NY’s costly pursuit of ‘green energy’ will chase away residents, businesses
New York State is paying 11 large wind and solar projects two times more in subsidies than the projects will generate in electricity.
State officials are giving these projects $24.24 per megawatt-hour over the next 20 years. Wind will receive another $23 per megawatt-hour in federal tax credits. The average electric selling price over that time period is estimated to be $16.25 per megawatt-hour.
Cuomo will continue to follow the Paris Accord at the expense of the New York residents. Following this logic will lead to continued population decline in New York State as residents and business move to states which have greater economic viability.