Letter: Encourage backup power to pump gas
Regardless of how we address the cost of adding generators to gasoline stations, the consumer will ultimately pay the cost ["Help gas stations install generators," Editorial, Feb. 1]. That is just reality. But it is a serious need.
Here is one suggestion: Provide financing for the generators through the state or federal government. For example, a $30,000 loan repaid over 15 years at an interest rate of 2.5 percent results in a $200-per-month payment.
That should be well within the capability of most gas stations. Governments could sweeten the pot, as Newsday suggests, with tax credits or deductions.
There are also a multitude of ways to structure a transaction that would give the larger gas stations an incentive to invest, while leaving it optional for the smaller stations. The investment could be tied to the number of pumps, for example.
Ken LeBrun, Stony Brook