TPA Releases New Solar Subsidy Report Examining Threat to Taxpayers
New Report: Big Solar’s “House of Cards” Subsidy-Based Business Model Jeopardizes Taxpayers Washington, D.C.—The Taxpayers Protection Alliance (TPA) released a brand new report about the heavily-subsidized solar industry titled, A House of Cards: Solar Energy’s Subsidy-Based Business Model. TPA concludes that Big Solar’s heavy reliance on government handouts threatens taxpayers with another Solyndra. This report is another one in the series that measures the impact of government solar subsidies and preferential treatment on taxpayers and consumers. The renewable energy world was abuzz recently over news that the empty California office space once occupied by Solyndra, the most notorious of America’s green stimulus debacles, is now being leased by another rising star in the solar space, Elon Musk’s SolarCity. This was heralded in industry circles as long-sought redemption—as proof that Big Solar finally is emerging from Solyndra’s shadow. “Big Solar cannot simply reoccupy Solyndra’s office space and declare victory without first making fundamental changes,” said David Williams, President of Taxpayers Protection Alliance. “The American people and their elected representatives should have no faith that other Solyndras are not also poised to collapse like a house of cards. Why should taxpayers have confidence in Big Solar when the same subsidy-based business model that created Solyndra continues to dominate an unprofitable industry?” Click 'read more' below to see the full release