.. but we the taxpaying public get screwed ..
[h/t — aei-ideas.org & carpediem.com]
In the video above, Jeffrey Punton explains how he spent $42,000 in 2009 installing 20 solar panels on his Rochester NY home – he used $12,000 of his own money, and the other $30,000 was paid for by state and federal government taxpayer subsidies and tax credits. Over the life of the panels, Mr. Punton says he’ll be lucky to even get $8,000 to $10,000 back in reduced utility bills, which won’t even cover his own investment, much less cover any of the $30,000 in taxpayer subsidies and tax credits.
About solar energy, Mr. Punton said “I liked the idea, but when I looked into it, it was clear that the only way it made sense was with these inordinate government subsidies. And after pondering that for awhile, I decided I would install the solar panels to educate people about what the cost of the subsidies is to them as taxpayers. I’d say at least one person a week I discuss it with as they stop by, so I think I’ve reached quite a few people.”
Let’s hope Mr. Punton reaches a few more people through this video and media coverage.
Note: Even in the year 2040, more than a quarter-century from now, the EIA estimates that renewables including: a) landfill gas, b) biogenic municipal waste, c) wind energy, and d) photovoltaic and solar thermal sources COMBINED will only contribute about 3.5% of the total energy consumed in the US. And that is probably assuming the the massive and wasteful subsidies for solar and wind energy, illustrated above by Mr. Punton’s experience, will continue unabated.
… LEC here — i am going to include the link , and then the story from his local paper . When you realize where he is from (Rochester , NY) , then you understand how idiotic that the idea of solar power is , especially in the Northeast . No wonder tax rates need to be so sky high in New York state , in order to pay for idiocy such as this ..
.. the link is in the local news article . skip the ad , and watch the video . Do not blame the guy . He is using the installation as a teaching tool . He is not dumb , and i do not blame him .
[h/t — the (rochester) democratandchronicle.com]
The 20 solar panels Jeffrey Punton installed in the backyard of his Weldon Street home won’t ever generate enough electricity to cover their cost. Which is the whole point.
He means them as a cautionary tale, one that Punton said cost him $13,000 and received another $29,500 in state and federal subsidies and tax credits.
He installed the panels in 2009, and they work: he has generated about 15,000 kilowatt hours of electricity in four years, saving several hundred dollars a year on his energy bill.
That’s a lot of savings, but barely enough to recoup his initial investment over several decades, and not enough to cover the public money involved. It’s that public money that chafes him, evidence of governmental intrusion in the marketplace.
It’s a message that runs counter to the prevailing trend, especially in Monroe County. Greece recently lured a solar manufacturer from California, a coup local and state officials are touting as part of the region’s future.
Punton doesn’t buy it — at least on the consumer scale. And spending $13,000 of his own money on a project he predicted would fail doesn’t bother him.
He considers the $29,500 the government gave him a foolish investment — throwing good money after bad — and misses no opportunity to point it out.
“It’s a billboard to talk about it to people as they come by,” he said. “It’s disappointing how little people know about the economics of it. … I don’t think it’s a smart investment to pay someone three times what they’re putting in.”
About $17,000 of the money for Punton’s panels came directly from the New York
State Energy Research and Development Authority.
In an email
, a NYSERDA spokeswoman did not address Punton’s financial concerns but said solar power “plays an important part in New York state’s diversified renewable energy portfolio, which was created to reduce electricity use from fossil fuels and increase the amount of electricity from renewable sources.”
Punton, 60, works as a certified public accountant
and has lived in the 19th Ward since his days as a University of Rochester chemistry student in the 1970s. He’s a libertarian and self-taught tinkerer with a half-dozen projects contributing to the disarray in his yard at the corner of Weldon and Custer streets
There’s the biofuel conversion setup, in which fryer grease from a Chinese restaurant is cooked, separated out and percolated through a 15-foot PVC column full of woodchips before filling the 40-gallon jugs that line the pathway to Punton’s porch, the concrete steps for which he poured and molded himself.
There are the two 55-gallon compost drums, the output of which he scatters on asparagus, chard, rhubarb, strawberries, blueberries, peppers, scallions, quinces and herbs tucked among piles of sand, broken up pavement and coils of wire. It’s an impressive urban homestead for someone who considers much environmental
advocacy “stupid.”
There’s the two-seat airplane he started assembling 30 years ago but abandoned because of an allergic reaction to the epoxy that turned his arms bright red. The components are still scattered through his house, and rumors of a new type of adhesive have piqued his interest.
But it’s the solar panels that dominate the property. They’re mounted on a pergola he built himself that tilts to follow the sun and provides shade for plants beneath.
It’s a fine example of a person making a small difference for the environment — except the person doing it doesn’t approve at all.
“Overall,” Punton said, “the project just doesn’t make a whole lot of sense.”
… Nice One , Harold [Ford , Jr.] …
Posted by paulfromwloh on Saturday,April 19th,2014
.. former congresscritter Harold Ford Jr. was on Meet the DePressed the other Sunday …
.. [h/t — NBCNews]..
.. [link] to the video clip ..
.. the DemoCraps have to be stewing at this . It is almost perfect to put part of this clip into a campaign commercial …
.. Harold Ford Jr. is a good guy , a fairly moderate DemoCrap (by DemoCrap standards) , and lives now in New York . He could make life interesting for someone if he ever decided to get involved in electoral politics , again …
Posted in personal opinion | Tagged: campaign trail, commentary, congresscritter, Harold Ford Jr., New York, talking head, Tennessee, Video clip | Leave a Comment »