JoNova

A science presenter, writer, speaker & former TV host; author of The Skeptic's Handbook (over 200,000 copies distributed & available in 15 languages).


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Canberra man uses subsidies, “invests” $20,000, still pays $700pa in electricity. Hopes to break even in 14 years.

A fairly crappy investment in every sense — even as a “subsidy farmer”:

…renewable energy proponents say individual consumers like Mr Pulford could play an increasingly important role as citizen investors.

“I say it is a little bit gold plated,” Mr Pulford says of his $20,000 investment.

‘The new system was installed last month and he is already generating enough power to run all his home energy needs, charge his son’s hybrid SUV and sell excess back to the grid. “It ranges between $2 to about $1.90 a day for energy and that can be with the clothes dryers and bar heaters on.”

Mr Pulford said he expects to pay off the investment within 14 years.

He’s excited that his electricity bill is only $700 a year, after laying out twenty grand. After 14 years his “investment” will start to pay off, assuming the batteries are still running, the solar panels are clean, and the inverter didn’t need replacing. Those battery warranties, at best, are ten years. He might get lucky. Without subsidies, his “pay-back time” would be something like 30% longer.

In the ACT, 250 homes with Reposit technology [...]

Taxpayers give $300m to Saudi billionaire for solar plant that makes 2% of old dying coal plant’s power

It will only take 50 plants like this, and $15 billion spare dollars, to replace the Liddell coal station (8,000GWh), now slated for closure in 2022.

$300m handout to Saudi tycoon for solar farm

Australians are set to pay $300 million in subsidies to an outback solar farm owned by a Saudi Arabian billionaire in a new test of the federal government’s looming energy reforms, escalating a dispute over whether to cut the handouts to keep coal-fired power stations alive.

AGL’s controversial Liddell coal power station in the NSW Hunter Valley generates 50 times as much electricity as the Moree solar farm in the state’s north, which stands to gain big subsidies from households from higher electricity bills until 2030…

But we need more chinese-built glass panels that make green weather-controlling electrons.

Lucky solar power is so competitive. Look at the money roll…

The Moree solar farm generates 150,000 megawatt hours of electricity a year, about 0.08 per cent of the 200 terawatt hours produced on the national electricity market every year. The project is forecast to collect about $50m in payments over the next four years and $90m in the following decade under the existing [...]

Clean energy “investments” just a tiny $243 Billion in 2010

Click on the image to go to a fully interactive infographic where you can find out just how much money people have buried,  I mean, invested in clean energy in your country. It’s nifty.

Have you ever thought about how lucky we are that only kind-hearted helpful souls are involved in the erstwhile cottage industry known as “renewable energy”?

Imagine if a less-than-scrupulous agent got into these green-fields of money, and frolicked in the vast acreage of subsidies, schemes, and easy loans? Where would we be? The public would think the people and the industry were here to save us, the industry could prod levers of government to encourage more subsidies and pro-renewable energy legislation. The “cottage” industry could also pay for and help write reports that the government then used in order to convince the people to put more of their goods and chattels in the public-trough. In variations on the circular theme, the industry could apply for grants from the government to help pay for the reports it wrote for the government to help it earn even more subsidies, or to cripple it’s competitors. (eg. See here).

Thus deadly positive feedback would spiral out of control.

Then [...]