This is from a story in the DESMOG blog dated May 9, 2016
Louise Helton, owner of One Sun Solar Electric in Las Vegas, says that since January her company is doing more work removing solar panels from rooftops than installing them.
But at least she’s still in business, unlike many solar entrepreneurs in Nevada. She’s had to diversify into LED lighting installation and other sources of income.
“During the recession, rooftop solar was the bright spot in the Nevada economy,” Helton tells DeSmog. “We were booming. And now we’re dead.”
It was a decision by the Public Utility Commission of Nevada (PUCN) in December that delivered a fatal blow to rooftop solar in the sunniest state in the U.S.
By removing a key incentive for rooftop solar customers — net metering — the PUC made it prohibitively expensive for existing and future solar customers to use solar panels to generate part or all or their electricity needs.
CLICK HERE to read the entire article.
And another article dated April 13, 2012 on the Pointman's blog
THE SUN IS SETTING ON SOLAR POWER, THE MONEY’S GONE AND NOBODY’S ASKING ANY QUESTIONS.
If you keep an eye on the financial world, which I do, and especially the green sectors, which I also do, it’s been an interesting time of late. Within the last few weeks, Solar Trust of America (STA), owner of the world’s largest solar plant, filed for bankruptcy protection under Chapter 11, and nobody expects much of it, if anything, to emerge from it. STA joins a long list of companies in the solar energy sector, who’ve gone bankrupt, ducked into protection from their creditors, suspended production indefinitely or are simply circling the plughole.
Across the world, a few of the more prominent and expensive casualties are Solyndra, Solar Millennium AG, Energy Conversion Devices Inc, Q-Cells, Solon, Solar Millenium, Solarhybrid, Ener1, Range Fuels, Beacon Power Corp and there’s a whole lot of others. In case you haven’t noticed, it’s probably not a good idea to invest your hard-earned pennies in any company with “solar” in its name. It’s almost as bad a mistake as thinking you had some sort of long-term future employment with one of them.
Nearly all of these companies were the beneficiaries of huge government startup grants or loan guarantees. The products they made were effectively sold to consumers with a subsidy, to make them more attractive. The customers also had the benefit of some generous feed-in tariff schemes. All that money that was sunk into them has now gone and the specific green industry sector it was expected to create, is pretty much moribund.
CLICK HERE to read the entire Portman's article.