Tennessee Valley Authority: Don’t Slash Renewable Incentives for Home and Business Owners
For the second year in a row, Tennessee Valley Authority (TVA) is planning to dramatically slash funds for its Generation Partners Program—a program that supports homeowners and businesses in installing small-scale solar and wind power on their property.
Why? Because the program is apparently too successful.
Citing a $5 million imbalance in revenues vs. expenses, TVA says the cutback is necessary because the huge popularity of the renewable incentives has outpaced customers’ voluntary green power contributions. At the same time, TVA—a U.S. government-owned corporation—has found the cash to pay almost $13 billion in cleanup costs and fines for its 2008 coal ash spill, on record one of the worst environmental disasters in U.S. history. It also dug deep in its pockets to find an unplanned $5 billion to finish the new Bellefonte nuclear plant.
Tennessee has more solar potential than Germany, the world’s solar leader, and it’s experienced a huge solar business and job creation boom in the last decade—already, for example, four Tennessee solar companies employ 1,750 people and support additional jobs at local suppliers and vendors.
One of TVA’s primary missions, according to its Congressional mandate, is to promote economic development in the valley. It’s time for TVA to prioritize green, renewable sources of energy over more environmentally and economically-disastrous coal. At minimum, it should find it in its budget to continue funding for this valuable program for the state’s growing green jobs sector—peanuts compared to what it spends on coal disasters.
Sign our petition to help us pressure TVA to re-instate current support for the Generation Partners Program. Thank you for taking action!
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