Google, Chevron Build Mirrors in Desert to Beat Coal With Solar
The headline is upbeat — Google, Chevron Build Mirrors in Desert to Beat Coal With Solar — but here's an important bit of solar-thermal reality that intrudes:
Development slowed when Congress eliminated tax credits for alternative energy in the early 1990s. Laws put in place in 2005 give solar investors a 30 percent tax credit.Lots of things start to look good with "subsidy goggles" on.
Labels: Economics, Policy, Technology