Solar Power

I think most people would agree that solar power has the potential to be a positive energy source for our country. There are technical issues to be resolved and of course transportation of the power to parts of our country that don’t have the same potential for sun power on a daily basis. The government as it should offered tax breaks and other incentives to encourage development of this power source. Another incentive for the use of solar power on an individual basis is the opportunity to sell that energy back to the power companies in a consumers area.

We should remember that solar power is still in a development stage. The government subsides are crucial to the power source until the technical developments allow the business to generate and deliver this source based on a good economic plan. This premise sounds reasonable doesn’t it?

Wait, I have a concern. As most of us know the European governments and market place have embraced green energy in general and solar in particular. The European governments have provided funding, tax breaks and tax incentives to aggressively develop these energy sources. Now all of the European countries with the exception of Germany have faced a declining economy and huge debt build up so inevitably the green energy businesses would have to start to operate on a sound economic basis. However there is no sound economic basis for any of the renewable energy sources currently being used in Europe.

Enter Spain. Like other countries in Europe Spain has subsidized renewable energy sources and in particular solar sources. They offered the opportunity for new solar businesses to start up, gave them big tax breaks and low interest funding. Of course at the same time they were suffering from a bad economy, low employment rates and big debts. This week Spain announced that its senate is about to eliminate subsides for solar power, no longer allowing individuals to sell their personally developed solar power to the local power company, requiring those who have developed personal solar power sources to connect to the state controlled grid and of course not receive any compensation. Finally to add salt to the wound the government is imposing a tax on all solar power used. You might ask why would Spain take such drastic measures with an energy source with such potential. The answer is 28 billion dollars in debt all spent on green energy sources. The impact on businesses and individuals is devastating. Literally whole solar companies will have to shutdown and on the individual basis people who invested in solar power with the purpose of selling off some of that power to help balance the family finances are out of luck and must turn over their personal solar power sources to the government.

Here is my concern, we are following the same course that Spain did with solar power. We are subsidizing companies and individuals. We are in a debt crisis; our solar energy companies and individuals are not operating on sound economic premise. We need to recognize that we could easily spend 28 billion dollars to prop up solar power and then default on our debt ceiling and change policies on solar energy, withdrawing subsidies, capturing solar power at the company and individual level and imposing new taxes to cover a short fall just like Spain is about to do this week. Let’s walks back subsides on solar power and in fact all green energy projects and rely on the energy industry to develop new methods of using solar power and transporting that power.

I think most people would agree that solar power has the potential to be a positive energy source for our country. There are technical issues to be resolved and of course transportation of the power to parts of our country that don’t have the same potential for sun power on a daily basis. The government as it should offered tax breaks and other incentives to encourage development of this power source. Another incentive for the use of solar power on an individual basis is the opportunity to sell that energy back to the power companies in a consumers area.

We should remember that solar power is still in a development stage. The government subsides are crucial to the power source until the technical developments allow the business to generate and deliver this source based on a good economic plan. This premise sounds reasonable doesn’t it?

Wait, I have a concern. As most of us know the European governments and market place have embraced green energy in general and solar in particular. The European governments have provided funding, tax breaks and tax incentives to aggressively develop these energy sources. Now all of the European countries with the exception of Germany have faced a declining economy and huge debt build up so inevitably the green energy businesses would have to start to operate on a sound economic basis. However there is no sound economic basis for any of the renewable energy sources currently being used in Europe.

Enter Spain. Like other countries in Europe Spain has subsidized renewable energy sources and in particular solar sources. They offered the opportunity for new solar businesses to start up, gave them big tax breaks and low interest funding. Of course at the same time they were suffering from a bad economy, low employment rates and big debts. This week Spain announced that its senate is about to eliminate subsides for solar power, no longer allowing individuals to sell their personally developed solar power to the local power company, requiring those who have developed personal solar power sources to connect to the state controlled grid and of course not receive any compensation. Finally to add salt to the wound the government is imposing a tax on all solar power used. You might ask why would Spain take such drastic measures with an energy source with such potential. The answer is 28 billion dollars in debt all spent on green energy sources. The impact on businesses and individuals is devastating. Literally whole solar companies will have to shutdown and on the individual basis people who invested in solar power with the purpose of selling off some of that power to help balance the family finances are out of luck and must turn over their personal solar power sources to the government.

Here is my concern, we are following the same course that Spain did with solar power. We are subsidizing companies and individuals. We are in a debt crisis; our solar energy companies and individuals are not operating on sound economic premise. We need to recognize that we could easily spend 28 billion dollars to prop up solar power and then default on our debt ceiling and change policies on solar energy, withdrawing subsidies, capturing solar power at the company and individual level and imposing new taxes to cover a short fall just like Spain is about to do this week. Let’s walks back subsides on solar power and in fact all green energy projects and rely on the energy industry to develop new methods of using solar power and transporting that power.

I think most people would agree that solar power has the potential to be a positive energy source for our country. There are technical issues to be resolved and of course transportation of the power to parts of our country that don’t have the same potential for sun power on a daily basis. The government as it should offered tax breaks and other incentives to encourage development of this power source. Another incentive for the use of solar power on an individual basis is the opportunity to sell that energy back to the power companies in a consumers area.

We should remember that solar power is still in a development stage. The government subsides are crucial to the power source until the technical developments allow the business to generate and deliver this source based on a good economic plan. This premise sounds reasonable doesn’t it?

Wait, I have a concern. As most of us know the European governments and market place have embraced green energy in general and solar in particular. The European governments have provided funding, tax breaks and tax incentives to aggressively develop these energy sources. Now all of the European countries with the exception of Germany have faced a declining economy and huge debt build up so inevitably the green energy businesses would have to start to operate on a sound economic basis. However there is no sound economic basis for any of the renewable energy sources currently being used in Europe.

Enter Spain. Like other countries in Europe Spain has subsidized renewable energy sources and in particular solar sources. They offered the opportunity for new solar businesses to start up, gave them big tax breaks and low interest funding. Of course at the same time they were suffering from a bad economy, low employment rates and big debts. This week Spain announced that its senate is about to eliminate subsides for solar power, no longer allowing individuals to sell their personally developed solar power to the local power company, requiring those who have developed personal solar power sources to connect to the state controlled grid and of course not receive any compensation. Finally to add salt to the wound the government is imposing a tax on all solar power used. You might ask why would Spain take such drastic measures with an energy source with such potential. The answer is 28 billion dollars in debt all spent on green energy sources. The impact on businesses and individuals is devastating. Literally whole solar companies will have to shutdown and on the individual basis people who invested in solar power with the purpose of selling off some of that power to help balance the family finances are out of luck and must turn over their personal solar power sources to the government.

Here is my concern, we are following the same course that Spain did with solar power. We are subsidizing companies and individuals. We are in a debt crisis; our solar energy companies and individuals are not operating on sound economic premise. We need to recognize that we could easily spend 28 billion dollars to prop up solar power and then default on our debt ceiling and change policies on solar energy, withdrawing subsidies, capturing solar power at the company and individual level and imposing new taxes to cover a short fall just like Spain is about to do this week. Let’s walks back subsides on solar power and in fact all green energy projects and rely on the energy industry to develop new methods of using solar power and transporting that power.

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