Reply to Mayor Bowser's Threat to Solar Renewable Energy Credits (SRECs)

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Reply to "Mayor Bowser's Threat to Solar Renewable Energy Credits (SRECs)"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I'm not seeing the problem here. Solar paneled people needed to think about the long term and understand there was no way the US or DC was going to be able to implement this long term. We just don't have the infrastructure and moreover, there is a looming recession so logically the city's needs come before a few dozen people. [/quote]

Huh?  People made very substantial long term investments, the economics of which only work because of these credits.  Credits which do not cost the City [b]or its taxpayers anything[/b].

If the proposal was to eliminate the solar % mandate then you might have a point.  But that is not the proposal.  All the indirect costs of the locally produced energy mandate remain.  She's just screwing over the people that relied on the law.[/quote]

This is not true. The SRECS always transferred the cost of installing solar panels from the UMC/UC to the MC/poor who can’t afford them by inflating the cost of electricity for everyone else. This was always politically unsustainable, and why CA is backing off credits, as well.

[/quote]

Yes and no.

The renewable energy mandate does increase everyone's costs however rooftop solar is the mechanism to then reduce that increase.  It's an overly convulated two-step.

Bowser was proposing to refuse to pay the decrease because it gives her an accounting gimmick that for budgetary purposes shows up as revenue even though it costs more.

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