Wednesday, April 13, 2011
If Solar Energy Got the Same Subsidies as Fossil Fuels...
The Energy Establishment contends that renewable energy sources like solar power and wind are decades from being viable alternatives to fossil fuels. A pro-solar group One Block Off the Grid disagrees. To challenge this longstanding myth advanced by opponents of subsidies for renewable energy, the pro-solar group put together the Infographic at right.
Germany, for example, only receives 2.6% of the sunlight as the US does, but still manages to produce 60 times as much solar power. How do they do it? According to Triple Pundit, it was done through a government-introduced mechanism called a feed-in tariff (FIT) that was first initiated twenty years ago. The tariff requires utilities to connect renewable energy generators to the grid and buy the electricity produced at a rate of 65 to 90% of the retail cost. Other countries have now replicated this model.
Meanwhile, the GOP has proposed massive new cuts for renewable energy subsidies.