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The Navy has admitted it failed to consider whether various solar projects it awarded contracts for at several California bases were cost effective. At least, not when spending money received under President Obama's 2009 American Recovery and Reinvestment Act.

“Officials incorrectly concluded that cost effectiveness was not required for planning Recovery Act energy projects,” says a report by the Pentagon’s inspector general.

So the Navy proceeded to green-light numerous projects that will cost far more than the power they’ll generate is worth. Locally, Naval Base Coronado and Naval Air Facility El Centro had the most efficient projects – they’ll generate enough energy over the next 20 years to pay 28% and 24% of the installation costs, respectively. Naval Base Point Loma expects to get back only 21% of what it invested into solar, and Naval Base San Diego will recoup only 16 cents on every dollar invested.

The Marine Corps did a little better on making cost effective investments, they hope to recover 39% of the cost of an installation at Camp Pendleton.

Overall, the Navy expects to lose about $25.1 million dollars of its $50.8 million investment.

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Comments

SurfPuppy619 Oct. 10, 2011 @ 2:47 p.m.

The Navy has admitted it failed to consider whether various solar projects it awarded contracts for at several California bases were cost effective. At least, not when spending money received under President Obama's 2009 American Recovery and Reinvestment Act.

“Officials incorrectly concluded that cost effectiveness was not required for planning Recovery Act energy projects,” says a report by the Pentagon’s inspector general.

== Why are gov employees so stoopid?

WHY would this even needed to be stated, a cost return ROI??????? Oh, because it is OPM, that' is the only reason.

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Visduh Oct. 11, 2011 @ 7:41 a.m.

Come on, SurfPup, this had nothing to do with "stoopid" by the Navy. That stimulus bill was intended to shoot liquidity into the economy, or so it was claimed. The usual "rules" of doing such things as solar installations had nothing to do with just spending $ billions. OPM was wonderful stuff. But now our society is running out of it, much as Margaret Thatcher said would happen. The "stoopid" is us all, the pols we elect, and a bunch of shaky economic theories.

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mridolf Oct. 13, 2011 @ 2 a.m.

There's a sign at the Valley View Casino that says the hotel there was built with stimulous money.

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Joaquin_de_la_Mesa Oct. 21, 2011 @ 10:52 a.m.

I think Visduh is right. When the people at the top act as if the gov't is a bottomless pit of money, why should the people to whom they're handing it out bother to make sure they spend it wisely?

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