Thanks for the market info. Maybe I should add some more panels on my roof - if they get cheap enough, I won't even need a subsidy to tempt me! LOL There are 2 principles that made this overproduction situation very predictable: 1) The law of diminishing returns, which tells us that the most profitable locations and situations will be built 1st, leaving the most unprofitable projects remaining -which is where we are now - decreasing demand, and 2) Demand naturally decreases as a saturation point is approached - just like EVs, the most eager buyers have already bought.
Of course, government interference in the market by subsidizing it will just exaggerate the problems, making the looming disaster much worse.
China killed the German solar industry and the US industries back in about 2008-2014, they stole the technology and began building them with slave labor.
Now the IRA is heavily subsidizing factories here to build them here, many of those companies are Chinese.
Local tax abatements and state tax incentives are being used to entice them to the US.
There will be a lot of assembly going on , don't think much manufacturing as they are extremely "dirty" to manufacture.
We cannot compete with the prices of labor here since the Chinese are using forced labor from re-education camps and slave labor.
All the way around we are loosing and the Chinese are still winning - they flooded the market on purpose , I don't believe for one minute it was an oversight! They don't mind tanking their own business to play the long game!
I'm ready to stop the subsidies, the tax abatements and our officials welcoming in all and any company that waves a dollar in their face, with little return for our local communities!!
It’s really simple to tank China in this market. Stop all subsidies and the grift ends, the panels rot in warehouses and China has to find something else to build for the grifters. Maybe wind turbines since every manufacturer of those is shutting down production.
The green grift of the US inflation reacceleration act should be repealed.
Like many of our other industries, it’s impossible to compete with China’s heavily subsidized industries, lower environmental and labor standards. I understand your criticisms, but how can we build in country industries and manufacturing when the playing field is not level. What industries are worth subsidizing and which ones aren’t?
I have read all the free market objections to tariffs from Adam Smith on. They are correct as far as they go, but we are in a situation where one country, through a combination of globalization and considerable distortion of the supply side is waging economic warfare against its competition. I think tariffs on all Chinese production are appropriate. Perhaps a sliding tariff with the Walmart garbage being tariffed the least (for the least impact on the poor) and electric vehicles tariffed the most (EV buyers can afford it).
I'm one of the few homeowners for whom solar made sense. I had money to spend, a limited time to spend it (age) and an off-grid house that needed power. Every part of my system was made in China. Do we really want to be EVEN MORE dependent on China than we already are? Then keep touting solar power and giving tax breaks for installating dumped Chinese equipment priced below production costs to drive competitors out of the market. The market can't survive without subsidies? Maybe that should tell us something.
Insanity. It's "Reverse Robin Hood" where the economic elites are enriched by the "little people." Here's one example of a well-heeled elite who admitted circa 2014 he is on the gravy train at taxpayer expense. (Buffett's father was a four-term U.S. Representative from Nebraska.) Multi-billionaire Warren Buffett explained the rationale for solar and wind generation in 2014:
"For example, on wind energy, we get a tax credit if we build a lot of wind farms. That's the only reason to build them. They don't make sense without the tax credit."
"Big Wind's Bogus Subsidies - Giving tax credits to the wind energy industry is a waste of time and money."
By Nancy Pfotenhauer, Contributor | May 12, 2014, at 2:30 p.m US News & World Report
Thanks for the market info. Maybe I should add some more panels on my roof - if they get cheap enough, I won't even need a subsidy to tempt me! LOL There are 2 principles that made this overproduction situation very predictable: 1) The law of diminishing returns, which tells us that the most profitable locations and situations will be built 1st, leaving the most unprofitable projects remaining -which is where we are now - decreasing demand, and 2) Demand naturally decreases as a saturation point is approached - just like EVs, the most eager buyers have already bought.
Of course, government interference in the market by subsidizing it will just exaggerate the problems, making the looming disaster much worse.
China killed the German solar industry and the US industries back in about 2008-2014, they stole the technology and began building them with slave labor.
Now the IRA is heavily subsidizing factories here to build them here, many of those companies are Chinese.
Local tax abatements and state tax incentives are being used to entice them to the US.
There will be a lot of assembly going on , don't think much manufacturing as they are extremely "dirty" to manufacture.
We cannot compete with the prices of labor here since the Chinese are using forced labor from re-education camps and slave labor.
All the way around we are loosing and the Chinese are still winning - they flooded the market on purpose , I don't believe for one minute it was an oversight! They don't mind tanking their own business to play the long game!
I'm ready to stop the subsidies, the tax abatements and our officials welcoming in all and any company that waves a dollar in their face, with little return for our local communities!!
It’s really simple to tank China in this market. Stop all subsidies and the grift ends, the panels rot in warehouses and China has to find something else to build for the grifters. Maybe wind turbines since every manufacturer of those is shutting down production.
The green grift of the US inflation reacceleration act should be repealed.
Like many of our other industries, it’s impossible to compete with China’s heavily subsidized industries, lower environmental and labor standards. I understand your criticisms, but how can we build in country industries and manufacturing when the playing field is not level. What industries are worth subsidizing and which ones aren’t?
I have read all the free market objections to tariffs from Adam Smith on. They are correct as far as they go, but we are in a situation where one country, through a combination of globalization and considerable distortion of the supply side is waging economic warfare against its competition. I think tariffs on all Chinese production are appropriate. Perhaps a sliding tariff with the Walmart garbage being tariffed the least (for the least impact on the poor) and electric vehicles tariffed the most (EV buyers can afford it).
I'm one of the few homeowners for whom solar made sense. I had money to spend, a limited time to spend it (age) and an off-grid house that needed power. Every part of my system was made in China. Do we really want to be EVEN MORE dependent on China than we already are? Then keep touting solar power and giving tax breaks for installating dumped Chinese equipment priced below production costs to drive competitors out of the market. The market can't survive without subsidies? Maybe that should tell us something.
Insanity. It's "Reverse Robin Hood" where the economic elites are enriched by the "little people." Here's one example of a well-heeled elite who admitted circa 2014 he is on the gravy train at taxpayer expense. (Buffett's father was a four-term U.S. Representative from Nebraska.) Multi-billionaire Warren Buffett explained the rationale for solar and wind generation in 2014:
"For example, on wind energy, we get a tax credit if we build a lot of wind farms. That's the only reason to build them. They don't make sense without the tax credit."
"Big Wind's Bogus Subsidies - Giving tax credits to the wind energy industry is a waste of time and money."
By Nancy Pfotenhauer, Contributor | May 12, 2014, at 2:30 p.m US News & World Report
https://tinyurl.com/Buffett-Wind-Scam