…and wondering why we are losing the money?
Germany once prided itself on being the “photovoltaic world champion”, doling out generous subsidies—totaling more than $ 130 billion, according to research from Germany’s Ruhr University—to citizens to invest in solar energy. But now the German government is vowing to cut the subsidies sooner than planned and to phase out support over the next five years. What went wrong?
Subsidizing green technology is affordable only if it is done in tiny, tokenistic amounts. Using the government’s generous subsidies, Germans installed 7.5 gigawatts of photovoltaic capacity last year, more than double what the government had deemed “acceptable.” It is estimated that this increase alone will lead to a $ 260 hike in the average consumer’s annual power bill.
http://www.slate.com/articles/news_and_politics/project_syndicate/2012/02/why_germany_is_phasing_out_its_solar_power_subsidies_.html?wpisrc=twitter_socialflow
Yea we’ve been telling you green jobs idiots this for years now. Like we have said over and over Let the free market perfect the technology and if it ever becomes viable we wont have to subsidize it, ppl will just buy it because it makes financial sense.
yes John I agree
Molly are you on drugs?
According to Der Spiegel, even members of Chancellor Angela Merkel’s staff are now describing the policy as a massive money pit. Philipp Rösler, Germany’s minister of economics and technology, has called the spiraling solar subsidies a “threat to the economy.”
yea everything’s fine…I’m sure the german ppl will love that extra 300/year on top of bailing out Greece.
More Pages:
- Solar Products: What Are The Details Behind Receiving A Tax Cut Or Tax Break After Purchasing Alternative Energy Products? (4/10/2012)
- Please!Tell me why solar energy is considered to be the poor-man’s choice in electricity in Morocco?
- Why do communists want to stop people from investing in “green” products?
- Solar Energy: Is Obama Obligated To Subsidize Failing Solar Companies? (4/14/2012)
- Solar Energy: Do Renewable Energy Companies Get Tax Breaks From The US Government? (11/4/2011)
{ 4 comments… read them below or add one }
Nothing will stop the libs from using our money to fund Obama’s cronies.
wasted energy, im trying to make somthing in my basement right now that might work to store more energy without needing replacment too often
might work but it hasnt twice already
Solar energy will probably still have an important role in the future, when it can be made economically viable without subsidies.
Obama certainly isn’t a very good investor is he? I wouldn’t want him selecting stocks for me.
Solar and wind generation with battery back up are great solutions to have when the economy collapses and destroys the grid, or when weather (Earth bound (weather.gov) and Space weather Space weather.com) takes out the grid. Don’t stop installing or planning to install solar or wind generated power solutions just yet.
It matters not if it is a green technology…it could save your life and/or make your life much more comfortable when natural conditions or Obama destroys our economy and power grid.
Here in the states tax incentives and the fact that power companies must buy your excess power production (lowering your power bill) make it a very economically feasable choice.