CPAC Panel: End The Subsidies For Solar, They ‘Only Help The Rich’


By Andrew Follett

Members of the Conservative Political Action Conference panel “Energy Rationing: The Tragic, Unintended Consequences” argued energy subsidies tend to make products only slightly cheaper and redistribute cash from poor taxpayers to the rich.

“There’s rampant fraud in net metering,” Steve Pociask, president of the American Consumer Institute’s research center, said during the panel. “We’re using tax dollars to subsidize rich people. A California study demonstrated that people who own solar panels on their roofs are 68 percent more wealthy than those who don’t.”

Richer people are naturally better able to afford solar panels as they have more disposable income. Yet the subsidies are typically paid for by taxes on all sections of society or by raising the price of power for everyone.

“The people with solar panels on their roofs make a lot more money than I do,” Dr. Randy Simmons, an economics professor at Utah State University, said during the panel. “They’re selling electricity back to the utility at a price they have to re-sell it for. It is a screwy system.”

Most solar subsidies go to residential installations payments called net metering or a 30 percent federal tax credit. Previously, solar subsidies were so lucrative that solar-leasing companies installed rooftop systems, which run at minimum $10,000, at no upfront cost to the consumer. This naturally favors relatively wealthy consumers.

“Poor people are spending more than 30 percent of their income on energy,” Pociask said. “Rich people are spending 3 percent. When you raise the price of energy, you should ask yourself who that hurts the most…it is incentivizing people who have more money.”

Solar subsidies also naturally hurt the poor most because they tend to spend a higher proportion of their incomes on basic needs like energy. As essential goods like electricity become more expensive, the cost of producing goods and services that use electricity increases, effectively raising the price of almost everything. Policies like net metering hurt the poor 1.4 to four times more than the rich, according to a study by the National Bureau of Economic Research.

Solar and wind power get 326 and 69 times more in subsidies than coal, oil, and natural gas, according to 2013 Department of Energy data collected by Forbes. Green energy in the U.S. received $13 billion in subsidies during 2013, compared to $3.4 billion in subsidies for conventional sources of energy and $1.7 billion in subsidies for nuclear, according to data from the Energy Information Administration.

Researchers found that expanding net metering or maintaining it for long periods of time will drive up power prices. Without government support, solar energy is non-viable, according to a 2015 study by the Massachusetts Institute of Technology.

Even proponents of solar power and net metering recognize their reliance on subsidies. Without high net metering payments, rooftop solar “makes no financial sense for a consumer,” Lyndon Rive, CEO of SolarCity, told The New York Times last February.

Follow Andrew on Twitter
Send tips to
Copyright 2017 Daily Caller News Foundation
Content created by The Daily Caller News Foundation is available without charge to any eligible news publisher that can provide a large audience. For licensing opportunities of our original content, please contact



Related posts


online slots real money July 1, 2020 at 5:30 am

real money casino

parx casino online

generic viagra canada July 2, 2020 at 9:02 pm

online viagra prescription

viagra online canada

slot games online July 5, 2020 at 10:50 am

real casino online

online casinos real money

online casino real money us July 7, 2020 at 12:54 pm

live casino slots online

casino slots gambling

cialis price July 9, 2020 at 8:19 pm

buy cialis pills

cialis pills

quick cash loans July 11, 2020 at 6:33 pm

payday loans online

quick cash loans

cash payday July 14, 2020 at 11:43 pm

pay day loans

cash advance

loans for bad credit July 18, 2020 at 2:33 am

cash advance online

loan online

viagra prescription July 21, 2020 at 4:05 am

viagra pills

viagra pills

generic for cialis July 23, 2020 at 6:30 pm

cialis 5 mg

cialis 20

cialis generic July 26, 2020 at 6:15 pm

generic for cialis

cialis to buy

generic for cialis July 28, 2020 at 1:44 am

20 cialis

20 cialis

cialis buy July 30, 2020 at 2:49 pm

generic for cialis

cialis 5 mg

generic for cialis August 1, 2020 at 11:28 pm

cialis 5 mg

cialis 5 mg

20 cialis August 4, 2020 at 11:38 pm

cialis 20

cialis generic

viagra 100mg August 8, 2020 at 2:06 am

buy generic viagra

cheapest viagra

online casino games real money August 10, 2020 at 4:04 pm

online casino real money usa

casino gambling

casino games August 11, 2020 at 5:30 am

online slots

online casino gambling

online casinos August 15, 2020 at 6:49 am

online casino

real money online casino

online slots for real money August 19, 2020 at 3:26 am

real online casino

real casino online

viagra pills August 21, 2020 at 10:07 pm

viagra viagra

online viagra prescription

sildenafil 100mg August 24, 2020 at 9:07 pm

viagra online generic

buy viagra online cheap

generic name for viagra August 27, 2020 at 2:29 pm

cheap viagra online

buy viagra

tadalafil 20mg August 30, 2020 at 9:50 pm

cialis reviews

cialis 5 mg

cialis prices September 3, 2020 at 12:05 pm

tadalafil 10 mg

cialis coupon

buy cialis generic online September 5, 2020 at 3:30 pm

cheap cialis

tadalafil online canadian pharmacy

generic cialis tadalafil 20 mg from india September 10, 2020 at 9:15 pm

cialis reviews

generic cialis 20mg

play casino September 13, 2020 at 1:22 am

casino slot games

gambling casino

gambling games September 16, 2020 at 1:18 pm

free slots

online casinos usa

Viagra overnight November 12, 2020 at 7:05 pm

Viagra original pfizer order

Canadian pharmacy viagra legal

Leave a Comment