Sunday, February 15, 2015

Report: Solar Energy Subsidies Cost $39 Billion Per Year

Report: Solar Energy Subsidies Cost $39 Billion Per Year | Washington Free Beacon:
"Despite billions spent in investments over decades, solar energy will only make up 0.6 percent of total electricity generation in the United States, according to a report released by the Taxpayers Protection Alliance (TPA).
“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,” the report said. 
“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.”
...“This report is only the first step in asking the important questions about solar subsidies,” said David Williams, the president of the TPA. 
“Taxpayers need to know the truth about where their dollars are being spent.”"

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