The cost of renewables drops again

[bholler]

Your questions runs the full gamut of business. From the little one man real estate office to a huge pharm operation. I would hate to rely on start ups for economic growth alone. The tax laws allow for recovery of capital for reinvestment promoting economic growth from all.

Sounds as though you would prefer a whole new Corp. tax system.

Here is an example that will really give you worms. Say your company has a customer that goes bankrupt. That company sticks you for $ 150k. The US gov't will reimburse your taxes going back 7 years. Why? The US Gov't considers Corp taxes a loan. My personal experience here is getting taxes back with a 70k loss in 1969 and a 95k loss in 1993. A corporation is also allowed the defer taxes with losses carrying forward. Those reimbursements allowed us to continue and start contributing back to the economy. My company is just one small example, I would bet it is one of tens of thousands.

Deducting losses or capital reinvestment from your taxes is in no way a subsidy or even a tax break at all. That is just accounting at it's most simple. You take the money coming in and subtract the expenses going out. Now yes obviously it gets more complicated because you can spread those losses out over time etc but it is still the same basic concept.

And no I am not saying we should rely on startups alone for growth. Clearly most of the growth will come from existing buisnesses. But the fact is without new buisnesses our economy would not survive.

 

[Seasoned Oak]

Iv just read that renewables recently passed out coal at 23% where coal is about 20%. Sounds promising if true.

 

[begreen]

And no I am not saying we should rely on startups alone for growth. Clearly most of the growth will come from existing buisnesses. But the fact is without new businesses our economy would not survive.

History is full of disruptors and businesses that changed the course of economies. This is the essence of the industrial revolution and modern times too.

 

[bholler]

History is full of disruptors and businesses that changed the course of economies. This is the essence of the industrial revolution and modern times too.

Agreed.

 

[HitzerHillbilly]

I’m curious as to where the power will come from if demand isn’t reduced....the utility I work for is closing all its plants. They say by 2023 we will no longer by running coal fired plants, and shifting to renewable energy. Mainly wind farms. Our largest plant is capable of producing about 1765 Megawatts when all coal units are running. That being said we plan on building 3 wind farms in the near future. All 3 of those farms will only produce about 25% of what the coal fired plant is capable of.
Another company also benefits from the coal plants because of the gypsum that is produce there, they then take that and make drywall. That will all go away also when the plant closes.
I’m all for renewable resources, but the demand and lack of capabilities to produce like fossil fuels has me worried.
Those numbers I gave are just for one of our plants. At one time we had four up and running. Now we are down to two.

 

[SpaceBus]

I’m curious as to where the power will come from if demand isn’t reduced....the utility I work for is closing all its plants. They say by 2023 we will no longer by running coal fired plants, and shifting to renewable energy. Mainly wind farms. Our largest plant is capable of producing about 1765 Megawatts when all coal units are running. That being said we plan on building 3 wind farms in the near future. All 3 of those farms will only produce about 25% of what the coal fired plant is capable of.
Another company also benefits from the coal plants because of the gypsum that is produce there, they then take that and make drywall. That will all go away also when the plant closes.
I’m all for renewable resources, but the demand and lack of capabilities to produce like fossil fuels has me worried.
Those numbers I gave are just for one of our plants. At one time we had four up and running. Now we are down to two.

Industries come and go, something will replace both.

 

[HitzerHillbilly]

Industries come and go, something will replace both.

Yeah, I like that! Let’s kick our feet up, grab a drink, and watch it happen [emoji6]. Not much we can do to control it.


Sent from my iPhone using Tapatalk

 

[SpaceBus]

Yeah, I like that! Let’s kick our feet up, grab a drink, and watch it happen [emoji6]. Not much we can do to control it.


Sent from my iPhone using Tapatalk

Honestly, you are on the right track. I do the best I can in my own life, not much else to do.

 

[Seasoned Oak]

I’m curious as to where the power will come from if demand isn’t reduced....the utility I work for is closing all its plants. .

Especially with the advent of electric cars. A big shift in powering transportation from liquid fuel to Kw will create an ever increasing demand for electric but may even out demand and solve that problem anyway.

