Commentary

Hugh McColl: Another prominent voice for solar

Solar powerThe momentum to reject the General Assembly’s misguided effort to torpedo North Carolina’s solar power boom continues to build. Today’s edition of Raleigh’s News & Observer features the latest broadside against the sabotage effort — an op-ed by, of all people, former Bank of America Hugh McColl.

As McColl rightfully point out in “How solar could make NC the next silicon valley”:

“Critics of solar do not understand that it is here to stay. In the last decade, business and innovation have cut the cost of solar power by more than half. Solar is now close to competing with conventional sources of energy such as natural gas, coal and nuclear. Solar in North Carolina costs our utilities 6 to 7 cents a kilowatt-hour and continues to fall. Compare that with the average retail price of about 11 cents a kilowatt-hour.

New growth industries drive job creation and economic diversification. North Carolina’s renewable energy policies and tax credits have created more than 23,000 jobs and $3 billion investment. Our universities are helping to drive innovation in solar, and the industry improves North Carolina’s brand and ability to compete for talent globally. In fact, one of our homegrown solar companies, Strata Solar, was recently named as one of the top 10 solar companies in the world.

Solar is here to stay. The question is, will it stay in North Carolina? Our state has the opportunity to compete and be a leader in this 21st century industry. All our legislature has to do is maintain our renewable energy policies and phase down the tax credit responsibly rather than ending it abruptly this year.”

Learn more about this debate and how you might participate in it by attending this Thursday’s N.C. Policy Watch Crucial Conversation luncheon: “Will lawmakers bust North Carolina’s clean energy boom?” The event will feature Ivan Urlaub of the North Carolina Sustainable Energy Association and other voices from the state environmental community. Here are the details:

When: Thursday, June 4, at noon — Box lunches will be available at 11:45 a.m.

Where: Center for Community Leadership Training Room at the Junior League of Raleigh Building, 711 Hillsborough St. (At the corner of Hillsborough and St. Mary’s streets)

Click here for parking info.

Space is limited – preregistration required.

Cost: $10, admission includes a box lunch.

Click here to register

Questions?? Contact Rob Schofield at 919-861-2065 or [email protected]

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