U.S. Rooftop Solar Bust: Journalistic Misdirection
“Energy writer Felicity Bradstock had a mission: to put lipstick on the pig–and probably in conjunction with the rent-seeking, crony-capitalist Solar Energy Industries Association. Only the end of state and federal subsidies can cut the solar industry down to size and close the SEIA.”
MasterResource has chronicled the bust of the U.S. rooftop solar industry (86 firms as of a year ago), led by Houston-based Sunnova [1]. The major story is degrowth and litigation, as victims try to escape long-term contracts with defunct or shaky companies.
The bust occurred despite rooftop solar’s Investment Tax Credit (ITC), state-level net metering laws, and other subsidies–all to turn uneconomic, dilute, intermittent solar into a grid-competitive electricity source. Even with this, smoke-and-mirror long-term (15- to 30-year) warranty contracts were necessary to levelize the cost to something affordable.…
The post U.S. Rooftop Solar Bust: Journalistic Misdirection appeared first on Master Resource.
Source: https://www.masterresource.org/solar-rooftop/misinformation-rooftop-solar-bust/
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