Jun 9, 2011 – The New York Times reports today that the US lags Europe in green energy initiatives. Government incentives cover most of the cost of insulating older homes in England. Nearly 80% of the homes have already been brought up to current standards. But not in the US. “Many European countries — along with China, Japan and South Korea — have pushed commercial development of carbon-reducing technologies with a robust policy mix of direct government investment, tax breaks, loans, regulation and laws that cap or tax emissions.” But there are bout 120 million homes in the US that have not. ”
President Obama has vowed a switch to cleaner energy, and some states, like California, have taken aggressive measures. But the current patchwork of government inducements remains generally insufficient as a draw for American companies and investors to jump into new fields like wind power, energy-efficient appliances or even mass-market insulation, because upfront costs are large and profits uncertain.” Personally, in Florida the incentive initiative has been a disaster. A small amount of money was provided, but homeowners had to first make the investment and then apply for the government money that ran out within days leaving late filers with no rebate!
As we have said before, the biggest payback in green energy is conservation from less use, rather than new development of alternative energy sources.
Please leave your comments here. What incentives have been provided in your city or state? How effective have they been? Have you made use of them?