Tuesday, August 9, 2011

Clean energy updates, Craziness?

they hope to update 9,000,000 home in the next 9 years. Or about 1,000,000 a year.
In California
they anticipate that there will be a $500 charge to the home owner for analyzing the needs.

That means the home owners will pay $500,000,000 per year to the company proposing the retrofits.

Now , if they are hoping to update 1,000,000 homes a year, and the average cost would be, say, $10,000, that would mean that $10 Billion dollars a year in expenses.

Now if the Government gives credits for the work at 50%, it will cost the State 2.5 billion a year.

Oh, now they are talking about the banks lending the money to the users, and it might run at 19% interest on the loans.

And they want private money to get into the act.

And still no estimates of cost benefit analysis being performed.

What I want to know is why anyone thinks that this is a good deal.

Or, as I have consistently said, never believe the facts that a person, who is selling something to you, presents to you as proof it is a good deal.

I have trouble understand why people believe that the government should finance this sort of stuff. If it provides a substancial benefit to the home owner , or the the business, why wouldn't the person finance it themselves, without money from the government.

And you wonder why the government is growing and costing more and more each month.

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