Democratic Finance: Energy Of the People, By the People, For the People by The Energy Commons
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"I love the idea of inducing participation by individuals in the installation of PV on public property. This is a terrific, innovative, and very current idea, for which I applaud the author(s). While some obstacles involving general authority and legacy costs are not addressed, the submission does a terrific job of laying out the details in terms of energy potential, likely locations for profitable investment, local differences in renewables policy, timelines, etc. The proposal is thorough, thoughtful, and fun."
"This is a very strong proposal, and many of the details have been worked out. This could easily be turned into a serious policy proposal. An opportunity this big can certainly afford to report and publicly disclose financial information just like thousands of other publicly traded companies."
Rooftop solar is popular!
This is a great idea, and one that makes sense for a property owner as large as the federal government and as a novel form of sophisticated bond-buying. We're happy to advance this to the semi-finalist round, and as always, our comments are intended as constructive criticism.
We have a couple questions:(1) How much rooftop does the federal government actually own?(2) How can this model fit into the capital allocation process used by the federal government?(3) Will GSA decide on these investments, or will it purely be left to the crowd?(4) How will investors receive their repayment? Would they be able to buy into new investments with their dividends? Would we be building a targeted bond program?
In general, we also feel that a stronger focus on quantitative CO2 reduction, a discussion of the need for electricity storage with greater penetration of distributed solar, and discussion of the regulatory hurdles will make this an even stronger proposal.
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