In Indiana, solar employs nearly three times as many people as natural gas, according to the Department of Energy. You might think, given the numbers, that legislators would want to protect the state’s nascent solar industry.You would be wrong.Indiana Gov. Eric Holcomb (R) signed a bill Tuesday that shreds incentives for rooftop solar, delivering a blow to solar installers and their customers.Currently, if rooftop solar owners generate more electricity than they use, the power utility will buy the excess power at the retail rate—around 11¢ per kilowatt-hour. This practice is known as net metering. Under the new law, the utility would buy the excess power at a little more than the wholesale rate—around 4¢ per kwh.
This is all about politics and maintaining power (pun intended). You think incentives aren’t that important and don’t play a role in all this? Well then you must not know that the fossil fuel industries get BILLIONS of dollars per year in subsidies. BILLIONS! That’s your tax dollar investment ON TOP of what you have to pay to your utility company! Not to mention, but of course I will, going after solar companies restricts your choices and limits your freedom to choose.
Don’t believe me about the billions in subsidies to fossil fuel companies each year, check this:
Fossil fuel companies are benefitting from global subsidies of $5.3tn (£3.4tn) a year, equivalent to $10m a minute every day, according to a startling new estimate by the International Monetary Fund.
The IMF calls the revelation “shocking” and says the figure is an “extremely robust” estimate of the true cost of fossil fuels. The $5.3tn subsidy estimated for 2015 is greater than the total health spending of all the world’s governments.