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Home » Solar Energy » Is it solar energy going bad?
Is it solar energy going bad?
In the USA, solar makes economic sense, especially in the sunbelt. I live in a state (Utah) with the fourth lowest cost per KWh in the entire USA, and a grid tie system is at grid parity, without any incentives whatsoever. With the incentives, the per KWH cost, over just the warranted life of the system, is just about half of the conventional alternative (Warren Buffet's Rocky Mountain Power) in residential markets, and is also competitive in the highest small business rate schedules.
The problem can be traced to bankers who are (a) not very imaginative; and (b) who got caught with their hand in the "if you can fog a mirror, we'll lend you $500K" CDO cookie jar that resulted in the 2008 financial crash, and the special interests (big energy). You have to factor in the bank regulators somewhere, because they got real enthusiastic about "enforcement" after the CDO horse left the barn.
The net of all this ... if the central banks had the vision to encourage national, regional and local banks to make renewable energy and solar loans, entire economies would be revitalized, jobs would be created, and citizen enthusiasm would naturally be lifted. Oh, and companies like Bosch and Suntech would still be in business. Of course, the utilities would be grumpy ... but you can't make an omelet without breaking eggs!
To hell with them all. We'll fix it ourselves. I just feel bad about the people at companies like Bosch. They are collateral damage in the energy wars.
Remember, we are moving from HE (Hydrocarbon Era) to SHE (Solar Hydrocarbon Era) and there are entire industries and HUGE multinationals that would rather push that off for a few more decades.
The problem can be traced to bankers who are (a) not very imaginative; and (b) who got caught with their hand in the "if you can fog a mirror, we'll lend you $500K" CDO cookie jar that resulted in the 2008 financial crash, and the special interests (big energy). You have to factor in the bank regulators somewhere, because they got real enthusiastic about "enforcement" after the CDO horse left the barn.
The net of all this ... if the central banks had the vision to encourage national, regional and local banks to make renewable energy and solar loans, entire economies would be revitalized, jobs would be created, and citizen enthusiasm would naturally be lifted. Oh, and companies like Bosch and Suntech would still be in business. Of course, the utilities would be grumpy ... but you can't make an omelet without breaking eggs!
To hell with them all. We'll fix it ourselves. I just feel bad about the people at companies like Bosch. They are collateral damage in the energy wars.
Remember, we are moving from HE (Hydrocarbon Era) to SHE (Solar Hydrocarbon Era) and there are entire industries and HUGE multinationals that would rather push that off for a few more decades.
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Just my thoughts but we would have been better giving the citizens the bail out and they would have put the money back into the economy. By paying loans back, investing in their houses and their companies. The banks would have gotten the money but not have been able to control it they would have had to earn it.