Another Solar Fail

Solargenix Energy - Formerly Duke Solar Energy - The Natural Power For Good

Here’s another example of how government cronyism causes tax-payers to lose money on solar power scams. From Chicago, the home of government corruption we get this new fail. This time, for a change, it’s solar hot water heating systems made by a company called Solargenix Energy LLC.

In March 2004, then-Mayor Richard M. Daley announced a deal that promised to save taxpayer money, reduce natural gas consumption and bring “green” jobs to Chicago.

But taxpayers might see red when they learn how the deal turned out. More than seven years later, the initiative has been quietly suspended amid problems with some of the equipment — and acknowledgements by city officials that taxpayers will probably lose money on the deal and never realize the energy savings that Daley touted, the Better Government Association has learned.

So where’s the cronyism? Right here.

In the end, the BGA found that one of the few beneficiaries of the deal appears to be a businessman with close ties to Daley: United Service Cos. President and CEO Rick Simon, the former chairman of the Chicago Convention & Tourism Bureau and a South Loop neighbor of the ex-mayor.

Seems those solar panels didn’t work properly and now that they’re fixed, the cost to install them exceeds the cost of continuing to use natural gas to heat the water. Regardless of what type of solar it’s a theme that we seem to see more of such as the boondoggle solar installation in Yosemite, which may never really pay off financially.

We’ve seen government cronyism involved with Evergreen, Solyndra, Sun Power, Tonopah Star and now in Chicago. We wonder how many billions will be wasted before someone finally gets a clue that solar has a long way to go and that the government should keep their nose out of it.

If it’s so effing great, the free-market will invest! If it sucks, they won’t. A pure and simple way to save the tax-payers billions of dollars better spent elsewhere and possibly some day get solar that actually works and is cost efficient.

Source: Chicago Sun Times

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2 Comments

Filed under Climate Alarmism, Climate Change, Climate Disruption, Co2 Insanity, Editor, Financial, Global Warming, Government, Green Energy, Green Tech, Renewable Energy, Solar, Solargate, Solyndra

2 responses to “Another Solar Fail

  1. Russell McMahon

    PV solar is not yet grid energy competitive.

    But, done sensibly, residential solar thermal is easy enough [tm] to cost justify – enough so that it’s done by private industry here (in NZ). Subsidies are available but an off the shelf solar thermal water heating system will provide a net positive rate return relative to grid electricity.

    Chicago would not be the best place to try this. But average daily insolation month by month in kWh/m^2 or sunshine hours per day or energy units per metre^2 (= kWh/m^2) is (Jan – Dec)
    1.73 2.56 3.61 4.60 5.38 6.00 6.04 5.25 4.29 2.94 1.77 1.50
    From wonderful Gaisma site
    http://www.gaisma.com/en/location/chicago-illinois.html

    If you can utilise say half that and if you pay $US0.20/unit for energy then annul energy value is about 3.8 annual daily average x 365 days x $0.20 =~~ $275 pa per square metre of panels. Assume you need a linear 5 year payback time to make a longer DCF analysis valid then cost per square metre of panel installed and plumbed can be 5years x $275 =~ $US1350.

    That is, if you can supply and install solar domestic solar thermal heating in Chicago for $1377 per square metre then you will save money using the assumptions listed. Adjust assumptions as desired. That’s an extremely doable price, provided you are not dealing wit crooks or incompetents.

  2. Roget

    I saw this story (the failed solar heated water project of Chicago) a while ago. I stumbled across your report while trying to find it again. I’d like to know your source. Thanks.

    P.S. You might find this article re. 14,000 abandoned wind turbines interesting:
    http://blogs.dailymail.com/donsurber/archives/46519