Some states like TX and NJ will subsidize solar energy 40% worth.
But the technology to date has been quite costly in spite of these states' subsidizing the cost. However, solar energy is starting to turn the corner cost-effectively in the past year or two.
Why is there no serious encouragement from the federal gov't to encourage homeowners to install solar energy panels by offerering subsidies or rebates for installing it?
Would this be a good idea?
SHOULD the federal gov't give rebates of 40% to homeowners who install solar panels on their homes?
great idea…but the time hasent come yet.
Why isn't the federal government willing to subsidize solar energy panels for homes?
March 29th, 2009 | solar energy
4 comments ↓
They like all the money they get taxing oil and gas.
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great idea…but the time hasent come yet.
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why subsidize a fraud
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Probably because unlike ethanol, there isn't enough money from solar-energy lobbyists to finance election campaigns. It's just as well because subsidies only serve to perpetuate inefficiency and waste, and inflate the prices of the items being subsidized. Back in the 1970s the Canadian government subsidized home insulation and the first thing to happen was that the price of insulating a home increased by the amount of the government rebates that were handed out.
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