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President
Obama has often repeated his stance on alternative energy. He
plans to spend $150 billion over 10 years on alternative energy,
not only as part of his energy independence plan, but also in
order to help clean the environment.
Solar
subsidies could reach 70 percent in CA
April 22nd SACRAMENTO — Californians could receive
government subsidies for more than 70 percent of the cost of installing
solar energy panels on their homes, under a bill by Sen. Tony Strickland
that advanced today in the Legislature.
Strickland, a conservative Republican who made the promotion
of alternative energy a centerpiece of his election campaign last
fall, is proposing the state provide tax credits to individuals
to cover 30 percent of the cost of installing solar panels or other
renewable energy devices on their properties.
The proposed new state income tax credits would be in addition to
a 30 percent federal tax credit and state solar energy rebates of
10 percent to 15 percent that are funded by electricity ratepayers.
The measure was approved by the Senate Energy, Utilities and Communications
Committee without a dissenting vote. Some members expressed concerns
about what the ultimate cost to the state budget would be, whether
there should be a limit on government subsidies, and whether low-income
ratepayers would in effect be subsidizing free electricity for upper-income
homeowners who can afford the upfront costs for solar installations.What
are the environmental benefits?
Strickland, R-Moorpark, said he believes the incentives proposed
in SB 463 are especially important in a down economy because they
will spur job-creating activity in building and installing the devices,
providing a boost to the economy while also reducing reliance on
petroleum fuels and the emissions of greenhouse gases.
