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Obama's Attorney at the State Department | Main | Today's Must-Read: Obama and the UAW
April 01, 2009

PRC offering massive solar subsidies

This is interesting.

...The Chinese government alerted all silicon, ingot, wafer, cell, and panel manufactures that it intends to announced a very aggressive Solar subsidy that is equivalent to $3 USD per installed watt, in cash, as an incentive to aid the Chinese population to install solar. Currently in China non UL, non CE, and non TUV panels can be purchased for under $2 per watt...

...With the combination of lower panel prices, renewed Federal and State incentives, utility rebates, the finance freeze thawing out, and oil prices moving up, Solar is once again looking awfully attractive. When you take into consideration the increased value of your home upon a solar installation and the tremendous credits and rebates available, you can literally install solar for 20 cents on the dollar....

Apparently, the Chinese understand what the word "stimulus" actually means. This is going to kickstart their electronics and service/installation industries in a major way, AND actually provide something genuinely useful for the masses that has a recurring payoff going forward.

I hate to say it, but maybe we need some real commies capitalists running this country.


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posted by Purp at 09:34 AM

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