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China has flooded the market with so many solar panels that people are using them as garden fencing
(www.businessinsider.com)
this post was submitted on 04 Apr 2024
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Technology
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Part of this is done to kill the US manufacturing sector.
Edit:
My point stands. China has been subsidizing their solar industry with massive amounts of government money for over a decade to dominate market share and keep others out. To be fair, the US punishes China by prohibiting the highest end technology from going to China. This is mirrored in various other industries as well.
"There have been two main reasons for First Solar’s decline. Besides slowdown in Europe, the main reason is the large subsidy the government of China provides to its solar manufacturers. By some estimates, China gave $30 billion to solar manufacturers last year and now China dominates the solar industry with names like Yingli Green Energy, Suntech Power, Trina Solar and LDK Solar."
https://www.forbes.com/sites/greatspeculations/2011/10/25/china-almost-kills-premier-u-s-solar-company/?sh=297c47996e9d
And if the US weren't losers, they would have subsidized the solar industry too. They made a greedy, selfish, lazy decision not to make an important investment, and now they're paying the consequences. Maybe the US should pull themselves up by the bootstraps instead of complaining about it and asking for a handout.