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| Economy |
| Not just Solyndra |
| 2011-10-13 |
| h/t Instapundit With the Solyndra scandal still swirling, the Obama administration is under pressure to reveal the financial condition of the solar companies that received $4.75 billion in similar federal loan guarantees on the last day of the program. Is there anyone who (clearly having fallen from the back of the turnip truck last night) thought that Solyndra was an isolated case? Republican lawmakers on two House committees are seeking details about the loans given to First Solar, SunPower Corp. and ProLogis. Of those three companies, troubling financial revelations have emerged about SunPower, which received a $1.2 billion loan, more than twice the money approved for Solyndra, which filed for bankruptcy last month after receiving a $528 million loan. It's in a good cause |
| Posted by:g(r)omgoru |
| #6 the question for the average homeowner is simple, define the capital outlay cost, minus the tax credit, define the savings throughout the economic life of the system, define the savings from not using the public utility power, and decide based on net cost. Every time I have done that, it doesn't work! |
| Posted by: NoMoreBS 2011-10-13 14:17 |
| #5 I have a solar power system at our cabin near Mt. Denali. We paid for it in cash, took no energy credits, and it works very well. Solar panels, battery charge controller, batteries, battery charger, standby generator. It can be done honestly. Heh. |
| Posted by: Alaska Paul 2011-10-13 14:13 |
| #4 make that 11. |
| Posted by: newc 2011-10-13 10:30 |
| #3 Every day, we add one company like this. Now there are ten: SOLYNDRA, LIGHTSQUARED, Evergreen, SpectraWatt, BrightSource, Tonopah Solar, Abound Solar, Nevada Geothermal Power, sun power, Granite Reliable, ProLogis |
| Posted by: newc 2011-10-13 10:29 |
| #2 This story has a long tail. I would suggest looking at solar power history. This is not something new.In my opinion of course. An old story I would tell to children. American Indians would hunt beaver. They first would put the traps out baited but not set. The beaver helped themselves. So after a time, with no fear, the beaver took what they wanted. The traps then were set and the catch was very productive. |
| Posted by: Dale 2011-10-13 07:52 |