|
|
|
|
|
|
by mtgx
3692 days ago
|
|
|
Or maybe it was just another case of blindness to exponential growth curves and the law of accelerated returns. Many thought solar is inevitable, even when most were skeptical. Just like many thought the same about EVs (although it's becoming trendier to believe in EVs now, too, especially in light of Model 3's pre-orders, but it wasn't always the case). Imagine if the founders of Solar City also thought like this guy. Suffice to say they probably wouldn't be owning one of the largest US solar companies in the US right now. |
|
|
Solar City did think like that guy. Solar City is heavily dependent on subsidies and the ability to sell power to utilities at retail, not wholesale, rates. Solar City pulled out of Nevada when Nevada took away some of those benefits.[1] Their business model requires subsidies.
The big utility-scale plants are now profitable at wholesale rates. Even in Nevada.[2] That's what matters.
[1] http://www.slate.com/articles/business/the_juice/2016/01/sol... [2] https://en.wikipedia.org/wiki/Copper_Mountain_Solar_Facility