For Subsidized Solar: Once more into the breach, I mean bankruptcy court

Obama’s green energy programs are the gifts that keep on giving — at least if you are a critic.  Just since my last post, one of the subsidized solar company’s that were listed as in decline, Abound Solar, has announced it is suspending operations and headed to bankruptcy.

Who could have guessed?!!!

Though they had federal loan guarantees of up to $400 million it seems taxpayers may only be on the hook for a measley $40 to $70 million.  Unless and until the government gets out of the solar business we will all just be waiting for the sun.

Comments (2)

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  1. Once again, corrupt politics trump honesty and good business sense.

  2. Alexis says:

    It amazes me that this administration keeps throwing money at the solar industry and excepts something different to happen every time. You know what they say: The definition of insanity is continuing to do the same thing over and over again and expecting different results…

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