Obama scammed by green energy again?

[thundley4]

warrior1   (1000+ posts)           Wed Sep-07-11 07:39 PM
Original message
Obama OKs Largest Residential Solar Project
   
http://www.kcra.com/news/29111446/detail.html

Hey look JOBS


WASHINGTON -- The Obama administration said Wednesday it is providing a loan guarantee for a massive solar energy project that could double the number of glimmering solar panels on residential rooftops in the U.S.

The Energy Department said it provided a partial guarantee for a $344 million loan to San Mateo, Calif.-based SolarCity for the SolarStrong Project, which seeks to place solar panels on 160,000 homes across 124 military bases in 33 states.

"This is the largest domestic residential rooftop solar project in history," Energy Secretary Steven Chu said in a news release. "This groundbreaking project is expected to create hundreds of jobs for Americans and provide clean, renewable power to our military families."

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=439x1895524

Broderick   (1000+ posts)           Wed Sep-07-11 07:54 PM
Response to Original message
12. Now wait a minute
   
Didn't a company that got 500 million plus from the stimulus that does this go belly up a year or two after getting the money??? The loan from the government was written so that it is last on the list for recoup in the bankruptcy so the taxpayer has been bilked. The reason the green energy company with the solar project went down was because they couldn't compete with China or some such thing I think??

Is this another bilking redux? Seriously. I am peeved a company took 500 million in stimulus money, touted by the administration, and the money is virtually gone and even the 700 million from investors is being doled out in the bankruptcy with those private investors coming before taxpayers but they are expecting minimal payouts.


Tell me this isn't another bilking of Americans. I swear we are merely pawns in a massive bilking mechanism anymore. 200K per job associated with the 800 billion stimulus plan... grrrrrrr.

Ouch! 

However.

The Energy Department said it provided a partial guarantee for a $344 million loan to San Mateo, Calif.-based SolarCity for the SolarStrong Project, which seeks to place solar panels on 160,000 homes across 124 military bases in 33 states.

Obama is guaranteeing this company will have buyers that can overpay when needed.

[FreeBorn]

 

http://www.reuters.com/article/2011/09/07/solyndra-idUSN1E7861BS20110907

[GOBUCKS]

Solar energy and wind energy, on a commercial scale with today's technology, are as realistic as believing that legislation can affect the earth's climate.
Purely bogus.

[JohnnyReb]

Solar energy and wind energy, on a commercial scale with today's technology, are as realistic as believing that legislation can affect the earth's climate.
Purely bogus.

Well, I'm getting my pony....Santa Claus is supposed to bring him.[DU/mode]

[jukin]

0 is a Stuttering Cluster**** Of A Miserable Failure (SCOAMF).  That is just the plain and simple truth.

On edit; a third grader could have both 0's sandwich and fruit cup in 2 minutes if they said they loved unions and looked at him hard.

This is the imbecile that is the SCOAMF of our country.

[NHSparky]

160,000 homes across 124 military bases in 33 states.

Translation--force military housing units to have it to inflate the numbers, because no sane civilian homeowner would put that shit up on their roof.

[md11hydmec]

I honestly looked at converting our house to solar.  After researching it, I found it wouldn't be practical.  If I could get it through the HOA, my house would be too big to handle it.(3500 sq.ft house, 3 zone hvac).  I would have to downsize and that isn't happening in this oconomy.  It would also take around 10 years to get back on the investment.  I'll stick with what works thanks.

[NHSparky]

10 years?  Lucky you.  It would take me on the order of 20-25 due to the larger panel requirements this far north.  By then the panels would have worn out.  Of course, that wouldn't have included any sort of storage system; just the panels, transfer switch, and inverter.

And it still wouldn't have heated the house in winter.

[NHSparky]

Oh, and for the record, DUmmies, I know some major utilities (cough **FPL** cough) who drank the Kool-Aid when it came to "green" energy, and they're getting it broken off in their asses because of it.

Well, actually, THEY aren't, but their investors sure as hell are.

[jukin]

10 years?  Lucky you.  It would take me on the order of 20-25 due to the larger panel requirements this far north.  By then the panels would have worn out.  Of course, that wouldn't have included any sort of storage system; just the panels, transfer switch, and inverter.

And it still wouldn't have heated the house in winter.

The neat thing about solar cells? They are only useful for about 15 years and never pay back even when the government steals money from people to do it.

[Erasmus]

"This is the largest domestic residential rooftop solar project in history," Energy Secretary Steven Chu said in a news release. "This groundbreaking project is expected to create hundreds of jobs for Americans and provide clean, renewable power to our military families."

Paid for by the Job Fairy, I suppose.  Government doesn't create jobs, DUmbass.

[Karin]

Steven Chu, another asswipe I want to see GONE.  He's a f%&*ing idiot.  Remember during the Gulf oil spill, Obama kept pointing at him, saying, "Look!  He's got a Nobel prize!  Look!"

Then, during the Lightbulb bill vote, he said "we just want to take away your choice to waste your own money."     

[DumbAss Tanker]

But Mr. President, these are magic beans...

 

DOD has had a program called 'Net Zero' rammed down it's neck which basically means they're going to be the forced customer for every stupid 'Green energy' gizmo Chu and company feel like blowing our tax money to buy, and then the garrison/installation/base commanders will all be the ones getting in trouble (Oh, excuse me, 'Held accou ntable') in a couple of years for 'not meeting targets/milestones' when the stupid crap comes up short of the advertising brochures or just plain fails.

