Comments - SCAM: Legislation Would Help Create Power Line For Renewable Energy Made In Aroostook County - Citizens' Task Force on Wind Power - Maine2024-03-29T06:54:08Zhttps://www.windtaskforce.org/profiles/comment/feed?attachedTo=4401701%3ABlogPost%3A217381&xn_auth=noHIGH COSTS OF WIND, SOLAR, AN…tag:www.windtaskforce.org,2021-05-19:4401701:Comment:2174952021-05-19T15:30:00.811ZWillem Posthttps://www.windtaskforce.org/profile/WillemPost942
<p><strong>HIGH COSTS OF WIND, SOLAR, AND BATTERY SYSTEMS IN NEW ENGLAND</strong></p>
<p><a href="https://www.windtaskforce.org/profiles/blogs/high-costs-of-wind-solar-and-battery-systems">https://www.windtaskforce.org/profiles/blogs/high-costs-of-wind-solar-and-battery-systems</a></p>
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<p>The turnkey capital cost to implement the Vermont Comprehensive Energy Plan, CEP, would be in excess of <strong>$1.0 billion/y for at least 33 years (2017 - 2050)</strong>, according…</p>
<p><strong>HIGH COSTS OF WIND, SOLAR, AND BATTERY SYSTEMS IN NEW ENGLAND</strong></p>
<p><a href="https://www.windtaskforce.org/profiles/blogs/high-costs-of-wind-solar-and-battery-systems">https://www.windtaskforce.org/profiles/blogs/high-costs-of-wind-solar-and-battery-systems</a></p>
<p><strong> </strong></p>
<p>The turnkey capital cost to implement the Vermont Comprehensive Energy Plan, CEP, would be in excess of <strong>$1.0 billion/y for at least 33 years (2017 - 2050)</strong>, according to a 2015 Energy Action Network annual report. If updated to 2021, the numbers would be about <strong>$1.25 billion/y for 29 years (2021 - 2050)</strong>. See URLs.</p>
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<p><a href="http://eanvt.org/wp-content/uploads/2016/04/EAN-2015-Annual-Report-Low-Res-Final.pdf">http://eanvt.org/wp-content/uploads/2016/04/EAN-2015-Annual-Report-Low-Res-Final.pdf</a> </p>
<p><a href="https://outside.vermont.gov/sov/webservices/Shared%20Documents/2016CEP_Final.pdf">https://outside.vermont.gov/sov/webservices/Shared%20Documents/2016CEP_Final.pdf</a></p>
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<p>Spending on government energy programs, including Efficiency Vermont, has averaged about <strong>$210 million/y from 2000 to 2015</strong>, a total of at least $2.5 billion, but Vermont CO2 emissions increased from 9.64 million metric ton in 2000, to 9.54 MMt in 2015, a decrease of 1.0%.</p>
<p><a href="https://dec.vermont.gov/sites/dec/files/aqc/climate-change/documents/_Vermont_Greenhouse_Gas_Emissions_Inventory_Update_1990-2017_Final.pdf">https://dec.vermont.gov/sites/dec/files/aqc/climate-change/documents/_Vermont_Greenhouse_Gas_Emissions_Inventory_Update_1990-2017_Final.pdf</a> </p>
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<p>That means, on average, these RE programs:</p>
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<p>- Have been expensive failures for 15 years</p>
<p>- Led to higher energy prices, and higher other prices, than they would have been without those wasteful programs.</p>
<p><a href="http://www.windtaskforce.org/profiles/blogs/vermont-is-going-to-hell-in-a-handbasket-regarding-foolish-energy">http://www.windtaskforce.org/profiles/blogs/vermont-is-going-to-hell-in-a-handbasket-regarding-foolish-energy</a></p>
<p> </p>
<p>Giving the same RE folks <strong>six times</strong> as much money per year, to implement the CEP, per mandate of the unconstitutional GWSA, would be very far beyond rational.</p>
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<p><strong>Advice</strong>: When stuck in a pit, it is best to stop digging, and find something better to do, such as energy-efficiency buildings, which would reduce CO2 at low cost per metric ton, for many decades See Appendix.</p>
<p><a href="https://www.windtaskforce.org/profiles/blogs/electric-bus-systems-likely-not-cost-effective-in-vermont-at">https://www.windtaskforce.org/profiles/blogs/electric-bus-systems-likely-not-cost-effective-in-vermont-at</a></p>
