How to Run the A/C Full Blast Without Paying For It
By Barry Ritholtz - August 19th, 2011, 10:49AM
Home Solar Power Discounts – One Block Off the Grid
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Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data, ability to repeat discredited memes, and lack of respect for scientific knowledge. Also, be sure to create straw men and argue against things I have neither said nor even implied. Any irrelevancies you can mention will also be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.
August 19th, 2011 at 11:04 am
but remember… Larry Kudlow says the green energy movement is a dismal failure (just yesterday on cnbc) so somebody must have made this all up
August 19th, 2011 at 11:12 am
SOLAR is a JOKE, a Ponzi scheme where we are: just had a company out and with the Federal and local utility rebate, it would take us TWENTY years to recoup our investment in solar for our home and the panels are only warranted for 10 and we would save a whopping $300 a YEAR; by the time we would pay for this system, we’ll likely be dead.
The utility spokesperson said: “it doesn’t make sense for you to install this unless of course you want to feel good about being GREEN.”
August 19th, 2011 at 12:21 pm
Like any investment that depends on nature (e.g., golf courses), geography matters. For someone in Michigan, Oregon, Washington, and some other places solar may not be a good investment. That fact that it doesn’t work in some places, however, doesn’t make it a joke or a ponzi scheme or an uneconomical choice in others.
August 19th, 2011 at 2:12 pm
Solar panels are very uneconomic without rebates and other gimmicks. NJ has a big gimmick where the utes play robin hood and collect from regular custs and give credits to solar panels and other greenery.
Now solar panel “farms” are springing up to collect the renewable energy credits. These big farms will drive down the market value of the energy credits and stretch out the payback to rooftop panels to infinity -and the panels don’t have an infinite lifetime warrantee LOL. It’s a scam thats why you see every underemployed contractor in NJ pushing solar panels.If free electric sounds too good to be true it’s because it is.The free electric will cost you tens of thousands.
http://www.nytimes.com/2011/03/23/realestate/commercial/23solar.html
August 19th, 2011 at 2:22 pm
i’m left wondering what the article has to do with the title?
August 19th, 2011 at 2:40 pm
Of course, the investment in solar only makes sense if you are large consumer of electricity. But a ponzi scheme? Geez, get real.
Would that solar and other alternative energy received but a fraction of the government support provided to oil, gas and coal.
August 20th, 2011 at 12:24 am
@number2son: quotes from H. Clinton and B. Obama on the happy campaign trail:
Hillary Clinton, July 23, 2007: I have proposed a strategic energy fund that I would fund by taking away the tax break for the oil companies, which have gotten much greater under Bush and Cheney.
Obama, June 22, 2007: In the face of furious lobbying, Congress brushed aside incentives for the production of more renewable fuels in favor of more tax breaks for the oil and gas companies.
And now please see a quote from Annenberg Public Policy Center, Factcheck.org commenting on the above quotes” titled “Oil Company Tax Breaks?”:
“Both candidates are referring to H.R. 6, the 2005 energy bill that contained $14.3 billion in subsidies for energy companies. However, as we’ve reported numerous times, a vast majority of those subsidies (all but $2.8 billion) were for nuclear power, energy-efficient cars and buildings, and renewable fuels research. In addition, according to the nonpartisan Congressional Research Service, the tax changes in the 2005 energy bill produced a net tax increase for the oil and gas companies, as we’ve reported time and time and time again. They did get some breaks, but they had more taken away.”