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The San Diego Alternative Energy Meetup Group Message Board Jobs › Greedy green companies begging for tax credits, just say NO

Greedy green companies begging for tax credits, just say NO

A former member
Post #: 257
The alternative energy companies are holding back construction of solar plants saying they will not start construction until they have their 30% tax credit renewed. That without it they can't compete economically.

What a load of crap. They are nothing more than greedy politicians no better than the Bush administration.

Lets do the math. How much has fossil fuel costs gone up over the last year. Our Senators are quoting 60% in just one year. And you know it's going to go up as the years go by.­

So despite these facts the alternative energy companies are playing greedy politics trying to milk our system for as much as it is worth. Give an inch and they'll take a mile. Don't fall for their games. The market will sort them out just fine. And while we are at it lets take away all tax incentives and credits for all energy markets.

Where have all the honest people gone? Have they all been trained by our business schools to be crooks?
A former member
Post #: 2
Dave makes good points about the problems with tax credits; actually, there are some more points to be made as well.

Governments at several levels use tax credits, subsidies, tariffs, etc. that we all (and our children), voluntarily or not, pay for. By this method, governments (and lobbyists) make choices for us among technologies that may not be technically sound. These goodies are turned on and off, creating the sort of market uncertainty that it anathema to startups.

While I firmly believe that many renewable energy techniques should compete in a big shoot-out, we should let traditional market forces do their things. Yes, lots of money is needed to fuel these ventures. That is what the Pickens and the venture capitalists and the stock market are all about; there should be no law against voluntarily investing your own money, to make or loose a bundle.
A former member
Post #: 259
Here's an update for those not keeping up with the politics

A very important element of the legislation is the extension of tax breaks for renewable energy development and energy efficiency to 2012, something congress has thus far been unable to do in this session. Allowing these tax incentives to expire at the end of the year will mean yet another setback for sustainable energy development so desperately needed.

As with any compromise, few are happy with all elements of the bill. Republican Mel Martinez wants the bill to address drilling in ANWR and oil shale production in the west. Florida Senators object to the proposal to open up more areas in the Gulf of Mexico without the state’s input.

Nonetheless, the bill hammered out by the Gang of 10 likely represents this Congress’ last, best attempt at breaking the intransigence before the November elections. Intransigence fostered, in my view, largely by polarization from the White House, like an impudent teenager not getting his way.

Senate Majority leader Harry Reid said he will support the bill, though he does not agree with all the of its proposals:

"I am hopeful this plan can begin to break the current legislative stalemate on the Senate floor."

So are we.

The Senate will debate the legislation after they return from their five-week break.­

I'm guessing this bill will be passed giving solar subsidies to 2012.
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