Subsidies

Sunnova is the latest solar panel company to get into financial trouble. After receiving $3 billion from government, they are facing bankruptcy. Recall Solyndra that received $500 million and folded and First Solar who got $2 billion from the Investment Reduction Act and their stock rose to $300 last June and today it closed at $130. These companies cannot compete with Chinese solar panel companies but they keep getting subsidies. Investigations show that a lot of money was given back in the form of campaign contributions but much of the money is unaccounted for.