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The Amonix solar manufacturing plant in North Las Vegas, subsidized by more than $20 million in federal tax credits and grants, has closed its 214,000-square-foot facility about a year after it opened.
Officials at Amonix headquarters in Seal Beach, Calif., have not responded to repeated calls for comment this week, but the company began selling equipment, from automated tooling systems to robotic welding cells, in an online auction Wednesday.
And all along, right from the get go, there was First Solar, a stable, growing company which the WH/DOE ignored so they could pay back their big donor friends.
Feel free to start posting about every test well that has been drilled and found nothing. These are subsidized by the government subsidized petroleum industry. You could also talk about all of the support that Bush gave to Green industries as well.
Feel free to start posting about every test well that has been drilled and found nothing. These are subsidized by the government subsidized petroleum industry. You could also talk about all of the support that Bush gave to Green industries as well.
I don thinks it's comparable here, the tax credit for the wells means you're actually going to pay taxes on other profits. 3/4 of the subsidy for this solar company was an outright grant.
Quote:
A designer and manufacturer of concentrated photovoltaic solar power systems, Amonix received $6 million in federal tax credits for the North Las Vegas plant and a $15.6 million grant from the U.S. Department of Energy in 2007 for research and development.
I know a lot of people are under the impression a subsidy means you're giving a company money but it's usually tax breaks. Having said that removal of the oil subsidies would ultimately benefit companies like Exxon that can easily absorb those costs, smaller companies go out of business.
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