Solar Industry Fiascos Continue
Many Americans are familiar with federal, taxpayer-financed fiascos in the solar industry such as Solyndra and Abound Solar, but they are less familiar with state and local solar projects that have failed. Like federal fiascoes, these local fiascos have also wasted millions in tax money or bond debt that needs to be repaid. Taxpayers in three counties in New Jersey could be on the hook for up to $88 million in bonds that investors hold for a project to put solar panels on schools and other public buildings.(i] In Oregon, state officials wrongly awarded almost $12 million in state tax credits to a solar project based on phony documents. The Oregon project was also plagued by an international trade war, a bitter corporate rivalry and a labor shuffle that resulted in prison labor at 93 cents an hour being substituted for what was supposed to be high-paid Oregon jobs.[ii]- Wednesday, March 11, 2015
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