Renewable Energy Savings Bonds?

His isn’t a new idea.  Rather, it’s back to the future again. The notion: U.S. Treasury Savings Bonds earmarked for Renewable Energy  projects.  Michael Shawn Kendall, (an Electronic Technician Chief with 27 years of overseas service in the U.S. Navy,/u== and long-time alternative energy guy, wrote to share what sounds like a good idea pretty much all the way around.

Normally purchased in $25 increments, they’d provide us with a way of putting some money away safely and with a good return on the investment, while providing funds to support a renewable energy project.  They can even be designated for specific purposes (buy a RE-W bond for Wind Turbines, a RE-S bond for Solar, RE-I bond to help fund                                                                                                                                                                        infrastructure, RE-T for bullet trains,  RE-C co-op bonds for small communities needing a few wind turbines, etc.  The bond certificates would have their designation and and an artist’s depiction of that project printed on them, along with the American flag. Great idea, huh?

As one might expect of any sensible idea, government’s bureaucracy is staunchly planted in the way.   How could that be?  After all, U.S. Savings Bonds were sold during WWII, and earmarked to fund a tank, etc.   contacted the US treasury department and was told that the marketing department for savings bonds closed several years ago.  Why would this be a problem now?  The Chief Technician inquired at the Treasury Department, but was told there would be problems because savings bonds are at the federal level while the projects will be at the state and local level.  Such concerns can easily be addressed.  The US RE bonds could fund grants to the state and local level, earmarked for those specific projects.

If given the tools to participate directly, the power of the citizens of the United States to help achieve energy independance is undeniable.  Americans mean well and the Energy Independance Savings bond program will give citizens the power to make it happen. If marketed through a web page, commercials, and to federal employees the word would get out and participation would very likely spread like wildfire.

Especially in these tough economic times where banks are seen as questionable and other investments are shaky, while the Obama administration and Congress struggle to find funds to prime the pump and restart our economy, these bonds could provide a very welcome investment opportunity, while making U.S. energy independence a reality much more rapidly than the government could afford to do by itself.

We applaud this veteran’s ingenuity and efforts, and support the idea. This is a prime example of the kind of involvement and self-help that President Obama was talking about in his inauguration speech.  Now all we need is the Congress to remove the roadblocks and put it in action.

Please voice your support by commenting here, and by writing to Nancy Pelosi, Congresswoman and Speaker of the House, at http://speaker.house.gov/contact/

Thank you!

Comments

One Response to “Renewable Energy Savings Bonds?”

  1. Howard Blas on March 16th, 2009 8:49 am

    What a good idea!!!

    With perhaps the right-thinking people (Lobby &/or Congress) on committees &/or governors &/or even the President’s Cabinet pushing for this type of revenue raising (Think Non-Profit Fund Raising) activity the same as Savings Bonds (War Bonds) financed the country on other projects in the past.

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