With all due respect, if you stopped YELLING and listened to what you yourself are saying, you're complaining that the amount spent on the research is too small and then complain that the President shouldn't be spending it in the first place? Why is it even a presidential politics issue? Don't we have to invest in R&D, both on the industrial and government sides?
Seems to me there's a problem with the approach of subsidising R&D. Won't the resultant Intellectual Property just be stolen by China (Red Army, Inc) -- yielding no net advantage to the US?
How about susidizing US Solar manufacturing (&jobs) instead? Isn't the idea to get to those
"economies of scale" ASAP?
Also, isn't the key developing systems for rooftop Solar installation for new home & manufactured-housing (mobil home)construction? Homeowner tax incentives would seem to me the obvious route.
The news is encouraging. The success of the future relies on alternative energy sources. Solar energy will be one of the many technologies that can bring human to the future. As the DoE is willing to grant so much money is already a good news to encourage future growth in this area. I am sure either government or private sector will inject more money if encouraging results are shown in the next couple of years. This is the common practice of product development and investment, isn't it?
The costs of components within a solar generation system need to be lowered. Running a simple calculator and accounting for inflation shows the payback for installation to be several years. The ROI needs to be better if this technology is to prosper.
to calculate your scenario.
This is a lost battle - China holds the ace and the keg. There seems to be no way to drive this innovation when we do not even have ways to fund education. The money US brings is too small to compete with China.
R&D funding is good, but the premise here is flawed.
Solar cells are already well under $1/Watt ex factory, but they are a decreasing fraction of the cost of a Full install.
Inverters are ~50c/watt and falling more slowly, and it is the construction/site assembly/funding that is now the main cost-centre.
All boring, and low-tech, so R&D into the finer points of Solar PV processes, is not going to do much lower Utility costs.
This is a hoot! Microsoft's annual statement said they spent about 2.5 BILLION just on LEGAL SETTLEMENTS (for stealing other companys' and individuals' intellectual property) last year. 2.5 BILLION is 2500 MILLION for legal settlements in ONE YEAR!!! Barak and Michelle spend the amounts you've listed here on caviar and lobster or renting out the Taj Mahal for one of their innumerable vacations. What has happened when engineers have no sense of scale or proportion and parrot these government assertions with no critical thinking? Sad very sad. And any comment on where the money is coming from? Daily EETimes is publishing articles about Barak Hussein Obama is promising to spend millions or billions on this or that. ITS NOT BARAK HUSSEIN OBAMA'S MONEY. ITS OUR MONEY!