Sunday, October 12, 2008

Proposition 10

We have some information on another proposition relating to solar energy and the environment. Last time it was Prop 7. This time, we're focusing on California Proposition 10, also known as Big Solar.

The purpose is to get Californians to be more energy efficient. The plan is to use $5 billion in bonds paid from state’s General Fund.

Here's how the money will be split up:
  • 58% in cash payments of between $2,000 and $50,000 to purchasers of certain high fuel economy and alternative fuel vehicles
  • 20% in incentives for research, development and production of renewable energy technology
  • 11% in incentives for research and development of alternative fuel vehicle technology
  • 5% in incentives for purchase of renewable energy technology
  • 4% in grants to eight cities for education about these technologies
  • 3% in grants to colleges to train students in these technologies.

The bottom line is...

Good? Bad? You decide.

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