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Are Subsidies Killing US Solar Companies?
Oilprice.com ^ | 12-05-2016 | Solarbust

Posted on 05/12/2016 3:41:41 PM PDT by bananaman22

The oil price rout has caused a lot of headaches in the renewable industry, especially in the heavily subsidized U.S. solar sector, which is suffering some setbacks even as solar installations are growing rapidly.

Solar power suppliers are scaling back operations as demand is growing slower than expected, and the sector is wondering where to go from here.

Investors have, of course, sensed the uncertainty. An industry that showed so much promise—particularly against the background of international efforts to curb the effects of climate change—is now in the doldrums. So what went wrong?

(Excerpt) Read more at oilprice.com ...


TOPICS: Business/Economy
KEYWORDS: coal; shares; solar; subsidies

1 posted on 05/12/2016 3:41:42 PM PDT by bananaman22
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To: bananaman22

What went wrong?

Solar doesn’t pay for itself/turn a profit.


2 posted on 05/12/2016 3:45:14 PM PDT by Bryan24 (When in doubt, move to the right..........)
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To: bananaman22

If a typical solar installation could be used in the event of a power outage, they’d sell more of them. As it stands you can’t have a grid-tied system if you have battery storage.


3 posted on 05/12/2016 3:47:26 PM PDT by RegulatorCountry
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To: bananaman22
Newsbytes: Elon Musk’s SolarCity Crashes
4 posted on 05/12/2016 3:53:13 PM PDT by Vince Ferrer
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To: bananaman22
Somehow the process of how to engineer, finance and the company itself do all the work makes it happen.

With subsidies, all I've seen is poor engineering, faulty financing and the inevitable busts (with the US Taxpayers fleeced).

5 posted on 05/12/2016 3:54:44 PM PDT by CptnObvious
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To: Bryan24

My opinion as an amateur technical guy is that it doesn’t take enormous equipment or enormous amounts of money to develop a better solar cell. Any solar cell technology can be tested with a sample less than an inch square. Efficiency, life expectancy, and cost to manufacture are the key parameters.

For an example of the progress of large semiconductors, look no further than the beautiful, large video displays we have now. Done without subsidies.

A winning solar collector would bring in enormous amounts of money to its developer/patenter.


6 posted on 05/12/2016 3:57:03 PM PDT by cymbeline
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To: bananaman22

No. Crappy products for the price and the big one, the sun only is out less than half the time when weather is factored.


7 posted on 05/12/2016 4:06:15 PM PDT by VTenigma (The Democratic party is the party of the mathematically challenged)
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To: bananaman22

No.....It’s killing TAX PAYERS!!!!


8 posted on 05/12/2016 4:15:10 PM PDT by G Larry (ILLEGAL IMMIGRANTS impose SLAVE WAGES on LEGAL Immigrants.)
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To: bananaman22
An industry that showed so much promise—particularly against the background of international efforts to curb the effects of climate change—is now in the doldrums.

The solar power industry has never shown promise except as a niche product. That's because it is not viable as a mainstream provider of electricity. If it were a promising industry it would not require government subsidies.

9 posted on 05/12/2016 4:18:45 PM PDT by DakotaGator (Weep for the lost Republic! And keep your powder dry!!)
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To: bananaman22

I find that solar works pretty well to power our weekend cabin. A 32watt panel and a 12 golf cart battery powers lights and radios etc all weekend. Still need a generator for power tools or vacuum cleaner.

Wouldn’t work so well for a house. You need a big battery room and a back up generator. And those batteries need to be replaced every few years. And.. and.. and..


10 posted on 05/12/2016 4:40:28 PM PDT by Seruzawa (If you agree with the French raise your hand. If you are French raise both hands)
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To: DakotaGator

My kid took down a six decade old Aermotor mill on one of the wells at the ranch he foremans and put a two panel solar pump in it’s place. I was surprised at how good it works. Produces from a couple of hundred feet.
Solar has some uses.


