4.9 • 720 Ratings
🗓️ 22 January 2024
⏱️ 16 minutes
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0:00.0 | Ain't no sunshine when she's gone. |
0:03.0 | The subsidies I'm talking about. |
0:05.0 | I'm Scott Ott with Bill Whittle and Stephen Green. |
0:07.0 | And this episode of Right Angles brought to you by the members at Bill Whittle.com. |
0:10.0 | And gentlemen, California changed the rules back in April of 2023 to cut back on the subsidy that they provide. |
0:19.0 | Basically, the price they set for people who have solar |
0:23.9 | panels to sell power back to the electricity grid. And so they had at that time, basically, |
0:30.7 | they were giving homeowners who had solar panels the retail price per kilowatt hour of electricity |
0:37.2 | to sell it back to the grid. |
0:39.4 | And what they discovered, Stephen Green, was that this was benefiting primarily wealthy people |
0:45.4 | because those were the people who were installing solar panels. |
0:49.6 | And so they decided to change the rules back in April and cut that subsidy. |
0:54.8 | And by golly, Steve, new solar panel installations fell off a cliff. |
1:01.4 | In some months last year, it plunged 83% compared to the previous year. |
1:06.3 | This year, they project that new solar panel installations in California are going to be down 40% compared |
1:12.7 | to the previous year because they're not pumping these extra incentives in for people |
1:20.3 | to install solar panels. |
1:21.5 | And by the way, what they're saying is it's not just that they want to hurt the rich, |
1:24.5 | it's just that now since the rich people who had solar panels were getting this retail price for selling power back to the grid, poor people had rates go |
1:33.9 | up so that they could pay for the maintenance of the power grid. And so basically the poor |
1:38.4 | people were supporting the richer people in maintaining the grid. So Steve, California has been leading the way, and many states have copied California's |
1:49.7 | example over the years in how to handle fostering more solar energy because they see that |
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