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<p><strong>Vermont’s CO2 is about the size of a dot at the end of a sentence.</strong> See Image and URL</p>
<p><a href="https://wattsupwiththat.com/2021/04/16/eia-u-s-co2-emissions-declined-11-in-2020-no-change-in-rising-atmospheric-carbon-dioxide/">https://wattsupwiththat.com/2021/04/16/eia-u-s-co2-emissions-declined-11-in-2020-no-change-in-rising-atmospheric-carbon-dioxide/</a></p>
<p><strong> </strong></p>
<p><strong>World 2021 Annual Energy Report</strong></p>
<p><a href="https://privatebank.jpmorgan.com/content/dam/jpm-wm-aem/global/pb/en/insights/eye-on-the-market/future-shock.pdf">https://privatebank.jpmorgan.com/content/dam/jpm-wm-aem/global/pb/en/insights/eye-on-the-market/future-shock.pdf</a></p>
<p> <strong> </strong></p>
<p><a href="https://storage.ning.com/topology/rest/1.0/file/get/8945799857?profile=original" target="_blank" rel="noopener"><img src="https://storage.ning.com/topology/rest/1.0/file/get/8945799857?profile=RESIZE_710x" class="align-full" width="479" height="250"/></a></p>
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<p><strong>Warren Buffett Riding the Subsidy Gravy Train</strong></p>
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<p><strong>Quote:</strong> "I will do anything that is basically covered by the law to reduce Berkshire's tax rate, for example, on wind energy, we get a tax credit if we build a lot of wind farms. That's the only reason to build them. They don't make sense without the tax credit." </p>
<p><a href="https://www.usnews.com/opinion/blogs/nancy-pfotenhauer/2014/05/12/even-warren-buffet-admits-wind-energy-is-a-bad-investment">https://www.usnews.com/opinion/blogs/nancy-pfotenhauer/2014/05/12/even-warren-buffet-admits-wind-energy-is-a-bad-investment</a></p>
<p><strong> </strong></p>
<p><strong>Green Mountain Power, GMP, Riding the Subsidy Gravy Train</strong></p>
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<p>Vermont utilities buy about 1.4 million MWh/y of hydro power, at 5.7 c/kWh, under a 20-y contract, from Hydro Quebec. The HQ electricity is not variable, not intermittent and does not cause midday solar bulges</p>
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<p>GMP, a Canadian company, refuses to buy more hydro electricity from HQ, because that electricity would just be a “pass-through”, on which GMP would make minimal profit. HQ has plenty of electricity and is eager to sell it. <strong>This approach requires no subsidies!!</strong></p>
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<p>Instead, GMP wants to invest in heavily subsidized utility-scale solar/battery system combos, and spread them all over Vermont, as part of its very expensive “micro-grid” strategy. The combos are much more profitable for GMP, than buying more electricity from HQ. However, combos would lead to significantly increasing electricity costs for Vermonters.</p>
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<p>The cash value of the subsidies, about 45% of the turnkey cost of the GMP investments, is recovered by GMP in the first 5 years, i.e., skimming the fat off the milk for GMP, and increased costs for ratepayers and taxpayers.</p>
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<p>Solar/battery combos come with subsidies:</p>
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<p>1) Grants from various sources, such as the VT Clean Energy Development Fund</p>
<p>2) 26% federal investment tax credits, plus state FITs. Tax credits reduce, dollar-for-dollar, the taxes GMP paid on profits</p>
<p>3) 100% depreciation over 5 years; the normal for utilities is 20 to 25 years. Write-offs reduce GMP taxable income</p>
<p>4) Deductions of interest on borrowed money. Interest deductions reduce GMP taxable income. See URL</p>
<p><a href="https://solarplusllc.com/macrs-and-bonus-depreciation/">https://solarplusllc.com/macrs-and-bonus-depreciation/</a></p>
<p><a href="https://storage.ning.com/topology/rest/1.0/file/get/8945799857?profile=original" target="_blank" rel="noopener"> </a></p>