Skip to main content

Test announcement

Announcement here about some event or update. Or maybe link to promoted article. 

Main navigation

  • Home
  • Culture
    • Humor
    • Mathematics
    • Random Thoughts
    • Science & Society
    • Sports Science
    • Technology
  • Earth Sciences
    • Atmospheric
    • Energy
    • Environment
    • Geology
    • Oceanography
    • Paleontology
  • Life Sciences
    • Ecology & Zoology
    • Evolution
    • Immunology
    • Microbiology
    • Neuroscience
  • Medicine
    • Aging
    • Cancer Research
    • Clinical Research
    • Pharmacology
    • Public Health
    • Vision
  • Physical Sciences
    • Aerospace
    • Applied Physics
    • Chemistry
    • Optics
    • Physics
    • Space
  • Social Sciences
    • Anthropology
    • Archaeology
    • Philosophy & Ethics
    • Psychology
    • Science History
  • Contributors
X XD

User menu

  • Log in

Solar Companies, Only Viable By Government Mandates And Subsidies, Plead For Bailout

By Hank Campbell in Science 2.0
April 26, 2024
Profile picture for user Hank
Submitted by Hank on Fri, 04/26/2024 - 01:00
Old NID
257051

If you have to pay for companies to make a product, and then pay for people to buy it, and then pay for them to use it, you don't have a product, you have government wishful thinking.

That is the problem with solar power. When the Obama administration first took a basic research funding effort and decided it was time to subsidize it, and a miracle of free markets would take over, companies which had lost money on it for 50 years were amused. Then he started throwing money at it. A lot. Predictably, it went to Democratic donors, like Robert F. Kennedy, Jr., and many of them declared bankruptcy after getting the loans, but $4 trillion later the industry is starting to recoil.

The solar industry is complaining that the price of solar panels has...gone down. Just like government said they wanted to happen. And companies that count on high prices are complaining that China is the cause.


Credit: Shutterstock

Not that China is flooding the market, but rather that China is secretly bankrolling other companies that are making cheap panels for the US. A political party that claimed a coronavirus that erupted in Wuhan near two coronavirus labs couldn't possibly have come from Wuhan, despite them taking down a database of 15,000 coronavirus samples, and said it was all the fault of Republicans, is suddenly believing China is part of a Vast Right-Wing Conspiracy to make Democrats look bad in an election year.

Except lower costs for panels don't make Democrats look bad, it makes them look right. The USSR tried to outspend the US once, and that communist dictatorship is gone. If China wants to spend its money giving us cheap solar power, okay.

Yet it is solar power lobbyists screaming foul. If they get to make a government-mandated 30% profit and the base prices of products drop, they make less money. Companies that are required to build solar farms by the same government mandates are happy they are wasting less money. 

If we want solar power to go beyond the 0.06%, and to be viable rather than a huge drain on poor people in states like California, prices need to plummet. Companies that exploited their political connections to get rich can get replaced by legitimate market forces.

Perhaps the Biden administration will actually dismantle the Internet Equality that saddles poor people with high-priced high-speed service they won't want now that his subsidies for it are going to dry up.

Donate

Please donate so science experts can write for the public.

At Science 2.0, scientists are the journalists, with no political bias or editorial control. We can't do it alone so please make a difference.

Donate with PayPal button 
We are a nonprofit science journalism group operating under Section 501(c)(3) of the Internal Revenue Code that's educated over 300 million people.

You can help with a tax-deductible donation today and 100 percent of your gift will go toward our programs, no salaries or offices.

Latest reads

Article teaser image
No, Trump’s Executive Orders Can’t Cancel Your Rights.
Donald Trump does not have the power to rescind either constitutional amendments or federal laws by mere executive order, no matter how strongly he might wish otherwise. No president of the United…
Article teaser image
The US Discourages Pregnant Women From Drinking Alcohol - Vegetarian Diets Are Worse
The Biden administration recently issued a new report showing causal links between alcohol and cancer, and it's about time. The link has been long-known, but alcohol carcinogenic properties have been…
Article teaser image
In British Iron Age Culture, Margaret Thatcher Was The Norm
In British Iron Age society, land was inherited through the female line and husbands moved to live with the wife’s community. Strong women like Margaret Thatcher resulted.That was inferred due to DNA…

More reads

Featured Image

New Perspectives on the U.S. Corn Belt

Featured Image

The Steep Climb Of Vertical Farms And Where Urban Ag Might Be Revolutionary

Featured Image

No One Is An Island: The History Of Human Genetic Ancestry In Madagascar

More than 4,000 years ago, a proto-globalization process started in the Indian Ocean, one of the outcomes being a great human migration of African and Asian peoples spreading across the Indian Ocean…
Featured Image

Models Make Predictions On Olympic Medals

How many medals will each country win in Rio at this Summer's Olympic Games? Researchers who derived predictions from two different models anticipate that the USA, China, Russia, and the UK will…

Footer

  • About Us
  • Copyright and Removal
  • Privacy Policy
  • Terms