Forbes Contributor, Jeffrey Dorfman, believes that wind, solar and geothermal energy only survived in the US because of Government subsidies that funded projects until they were large enough for economies of scale to work and the price per kilowatt hour dropped so that young companies could thrive alone. He says this is a lesson we can learn from other countries like Germany which has been able to build up its renewable power generation capacity without government subsidies. According to Dorfman, top lobbyists for the solar industry believe the industry would lose 60% of its volume without energy subsidies if it had to compete in the industry on a level playing field.
Forbes Contributor, Jeffrey Dorfman, believes that wind, solar and geothermal energy only survived in the US because of Government subsidies that funded projects until they were large enough for economies of scale to work and the price per kilowatt hour dropped so that young companies could thrive alone. Dorfman explains that if an extension of the 30% credit beyond its current December 2016 expiration date is not granted, there could be huge job losses and cuts to the industry. According to Dorfman, top lobbyists for the solar industry believe the industry would lose 60% of its volume without energy subsidies if it had to compete in the industry on a level playing field.