Sunday, February 05, 2017

Electric Shock in NY!

Solar and wind-generated electricity from eleven large projects in NY State that will sell for an average of $16.25 per megawatt-hour in the market will receive subsidies from NYS of $24.24 per megawatt-hour, with wind turbines receiving an additional $23 per megawatt-hour in federal tax credits.

That means that the solar power will actually cost $40.49 per megawatt-hour or 2.5 times the normal cost of electricity; and the wind power will actually cost $63.49 or almost 4 times the normal cost of electricity!

All this expense is to produce an imperceptible if not an incalculably tiny change in temperature to fight climate change.

It takes a special kind of stupid to enact a policy that pays 2.5 to 4 times what something is worth without getting anything tangible in return!

Is it any wonder jobs and businesses avoid NYS?

Get the full scoop from the Daily Caller.

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