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Tuesday, June 16, 2015

Pay $1.22 million to save $500,000

Morons run the country. In New Hampshire, they are paying $1.22 million to save $500,000.

New Hampshire utility ratepayers will pay a Taiwanese company $1.22 million to build the state’s largest solar installation so that a small town can save about $500,000 in power costs over the life of the project.
Taiwan’s Walsin Lihwa, parent company of Borrego Solar, will use Chinese-made solar panels in the 3.5-acre project, which is supposed to be finished in July. It will supply power to several municipal buildings in the area but only some of the time: the town of Peterborough (population: 6,284) gets only 197 sunny days per year.
“What a great project,” deadpanned David Kreutzer, a senior fellow with the Heritage Foundation. “A $1.2 million grant allows Peterborough to save $500,000! And that doesn’t include the cross-subsidies of net metering.” Net metering requires all other ratepayers to cover the fixed costs of electricity distribution so that solar users have a safety net when the sun doesn’t shine.
In an unusual feature of the deal, Borrego Solar will retain ownership of the system. That allows the company to claim a 30 percent federal tax credit — along with $55,000 in yearly renewable energy credits paid for by local ratepayers.
As for the rest of year, Peterborough will have to buy electricity from conventional sources.
We call them conventional because they work.


  1. Idjits! Clear stupidity run amok!

  2. Those poor folks had their electric rates double from 7.7 cents per kWh to 15 cents per kWh. Where I live, the going rate is 35 cents per kWh!!! Solar PV systems in an area that historically gets fewer than 100 days of sunshine each year and where the cost of power being generated from fossil fuels is still quite reasonable make no sense to me. Add to that the fact that the amount of power that can be produced by such a system will peak during the summer when power consumption is typically at its lowest level, and will drop off considerably during wintertime when consumer need for power is normally greatest, i.e., the annual cycles of power generation and power consumption throughout the year are 180 degrees out of phase. For a location as far north and as cloudy as NH, the difference between the output of the system in wintertime versus summertime could be huge, by as much as a factor of 5 or more.