More Wasteful Spending on Solar Energy in Nevada
We’ve already seen how President Obama has stood in the way of projects that would create thousands of American jobs and reduce energy costs. His administration has imposed painful regulations on affordable and abundant energy, stalled commonsense solutions like the Keystone Pipeline, and spent recklessly on special favors and subsidies to “green” energy companies, for example.
Yesterday the Nevada Journal highlighted yet another example of wasteful spending on green energy: A Canadian company will receive up to $50 million in federal stimulus dollars for a Nevada solar plant — even though the plant will employ only two people! The article highlights some other striking statistics:
* According to the Department of Energy’s own estimates, the section 1603 energy payment program, part of the President’s stimulus package, created only 5,500 permanent full-time jobs nationwide despite spending nearly $10 billion—meaning that that each job cost taxpayers about $2 million!
* Energy from the solar plant will cost ratepayers nearly three times more than energy from natural gas. (This is thanks to mandates from the state government; it enacted a Renewable Portfolio Standard of 25 percent “green” energy by 2025.)
It’s increasingly clear that green energy projects fail to deliver on their job creation promises. Even Joe Biden’s former economic adviser, Jared Bernstein, admits it. “If you run a solar plant, it doesn’t take a ton of people to run some of these plants,” he said last month in Washington, DC.
We can’t afford to ignore cost of government’s out-of-control spending on green energy programs. It’s time to Stop Tanking America.