Wednesday, July 27, 2005

The Energy Shill

Congress is about to pass an Energy Bill.

And the Solar Energy Industries Association is happy.

Washington, DC July 27, 2005

"The SolarEnergy Industries Association (SEIA) applauds Congress for producing the strongest national policy for solar power in two decades," said SEIA President Rhone Resch.

" For the first time since 1985, homeowners who install solar energy systems will receive a tax credit worth 30% of the system cost, capped at $2,000. Businesses that purchase solar equipment will also receive a credit worth 30% of the system cost.

These tax credits will bring solar power costs over the tipping point in many areas of the country.

"With the solar provisions in this Energy Bill, Congress is supporting individual Americans who make a real contribution towards U.S. energy independence. Installing solar energy on your roof is one of the most meaningful steps an individual can take to reduce our reliance on foreign sources of energy and help declare energy independence. Now solar comes with a more affordable price tag, and more consumers will take a step towards energy independence by choosing solar power. That means cleaner air, more jobs, and greater energy security for all."

The Energy Bill:

Increases the permanent 10 percent business energy credit for solar to 30% for two years. Eligible technologies include photovoltaics, solar water heaters, concentrating solar power, and solar hybrid lighting. The credit reverts back to the permanent 10 percent level after six years.

Establishes a 30 percent residential energy credit for solar for two years. For residential systems, the tax credit is capped at $2,000.

I looked for a similar statement from the Wind folks at AWEA, but I don't see a statement yet.

Congressman Henry Waxman says its a big giveaway.

"It's outrageous that this bill helps line the pockets of the oil and gas industry, which is already making record profits," said Tiernan Sittenfeld, legislative director of the League of Conservation Voters.

Much of the criticism of the legislation was tied to the billions of dollars that would flow to energy producers through tax breaks, relief from federal oil and gas royalties, grants for research into new ways to extract hard-to-reach deposits, loan guarantees and other financial aid.

Probably the worst part of it is the repeal of PUHCA , the Depression-era Public Utility Holding Company Act, which limits utility mergers. Some consumer watchdog groups fear it could lead to a wave of electric utility acquisitions and consolidation.

As predicted when the Senate passed their version,

The National Renewable Energy Portfolio section did not make it.

However, in Texas, the RPS there was strengthened during

the Special Session.

As my Mother used to say when I was a little disappointed,

like when I came in second place in the backstroke,

"It's better than a hacking cough".

She's right of course.

The perfect true solution should not become the enemy

of a good to mediocre start.

Even if it's a shill.


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Anonymous Anonymous said...

It's too bad this legislation does absolutely nothing to lessen our dependence on foreigh oil. Our "leaders" once again have their heads in the sand, or maybe somewhere else I won't mention.....k

1:53 PM  

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