Green Government: Update on Stabilizing Solar Sector for NJ
Pony up for a stable, strong solar sector in NJ.
With tax subsidies.
That’s essentially the gist of the conversation in Trenton right now.
It’s pretty clear that the sector will collapse without financial support from taxpayers.
The question is, how much?
And will that cost be worth it?
Here’s a solid round-up of the issues and major players:
Proponents say it’s a worthwhile tradeoff, noting solar energy has the promise of meeting a reasonable balance of environmental, reliability and economic objectives.
The Governor is aligned with major industry players who say that supporting solar subsidies is the right move now.
Pay a little bit now, get a lot of jobs and future revenues later.
Opponents claim that it’s time to stop propping up solar and let market forces (aka “survival of the fittest”) decide.
I’d be down with the let-the-market-decide if it were a level playing field.
Oil enjoys tremendous government subsidies. The thing is, we’ve all gotten so used to it that we forget to account for it in the math.
Here’s a nifty infographic on what oil and solar would look like with comparable support.
Governor Christie knows that too many people have skin in the solar sector to let it go down.
For once, I’m in agreement.
Posted by in Green Business | Green Government