California Zaps the Middle Class

The mid­dle class ends up fi­nanc­ing rate sub­si­dies for the poor aimed at ame­lio­rat­ing the higher costs of so­lar sub­si­dies for the well-to-do. Cal­i­for­nia’s cap-and-trade pro­gram and util­ity “pub­lic pur­pose pro­grams” like bat­tery sub­si­dies add sev­eral more cents per kilo­watt hour.

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