Article originally appeared on www.zerohedge.com.
Authored by Mike Shedlock via MIshTalk.com,
Conflicting goals often leads to the worst of both outcomes. That’s what’s happening with solar panels and EVs.
The Wall Street Journal reports Another Green Energy Subsidy Bust
The 39-year-old SunPower is the latest solar rooftop business to fail this year. Others include Titan Solar Power and Sunworks. SunPower cited a “severe liquidity crisis caused by a sharp decline in demand in the solar market and SunPower’s inability to obtain new capital.” The IRA boosted solar subsidies, so why has demand fallen?
One reason is higher interest rates have made rooftop panel leasing less attractive to customers. Some states like California have scaled back programs that pay customers to send solar power they don’t use to the grid. Such subsidies raise the cost of power for people who don’t have panels. In California the grid is often …
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