[Wineslob]

The Energy Department said it provided a partial guarantee for a $344 million loan to San Mateo, Calif.-based SolarCity for the SolarStrong Project, which seeks to place solar panels on 160,000 homes across 124 military bases in 33 states.

*In other news, the owners of SolarCity for the SolarStrong Project have taken an un planned long term vacation in the Bahamas and cannot be reached for further comment.*

[GOBUCKS]

I honestly looked at converting our house to solar.  After researching it, I found it wouldn't be practical.  If I could get it through the HOA, my house would be too big to handle it.(3500 sq.ft house, 3 zone hvac).  I would have to downsize and that isn't happening in this oconomy.  It would also take around 10 years to get back on the investment.  I'll stick with what works thanks.

You seriously need to check your math. I've never heard of a solar payback in any amount of time, let alone ten years. Remember you have to replace the entire system every few years, and you have to buy real-world electricity to bridge the gaps caused by poor weather, AC usage, and solar system failure.

[Wineslob]

You seriously need to check your math. I've never heard of a solar payback in any amount of time, let alone ten years. Remember you have to replace the entire system every few years, and you have to buy real-world electricity to bridge the gaps caused by poor weather, AC usage, and solar system failure.

You are a tool! Solar is the future!     








 


Here is an article about the Comunity College near me. They spent 12+ million in Taxpayer funds for the stupid solar panels. The pay back? 30 years, and they have an orgasm over it.


Here is some truth, despite the local newspapers spewing the "THEY ARE OFF THE GRID YYYYYYYYAAAAAAAAAAAAAAAAAAAAAAAAAA!" crap.

, Butte College cemented its leadership in use of solar power by unveiling three new solar projects which will help the college achieve its goal of becoming a carbon neutral campus by 2015. With its newest sets of energy-capturing panels, 44 percent of the campus will be powered through solar energy

Guess what dumbasses, they aren't.

The financing for the project was made possible by Bank of America, through its 10-year, $20 billion environmental initiative to address climate change.

The monster in the closet. None of this "greenie" garbage would ever happen without the hysterics of "Climate Change" and outside funding. Why is that? Oh, it costs too much and the payback is shit. (10 plus years, maybe, if ever)

Typical Libtards, use OTHER peoples money for shit people don't want.

http://www.buttefoundation.org/s/94/index.aspx?sid=94&gid=1&pgid=277&cid=893&ecid=893&crid=0&calpgid=61&calcid=819

The new 15,000 solar panels will be placed atop rooftops and will create covered parking areas and walkways, in addition to being mounted on the ground.  The total funding for the project is $17 million, which $12.65 million is made possible by federal Clean Renewable Energy Bonds (CREBS) which are low-interest loans that can be used for clean energy projects. The remainder, up to $4.35 million, will be funded by college.

According to Miller, the funding to pay for all of the solar projects, is the funding budgeted annually to purchase electricity from the grid, and for Phase III, almost $1 million in rebates from PG&E, the California Solar Initiative, and benefits from the American Recovery and Reinvestment Act/CREBS allocations.

Yup, taxpayers paying for something that only benefits a SMALL campus. Shitheads.

http://www.prnewswire.com/news-releases/butte-college-set-to-become-first-grid-positive-college-in-the-us-99934639.html



How, exactly, did this "benefit" the American public?



I know I harp on this subject, but it really sticks in my craw. We have high unemployment in this county and the only people these projects benefit are Union workers who were NOT out of a job.

[JohnnyReb]

Hey wineslob, has anyone firgured out how much coal/oil/electricity is used in the manufature/tranportation/installation of all thiose solar panels? I bet when you add all that into the equation, there is no savings or carbon reduction benefit.

[GOBUCKS]

As always, "green" in this context is a synonym for "bogus".
These are people who would plan for a manned landing on the sun, scheduled to occur after dark.

[Wineslob]

Hey wineslob, has anyone firgured out how much coal/oil/electricity is used in the manufature/tranportation/installation of all thiose solar panels? I bet when you add all that into the equation, there is no savings or carbon reduction benefit.

My guess, they will not look at that. Plus the whole "we removed blah, blah, blah from the ecosystem" is pure bullshit.
I would dare them to substantiate the claim as to how they prevent/reduce "green house gasses" without taking the offending cars/machinery/whatnot out of the ecosystem.

They never seem to answer........

[Erasmus]

10 years?  Lucky you.  It would take me on the order of 20-25 due to the larger panel requirements this far north.  By then the panels would have worn out.  Of course, that wouldn't have included any sort of storage system; just the panels, transfer switch, and inverter.

And it still wouldn't have heated the house in winter.

I'm in Texas and the extra energy required to cool my house offsets any gain in additional hours of sunlight.  It's 25 years for me, too, IF the solar panels and related equipment require no maintenance, which they CERTAINLY will during that time.

I'm not opposed to alternative energy because it's something liberals support.  I'm opposed to alternative energy because at this time, it's simply not @#%!ing practical as an investment.

[JohnnyReb]

I'm in Texas and the extra energy required to cool my house offsets any gain in additional hours of sunlight.  It's 25 years for me, too, IF the solar panels and related equipment require no maintenance, which they CERTAINLY will during that time.

I'm not opposed to alternative energy because it's something liberals support.  I'm opposed to alternative energy because at this time, it's simply not @#%!ing practical as an investment.

Isn't that the bottom line of all liberal endeavors? Government and private.

[delilahmused]

So how many solar plants will have to go belly up before they realize it's a gross waste of tax dollars? Why do I keep thinking "how many czsars does it take to screw in a lightbulb"?

Cindie