jul 10 | Commentary, Incentives
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Reader's Comments

  1. Tweets that mention Sun Volt Solar » Blog Archive » The New York Solar Industry and Jobs act (S. 7093b A. 11004a) -- Topsy.com | July 11th, 2010 at 6:16 pm

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