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=jsteele][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.

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Basically. SRECs are UMC welfare, which is why the posts about their potential demise are so animated. [/quote]

Hardly welfare. You have to make a significant investment to earn them. We made that investment based on expectations that the Mayor wants to change unilaterally. Her changes don't save ratepayers money. To the contrary, the changes would cost them more.

Whether or not SRECs are good or bad is really not relevant for this discussion. SRECs exist because of the renewable energy mandate and the Mayor didn't propose getting rid of that. She is simply replacing SRECs with ratepayer subsidies for the District's electric bill. Some of you seem happy to see a few of us get screwed over. But the joke is on you as well. If you are a District resident, your electrical bill would up if the Mayor gets her way. Meanwhile, those of us will solar will still get our renewable energy for free. 
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