From The Taxpayer Protection Alliance (TPA), a study out on solar subsidies: “Filling the Solar Sinkhole: Billions of Bucks Have Delivered Too Little Bang.”
In spite of government’s best efforts to encourage innovation by solar energy companies and encourage Americans to rely more heavily on solar electricity, solar power continues to be a losing proposition. American taxpayers spent an average of $39 billion a year over the past 5 years financing grants, subsidizing tax credits, guaranteeing loans, bailing out failed solar energy boondoggles and otherwise underwriting every idea under the sun to make solar energy cheaper and more popular.
But none of it has worked. Solar energy remains prohibitively expensive – often three times more than electricity produced from natural gas or other sources. As a result, less than 1 percent of the electricity consumers by Americans comes from solar energy sources.
Thirty-Nine billion a year in taxpayer dollars thrown down a hole for less than 1% of electricity consumption.
Imagine how many roads and bridges we could fix if, instead, we let more traditional energy companies compete with their own money to produce cleaner, more reliable energy, and stopped padding the pockets of green-billionaires, their investor buddies, and the massive bureaucracy that swallows up even more money “managing” the 345 solar initiatives across 20 federal agencies.
