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Among the results: The state is viewed as “a very good market because of all the incentives, but an absolute nightmare to operate in,” an Illinois solar installer was quoted as saying.
Summary and audio linked here.
Chicago’s political leadership is floating a pension buyout program as evidence it is seriously addressing the city’s thirty-six-billion-dollar unfunded pension liability, but Mark Glennon, founder of the Illinois policy research organization Wirepoints, said that the proposal moves debt from one column to another rather than reducing it, and that the broader fiscal picture facing the city continues to deteriorate across every measurable dimension. Audio here.
Expect no retraction or apology. This what they do.
The state’s existing buyout program for its own pensions is the precedent for Chicago, which should be a warning: Look out for similar exaggerated claims and shoddy analysis.
Full interview and summary linked here.
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Here’s the downside. What happens and how much does it cost if there is a hailstorm and the roof is damaged? You need someone to take off the solar panels to fix the roof. I don’t think the roofers are allowed to do that and now the cost is much higher driving up insurance costs later for all of us..
The red tape here is a good thing. The “incentives” here are mainly subsidies paid by customers of private utility companies like ComEd. These customers unwittingly paid over $billion into various funds that the state manages. These are then distributed as Renewable Energy Credits or Zero Emissions or Carbon Mitigation Credits, the latter two were created to subsidies nuclear power plants that were threatening to shutdown due to economics. Lastly, CO2 gets overly demonized. It is colorless, odorless, non toxic, inert and humans consume it and plant life thrive on it. It is a greenhouse gas, but it’s warming effect… Read more »