To the Editor:
With his veto of the net metering bill (HB365), Gov. Sununu took a stand for the average NH taxpayer. With per capita income in our state at roughly $38,000 per year, renewable energy may be out of reach for most of us.
A recent study revealed that 79% of taxpayers who take advantage of the electric vehicle tax credit make over $100,000 per year. That makes it a tax break for the well off. (Fully 70% make over $199,000.)
The Governor’s veto of HB365 will forestall yet another tax break for the wealthy -- an increase from one to five megawatts in the size of renewable energy installations that qualify for net metering.
Some will say that municipalities and schools benefit from this bill and will, therefore, save taxpayers money. But those taxpayers save money only by shifting costs, such as those for renewable energy certificates, to electricity ratepayers in other communities. This bill exempts new renewable installations built after July 1 from the statewide education property tax, adding even more to the burden of other taxpayers.
According to the NYTimes, China has 2,300+ coal-fired electricity plants and 1,100+ under construction. The US has 365 and none under construction. As long as this imbalance remains, nothing NH or US policymakers do will have any impact on our global climate.
The Governor was right to protect NH ratepayers from these ineffective policies by vetoing HB365. The House should sustain this veto.