The Bloom is Quickly Fading for Renewable Energy in America and Europe! Finally!

The Bloom is Quickly Fading for Renewable Energy in America and Europe! Finally! | Somewhat Reasonable:
A few of the tidbits are below

• A Government Accountability Office review of federal renewable energy-related initiatives for fiscal year 2010 discovered at least 345 different federal initiatives supporting solar energy. The programs are managed by nearly 20 agencies and support more than 1,500 individual projects.
• Over the past five years, the federal government spent an estimated $150 billion subsidizing solar power and other renewable energy projects.
• Preferable tax treatment given to solar and other alternative electricity initiatives cost Americans nearly $9 billion annually, according to the IRS.
• State and local governments increasingly subsidize solar energy. Personal tax credits related to solar products are available in 20 states, 18 states maintain corporate tax credit and deduction programs, and 14 states and Puerto Rico offer taxpayer-funded grants to support solar electricity.
  
  
  And what as all this largesse bought?
  Despite the subsidies and mandates solar will make up only 0.6 percent of total U.S. electricity generation in 2015, according to the Energy Information Administration.
  Worse still, government efforts to promote solar energy have resulted in waste and fraud and diverted public and private resources from energy resources that hold more promise.
  For instance, “Government-backed solar boondoggles are rampant and include such devastating examples as the Solyndra loan, which cost taxpayers $535 million and left 1,100 employees without a job, and the Ivanpah Solar Electric Generating System in California, which, despite reaping $1.6 billion in subsidies, produces electricity at a cost three times higher than traditional power and has requested $539 million in additional direct handouts from the federal government.”