More Wasteful Spending on Solar Energy

The Nevada Journal has reported yet another example of wasteful spending on green energy: A Canadian company will receive up to $50 million in federal stimulus dollars for a Nevada solar plant — even though the plant will employ only two people! The article highlights some other striking statistics:

• According to the Department of Energy’s own estimates, the section 1603 energy payment program, part of the President’s stimulus package, created only 5,500 permanent full-time jobs nationwide despite spending nearly $10 billion—meaning that that each job cost taxpayers about $2 million!
  
• Energy from the solar plant will cost ratepayers nearly three times more than energy from natural gas. (This is thanks to mandates from the state government; it enacted a Renewable Portfolio Standard of 25 percent “green” energy by 2025.)