11 posted on 05/12/2016 4:48:39 PM PDT by Rockpile (GOP legislators-----caviar eating surrender monkeys.)
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To: cymbeline
Efficiency, life expectancy, and cost to manufacture are the key parameters.

The dirty coal consumed to manufacture in China, and the petroleum used to ship, install, and maintain solar panels uses more total energy than the solar panels will ever generate. In other words solar isn't helping anything.

12 posted on 05/12/2016 5:02:13 PM PDT by Reeses (A journey of a thousand miles begins with a government pat down.)
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To: Seruzawa

“And those batteries need to be replaced every few years.”

The success of solar as a major power producer requires better batteries than we have now. Battery development is another technology that (I think) doesn’t require massive investment.

I consider solar power to be a successful endeavor. It’s used in more and more places, mostly remote installations requiring a small amount of power. But that’s fine.


13 posted on 05/12/2016 5:25:32 PM PDT by cymbeline
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To: Rockpile

Indeed it does, always has. It’s just not base power.


14 posted on 05/12/2016 5:27:24 PM PDT by DakotaGator (Weep for the lost Republic! And keep your powder dry!!)
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To: cymbeline

There have been ENORMOUS sums of money poured into solar cell material research by private companies and by NASA (who I contract to work for).

Any big advances now will be more by happenstance.


15 posted on 05/12/2016 6:00:12 PM PDT by Bryan24 (When in doubt, move to the right..........)
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To: Bryan24
You are incorrect on this .

Solar has a very bright future for low cost distributed power but it is totally worthless for industrial grade commercial power generation - ie power plants.

Obama’s solar stimulus killed the solar industry because it forced a lot of emerging tech into the market while still half baked and before it was ready and the crash of the Obama stimulus gold rush mentality destroyed a lot of promising companies that would have solid around the 2020 time frame

Obama’s green initiative was the analog to government stimulating the personal computer industry in 1978 by buying a radio shack TRS-80 for every American family and killing off demand for the IBM PC and putting Apple Computer into bankruptcy

16 posted on 05/12/2016 6:19:29 PM PDT by rdcbn ("If what has happened here is not treason, it is its first cousin." Zell Milleraere)
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To: Bryan24

Depends on where you live.
I live in a single party state that
has driven the price of electricity to be
the highest in the nation. Thanks to Democrats
and taxpayers I can pay for a
10 kW system in 8 years. It is worth it for me.
Other people on this post are correct,
all costs considered, the solar will never
return the costs needed to produce it.
The subsidies and the freedom from the
government are what makes it worth it.
Thanks for paying your taxes!


17 posted on 05/12/2016 7:20:17 PM PDT by imfbi (my posting name is geography not an occupation.)
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To: CptnObvious
With subsidies, all I've seen is poor engineering, faulty financing and the inevitable busts (with the US Taxpayers fleeced).

You left out that ALL private systems will eventually need serious maintenance, eventual replacement or scrapping out.
One by one they will fail and leave a bigger hole in the future grid the longer this charade is allowed to go on

18 posted on 05/12/2016 10:15:50 PM PDT by jcon40
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To: bananaman22

The government proved that when you give things to people and make it really easy to “succeed” then you help ensure failure by de-motivating them from taking the steps a normal business would take....our welfare society being proved out at all levels....


19 posted on 05/13/2016 3:52:33 AM PDT by trebb (Where in the the hell has my country gone?)
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To: Bryan24

“There have been ENORMOUS sums of money poured into solar cell material research”

You say big advances will be more by happenstance. Does that mean the enormous sums are being divided up among numerous independent efforts?

Is the money directed mostly toward reducing the manufacturing cost of existing cell designs, or in developing new cell designs?

How long does the typical cell last as it sits out there with the sun hitting it and ambient temperatures varying from cold to hot.


20 posted on 05/13/2016 4:49:21 AM PDT by cymbeline
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