Wednesday, 25 June 2014

The US DOE Providing Subsidies to Investors for Promoting Renewable Energy Systems

The US DOE has been constantly favoring renewable energy systems and that is evident from the huge amount requested by it for funding such programs. If we analyze the funding figures as requested by the DOE for renewable programs, we can easily make out the real intent of DOE. As per reports, in the FY2013, DOE requested $270 million for Biomass and Bio-refinery Systems, $310 million for Solar Energy Technologies Program while $95 million was requested for the Wind Energy Program.

Besides the million dollar expenditures as mentioned above, billions of our tax dollars are being spent for the purpose of subsidizing the renewables. Subsidies are being made available to investors in the form of government guaranteed loans while tax incentives are being provided for purchase & installation of solar and wind farms. Our tax dollars are being gifted to these investors for promoting the renewable energy based system of electricity production.

Its also reported that several wind turbines are being purchased from other countries for installation in the US. A big question is about the feasibility of such large scale implementation of the renewable energy systems. Wind, solar energy are not the most efficient in terms of providing the electric energy meeting our requirements. The DOE will need to learn this fact very soon to avoid wasting the taxpayer's money.

You can get a detailed description about all this in the alternative energy book "Renewable Energy: A Common Sense Energy Plan". Written by Brad Linscott, this solar energy book makes the common men aware about the ineffectiveness of the current energy policies of the DOE. You can get this book from Amazon.

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