Let the Sun Shine
Or, not. It looked like a dark day for the pigs in the solar-industrial complex, but then the bright (though artificial) electric spotlight of the feds shone on them.
Solar advocates mounted a last-minute push Monday to prevent sweeping cuts to a federal loan guarantee program for clean energy development in a Republican budget plan. The cuts would have essentially closed the program, which is popular with solar power developers, and rescinded billion of dollars in loan commitments for dozens of projects.
"Popular"? I bet. The oil depletion allowance is popular with the oil pigs, too. That doesn't make it right.
Look, for a big enough subsidy we could take used toilet paper and make dental floss. And that subsidy would be popular with industry. That doesn't mean taxpayers should be forced to pay for it. The very fact that such a large subsidy is required implies there is no sound economic justification for doing it, in terms of saving resources. (Yes, I have talked about solar subsidies before...)
(Nod to Anonyman)