Siemens leaving solar industry because subsidies drying up.

[bfdd]

http://www.reuters.com/article/2012/10/22/us-siemens-solar-idUSBRE89L09D20121022


Well this should be rather telling of the industry at large. It's not just US companies that are struggling in an industry really no one can really afford to replace their energy consumption.

 

[Slick5150]

So you're saying we should go back to solely subsidizing oil and gas production?

 

[bfdd]

So you're saying we should go back to solely subsidizing oil and gas production?

Lol you don't know me very well, I'm an ant-subsidiary guy. No tax dollars should go to subsidize private business, hell I'm an anti-tax guy for the most part so I don't even usually get that far into the equation of it.

 

[Jaskalas]

Sounds like 'green' needs more stimulus. Can't exist without tax dollars.

 

[Juddog]

The only reason solar took such a big hit was that China was subsidizing it's own solar companies, to the extent that there is less of a profit to make the solar panels in america.

This is why we need to bring back tariffs and a more protectional approach to our economics.

 

[IGBT]

solar panels are junk. miserably inefficient and work only half the time. The next big business boom will be the removal and disposal of all that solar junk piled up on roofs.

 

[uclaLabrat]

The only reason solar took such a big hit was that China was subsidizing it's own solar companies, to the extent that there is less of a profit to make the solar panels in america.

This is why we need to bring back tariffs and a more protectional approach to our economics.

I'm not a fan of protectionism per se, but I DO believe in a level playing field, and the execs in this country seem more than happy to sell off all our country has built one factory at a time.