Report: Clinton’s Solar Plan Would Cost Taxpayers $62 Billion

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Free Beacon:

Hillary Clinton’s solar plan would add more than $60 billion in new subsidies, according to a report released by the American Action Forum.

 

The Democratic presidential nominee is promising to expand the amount of solar panels to generate 140 gigawatts by 2020, an increase of 700 percent.

 

The plan would require 10 times more subsidies than are provided today, at an estimated cost of $62 billion.

 

“Secretary Clinton has made a bold promise to install ‘half a billion’ new solar panels in her first term, increase total solar power capacity to 140 Gigawatts (GW), extend renewable energy subsidies, and create new incentives for renewable energy investment,” said the American Action Forum, a center-right policy institute, in a new report released Friday. “Such a policy will be un-abashedly pro-solar, even if it comes at the expense of other clean energy sources.”

“On the topic of expense, promising to both extend subsidies and reach 140 GW of solar power has the potential to increase subsidy costs between $27.5 and $62 billion,” the group said. “This amount alone does not even address the enormous gap between her goal, and the projected demand for solar. The end result of such a policy will be massive government spending that does not succeed in efficiently achieving energy or environmental policy goals.”

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Solar Generated Less Than 1% of U.S. Electricity in First Half of 2016

 

(CNSNews.com) – Solar energy accounted for less than one percent of the total electricity generated in the U.S. during the first six months of 2016, according to the U.S. Energy Information Administration’s (EIA) latest Monthly Energy Review.

 

Table 7.2a of the report shows that the U.S. generated a total of 1,951,350 million kilowatthours (kWh) of electricity from January through June of this year. But solar-generated electricity made up only a small fraction of the total.

 

Natural gas accounted for the most electricity generated (655,490 million kWh), followed by coal (549,441 million kWh), nuclear (400,425 million kWh), conventional hydroelectric power (151,064 million kWh), wind (116,220 million kWh), and wood (19,712 million kWh).

 

http://cnsnews.com/news/article/barbara-hollingsworth/solar-power-accounted-less-1-electricity-generated-during-first-6