Monday, May 14, 2012

Canadian firm will receive up to 50 million stimulus dollars for NV solar plant with two employees

Energy generated will cost ratepayers almost
three times as much as energy from natural gas

LAS VEGAS — The company behind the recently opened Silver State North solar plant is eligible to receive up to $50 million in federal tax credits under the Obama administration’s “stimulus” legislation, even though the plant created only two full-time jobs.

As of March 2012, over 34,000 renewable-energy projects across the country have received $11.2 billion in taxpayer funds through the ARRA-funded program. In Nevada, 108 projects have received $147.1 million.

The Department of Energy estimates 5,500 full-time jobs were created by the program, meaning each job cost taxpayers approximately $2,036,363.

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