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> It is risky basing too much of a business on tax credits and rebates. This is/was an open secret not only in the solar industry but the entire renewable/clea
by eighthnate 9y ago
> It is risky basing too much of a business on tax credits and rebates.
This is/was an open secret not only in the solar industry but the entire renewable/clean energy industry ( wind, geo, etc ). These solar companies existed solely because of government support and everyone knew that once the government support was pulled, these companies would immediately be bankrupt.
The first solar companies to fall were those based in germany/uk/spain when european governments pulled the solar subsidies. Followed by the solar companies in the US. Even the chinese solar companies are struggling now.
But the biggest problem going forward for the solar/wind/etc industry is low oil/gas prices. But even with the most optimistic projections, solar would be a relatively small portion of global energy source even by 2050.