More solar panel subsidies die

solar panels

Waste of money in Spain, USA, Britain and Germany and now Australia

Aussie solar panels suck money from the poor and hand it to the rich

• Adapted from The Australian (behind paywall) – H/T John McLean

The cost of climate-change-inspired subsidies to boost the installation of rooftop solar systems has forced consumers who don’t have solar panels (the poor people) to pay $14bn to the rich people who do, but the Aussies are coming to their senses.

With 1.4m households having solar panels, Australia has the highest proportion in the world of households with solar panels, but the ill-advised subsidies that allowed them, plus presumably their marketing, outweigh any good they do by $9 billion. Unbelievable. Continue Reading →