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Are solar incentives a subsidy for the rich?

The following is a guest essay by Tom Konrad, a financial analyst specializing in renewable energy and energy efficiency companies, a freelance writer, and a contributor to AltEnergyStocks.com.

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One of the most common arguments against incentives to help people buy solar panels for their homes is that they are a subsidy for the rich, paid for by everyone. The argument is that only the rich can buy a photovoltaic system, which, even with subsidies, costs thousands of dollars. Why should everyone chip in to help rich people buy new toys?

On the surface, this argument is persuasive. Why should everyone pay if only the rich get the benefit?

Basic fairness dictates that society should only subsidize activities which create societal (rather than individual) benefit. On closer examination, however, we see that the bulk of the benefit for solar goes to society rather than the homeowner/installer.

Let's look at the benefits of a photovoltaic system. Numbers are for a 4-kW system, installed for $8 per peak watt with the rebates currently available in to me in Colorado, plus the federal tax credit.

Mining claims encroaching on Western population centers

Mining claims on federal land in the West are coming increasingly close to urban areas, according to a new report from the Environmental Working Group. Thanks to a spike in the value of many minerals — and antiquated U.S. mining law, which is highly prospector-friendly — there are now 51,600 hardrock claims within five miles […]

This is what happens when Hollywood saves the whales

50 Cent. A motley crew of Hollywood homeboys may be banding together for a benefit concert to free Lolita, a killer whale who’s lived in captivity for four decades performing at the Miami Seaquarium. Efforts to return Lolita to her Pacific Northwest home have been underway for years, but it hasn’t gotten much press until […]

Wear blue for Earth Day 2008 to vote for no coal!

(high-res version here; free for distribution)

Earth Day 2008 is going to be historic. We, along with numerous other groups around the nation, are calling on everyone to wear blue during Earth Day 2008 to signify a vote for no coal. Events will be happening around the world from April 19-22, so ...

Umbra on tap water

Umbra, I was wondering where the H2O from the tap comes from, and where it goes to. Beth Swarthmore, Pa. Dearest Beth, It comes from and goes back to the water cycle, which I’ve been reading a lot about in Richard Scarry’s classic work What Do People Do All Day? The book answers the “where […]

Thoughts on the NODPA/Stonyfield debate over organic dairy

About four years ago, I attended a workshop by Jonathan White, the maverick New York State cheese maker/baker/dairy farmer of Bobolink Dairy. Photo: iStockphoto Like a Southern Baptist preacher thundering from the pulpit — only with a Northeastern accent and lots of good humor — White had a message to deliver. He exhorted conventional dairy […]

What does Spitzer’s exit mean for environmentalism, and how is that funny?

So long, and thanks for all the dish. So how about this Spitzer business, huh? So much to say, so much humor to mine, so little of it related to the environment in any way … days like these, I envy Wonkette. Ah well, here’s an attempt at something reasonably serious. Spitzer was an environmental […]

New York Governor Eliot Spitzer resigns, leaving behind eco-legacy

Prostitution-ring participant Eliot Spitzer has resigned as New York’s governor, leaving behind a not-too-shabby environmental legacy. As New York’s attorney general, he sued the Bush administration over various eco-issues, including greenhouse-gas emissions, mercury pollution and water guzzling from power plants, pesticide use in public housing, and efficiency standards for appliances. Photo: ny.gov Spitzer took plenty […]

Influential CEOs gather to discuss sustainability, by which I mean plot total global domination

Today I’m heading down to sunny Santa Barbara for “a CEO-level view of the rapidly developing relationship between the environment and the bottom line." The list of speakers is daunting, a veritable gaggle (murder?) of CEOs: Jeff Immelt of GE, H. Lee Scott, Jr. of Wal-Mart, Jim Rogers of Duke Energy, Patricia Woertz of ADM, […]

Company agrees to pay record $250 million in Superfund cleanup costs

W.R. Grace & Co. agreed to pay $250 million to reimburse the U.S. EPA for ongoing cleanup of the asbestos-ridden mining town of Libby, Mont. A mine owned by Grace that operated from 1963 until 1990 contaminated much of the town with asbestos-tainted vermiculite. Over 200 area residents have died from related cancers, and over […]