We just spent close to 1 trillion dollars for round 2 of trying to get us out of this mess. I have no idea what 'tangible' outcome will result in this stimulus, but I think I found a better way to spend 1 trillion.
If there are 100 million homes in the US..take 1/2. Thats 50 million.
If it costs on average, to covert a house to solar energy for ELECTRIC only, $15,000 ( not sure of exact numbers, but I think for this conversion its pretty close).
The Govt. can offer a home owner 2 options. Fully subsidizing conversion where the home owner receives 'free' electric, buy any surplus goes back to the Govt.
Second option is, the homeowner pays 1/2 the cost, gets the conversion done and starts reaping the benefits of selling back surplus.
Both options still have the homeowner getting the electric for free.
Other conversions on the home can also be done. Swapping out gas the heat for a new 'ceramic' heating element powered by electric. New effecient windows can replace older, wooden ones. All at govt cost or the owner paying 1/2.
The math of 50 million x 15,000 is 750 billion. You now have 250 billion to start infrastructre, where lets say, the car assembly lines can be replaced with making solar panels and components. New electric cars can be made. If you only convert 25 million homes, then you have 500 billion for infrastructure.
The construction sector would now get a boost as these workers are now part of the conversion project efforts.
New grid upgrades, holding stations, etc. would need to be worked on, making more work. Also, R and D on solar panels would make them more effcient, smaller, etc.
Big oil would either have to buy in or not ( yes, HUGE lobby that the PEOPLE would have to fight). If they don't, then gas/oil consumption would start to decrease. BUT, since there would be more supply than demand, refineries would have to invest in ways to make money on different fuel types. Diesel and jet fuel costs, based on more supply than demand, would go down. Transportation costs would go down, and then the cost of goods would go down ( yeah, I know this one never works since I have not seen the cost of milk or other goods go down when the oil prices fell, but hey, I can dream).
Best thing is, the home owner would be saving on their electric bill, and can use that money to pay bills, mortgages, go on vacation, buy things.
The govt can begin to use the excess energy to first cut costs on govt buildings, other homes that are not fortunate to be able to use solar, etc.
Also, once the nation becomes a big solar panel, we could then sell energy to other countries.
I just cannot imagine that big ole Sun being under utilized in this day and age.
I know there are lots of holes in this one so help me out.
Why can't this be done ? I think we NEED to really step up to the plate on alternate energy sources and use money for projects like this instead of feeding the sharks.