 

[peakbagger]

Generating the power is not the problem, its trying to match the power generation to the demand. Texas and Hawaii have been the guinea pigs for high renewable penetration and are figuring it out. There are terrawatts of geothermal generation available around the Yellowstone basin and bleeding the heat from underground in a controlled manner is probably a very good thing. The technology is already proven and in use elsewhere its just a matter of building it. Put in a true region to region power transmission system and that resource can supply multiple states with baseload power. Offshore wind can supply the east coast with the right investments.

 

[Seasoned Oak]

There are terrawatts of geothermal generation available around the Yellowstone basin and bleeding the heat from underground in a controlled manner is probably a very good thing. The technology is already proven and in use elsewhere its .

I was thinking the same thing while watching a special about yellowstone blowing its top sometime soon. Why not bleed off that heat slowly and use it
to generate power. Although poking a sleeping giant like that may be a hazard of its own. Could trigger a premature evacuation.

 

[HitzerHillbilly]

I was thinking the same thing while watching a special about yellowstone blowing its top sometime soon. Why not bleed off that heat slowly and use it
to generate power. Although poking a sleeping giant like that may be a hazard of its own. Could trigger a premature evacuation.

Lol! Just reach on down there and tap that thing hahahahaha! [emoji3544][emoji187][emoji936][emoji291]

 

[Where2]

Yeah, I like that! Let’s kick our feet up, grab a drink, and watch it happen...

This is what I've been doing since I installed my PV array in 2013. I grab some liquid sunshine (orange juice), and watch the sun come up every morning... After the sun comes up, the magic starts happening, every day!

My father, who originally trained in electronics back when vacuum tube radios and TV's were the norm, certainly didn't stick with tube technology when better technologies came along as he aged. Despite retiring from the daily rat race in 1993, my father was sitting beside me taking "Intro to Solar Energy" at the local community college in 2010 when I decided to take it to learn about the current technology. When we finished the semester class, we both marveled that so few people seemed to be utilizing PV technology to power their houses. In 2013, when I installed my PV system, dad was on my second floor roof with me installing the 102 brackets that mount the array rails to my roof. When panel prices dipped below $1/W in 2013, it seemed ludicrous to keep paying a fortune each month to the executives at the local power company who were content to sit at their desks, grab a drink, and watch the lemmings pay their salaries... In the years since, those executives have authorized thousands of acres of PV arrays to be constructed. Those commercial arrays feed into the grid, and customers continue to pay the salaries of the executive middlemen who sit with their feet up, a drink in hand and a on their faces.

If your employer has gone from 4 fossil fuel plants to 2, and is planning on installing 3 new wind farms, you might look into some new training. I watched the last "hand drafter" get a pink slip not too long after the company I used to work for hired some young kid fresh out of college who knew Autocad... That former "kid" is now middle aged, and took a class in Revit this past spring.

 

[HitzerHillbilly]

This is what I've been doing since I installed my PV array in 2013. I grab some liquid sunshine (orange juice), and watch the sun come up every morning... After the sun comes up, the magic starts happening, every day!

If your employer has gone from 4 fossil fuel plants to 2, and is planning on installing 3 new wind farms, you might look into some new training. I watched the last "hand drafter" get a pink slip not too long after the company I used to work for hired some young kid fresh out of college who knew Autocad... That former "kid" is now middle aged, and took a class in Revit this past spring.

I build the infrastructure, I don’t work at the plant itself. I’ve done work as a lineman for about 12 years, pushing jobs and running crews. Upgrading our lines. Now I’m learning about building substations. [emoji6] expanding my knowledge and qualifications in the electric industry!

 

[begreen]

Progress in LA where solar + battery backup has become cheaper than natural gas for power. The sad thing is we might have been here 20 yrs. ago if not for the deep pockets and lobbying power of the fossil fuel industry.
https://www.sciencemag.org/news/2019/07/giant-batteries-and-cheap-solar-power-are-shoving-fossil-fuels-grid

 

[Seasoned Oak]

Shows Capitalism works very well as long as politicians are not subsidizing their friends along the way. Picking winner and losers.

 

[begreen]

earplugs would be cheaper