Fox: The President visited DeSoto Next Generation Solar Energy center, billed as the largest solar photovoltaic center in the country. The company's 90,500 solar panels are able to generate about 42,000 megawatt hours each year, but the project cost $150 million to build and only provides power to 3000 homes, prompting critics to say the administration doesn't have an overall energy strategy.
In remarks after a tour of the plant, the President blasted his opponents on energy reform, saying, "The closer we get to this new energy future, the harder the opposition's going to fight. The more we're going to hear from special interests and lobbyists in Washington whose interests are contrary to the interests of the American people, " Obama said.
Normally people pay about $0.15 /kW-hr on their bill. The company would have to charge customers at least $0.80 /kW-hr for this plant in order not to go under.
People want to think solar and wind are free because there is no fuel, but the capital costs are so high and you don't have much control over when you can use it.
You also have yearly maintenance costs, plus just the cost of financing the $150 million, which will be at least $10 million /yr.
Politicians live in dreamland and want people to think that it is free.
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