Alternative sources of energy require large sources of capital outlay. In the
long run, cost will go down as technology and efficiencies improve. The
problem, for local governments or self enterprisers is having sufficient
venture capital to start such a worthy project. It would seem the quickest way
to fund the project would be through bonding. However, 10 to 20 years or
longer, is to long time for most voters to wait for lower taxes. So in the
short run, taxes would go up (if funded publicly). How would this project be
funded without grants or new revenues (taxes)?
Actually, most do less with less.
Greg Reinhardt
Excelsior
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