Good Budget Move
Now do this a few hundred times and Illinois might actually have a balanced budget:
- Hundreds of conservation-minded home owners who are waiting on thousands of dollars from the state of Illinois may end up empty-handed.
As CBS 2 [...] reports, they are the latest victims of the state’s budget crisis.
Estimated heating bills for Linda Foster were nearly $900 a month before she and her husband did major upgrades to their furnace, insulation, windows and — the biggest saver – they installed solar panels. Now, their home is cheaper to maintain.
The big savings came with a significant upfront cost — $20,000. But it also included a 20 percent discount from U.S. Solar, the company that installed the panels; a 30 percent tax write-off; and a 30 percent rebate from the state that was expected to be $6,000.
But Foster’s husband, Edmondo Lupieri, says an email from the state of Illinois delivered some bad news. Officials said they had a record number of applicants and not everyone would be reimbursed. Only 359 owners – randomly selected – would be reimbursed, with another 240 people not being reimbursed for installing solar panels.
We'll bet the politically connected got their rebates. But in reality, if the technology can't pay for itself, then it should succeed or fail on its own merits or shortcomings. The state in general and this state specifically, shouldn't be in the business of subsidizing technology that is wasting money to make the green lobby feel good about itself. There are studies that show all those windmills will never recoup the money spent to build them. Ever. That's billions, maybe trillions of money pissed away that could have been better spent repairing infrastructure, building nuclear plants, improving air-cleaning technology at existing power plants.....funding pensions.
Labels: money questions