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Re: “Real Distress” Hits Solar Industry  

By: micro in GRITZ | Recommend this post (1)
Mon, 23 Jun 25 9:24 PM | 21 view(s)
Boardmark this board | Grits Breakfast of Champeens! 		Msg. 10266 of 12015
(This msg. is a reply to 10247 by De_Composed)
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to all the fine thieves who made such a big deal out of green energy and all the benefits of having it which seemingly are no longer being mandated so people have choices and it appears they have decided the GREEN NEW CRAP is just that..

The gullible youngster across the street from me bit into it and had 6 solar panels installed on his roof.

I don't know what he paid for them but iffen he had simply insulated the entire house inside the walls, and made sure there was about 15 inches in the attic space, he wouldn't need all that crap.. Really well made windows (which are NOT Andersen or many of the most advertised) they would have no heat or cooling loss.

I'm a mechanical engineer with a Masters. I also have an MBA and several degrees in Divinity colleges.

I , like Fiz, was a manufacturing company owner for decades. I never lost money and only grew the companies year over year.

I am anal and have to prove and test assertions before I invest in them.

Ya can light a candle and sit it on the floor in front of my entry door system which face due west with no wind breaks in front. So when it is really blowing hard with frigid temps ya can set a candle in front of my doors on the floor and it will not flicker once.

Same for the windows. No candle light flicker.

Solar is a scam. Period. I enjoy my $110.00 total electric bill in the dead of winter which also includes the HEAT for our home and every appliance in here. The house is totally electric. Of course its only $60 bucks for an August or July high heat and humidity month to cool everything to a comfy 68 degrees 24/7.

Its all about sealing in the heat and sealing out the WIND and air.

Ya don;t need all that crap from solar panes on top of yer roof. invest in your house.. Do the obvious things..

There are Federal Government energy tests on all windows. How efficient they are. Mine is rated the absolute best for keeping air from getting thru them.


Second place allowed 7 times more... Ya don't want to know where Andersen landed or a few other highly advertised junk..

All one need do is is give yer own dwelling place a good honest evaluation and then do what needs to be done to keep the outside air OUT and the inside air in..

It ain't rocket science but the windows sealing air out is important..

SO, obviously I am not a fan of solar panels...

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The above is a reply to the following message:
“Real Distress” Hits Solar Industry
By: De_Composed in GRITZ
Mon, 23 Jun 25 5:51 PM 		Msg. 10247 of 12015

June 23, 2025

“Real Distress” Hits Solar Industry as Bankruptcy Tsunami Looms

by Tyler Durden
ZeroHedge.com


(Zero Hedge)—It’s no secret that progressive billionaire elites, their dark money-funded NGOs, far-left lawmakers, and legacy corporate media orchestrated one of the most elaborate propaganda campaigns in recent memory—weaponizing the narrative of an imminent “climate crisis” to ram through green legislation on Capitol Hill. The result? A massive heist on the Treasury, all under the noble guise of saving the planet.

It’s almost as if the “climate crisis” only dominated headlines when Democrats needed political cover to push green legislation through Capitol Hill…

Now, the darker side of the green scam is coming into focus. Reuters reported earlier this week that a draft tax bill released by Senate Finance Committee Chair Mike Crapo (R-Idaho) proposes an accelerated phaseout of clean energy subsidies established under the Biden-Harris regime’s 2022 Inflation Reduction Act. Specifically, the legislation would significantly dial back solar and wind tax credits to 60% of their trial value starting in 2026, with complete elimination by 2028. Under current law, these credits are scheduled to begin phasing out in 2032, meaning the proposal would effectively shorten the incentive window.

Crapo stated in a press release that this draft bill “achieves significant savings by slashing Green New Deal spending and targeting waste, fraud and abuse in spending programs while preserving and protecting them for the most vulnerable.”

Slashing clean energy tax credits, essentially the lifeline of the green industry, would unleash a tsunami of bankruptcies across the sector. Think of Solyndra’s high-profile collapse under the Obama administration in 2011—but multiplied many times over.

“It’s not final, but it looks very negative,” said Carter Atlamazoglou, managing director at FTI Consulting, who specializes in renewable energy, referring to the Senate’s latest draft of the tax bill.

Atlamazoglou told the Financial Times, “You’re dealing with a lot of major uncertainty, which makes anyone considering residential solar—from homeowners to financiers—basically wait and see what happens next.”

“Firms are under liquidity pressure and we’re seeing real distress in the industry,” he warned, pointing out that “Things are coming to a head.”

FT cited bankruptcy data showing a sharp uptick in clean energy company failures—starting in 2022 and accelerating significantly by 2024. Many of these firms, heavily reliant on federal tax credits, are now collapsing as subsidies dry up.

Mass liquidations and layoffs are set to plague the industry this year. This trend will be accelerated if those tax credits are eliminated.

“There’s going to be a 50 to 60 per cent downturn in demand. That will wreak havoc on a lot of these solar companies,” warned Ara Agopian, CEO of Solar Insure.

Agopian said, “Many of them will shut their doors as they can’t stay in business without the tax credit.”

Since the release of the Senate draft, solar stocks have crashed: Sunrun is down 36%, SolarEdge is down 30%, Enphase is down 21%, and First Solar is down 19%.

Solyndra’s downfall remains a cautionary tale in the clean energy space…

“We’re looking at a six-month cliff and thousands of businesses having to completely remake their business models in the space of mere months,” CEO Dan Conant of Solar Holler, warned, “It’s just impossible to do.”

http://thelibertydaily.com/real-distress-hits-solar-industry-as-bankruptcy-tsunami/

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