Cory Doctorow on Nostr: Meanwhile, those bonds that were created from solar installations are ticking ...
Meanwhile, those bonds that were created from solar installations are ticking timebombs, sitting on institutions' balance-sheets, waiting to go blooie once the defaults cross some unpredictable threshold.
Markets are *very* efficient at mobilizing capital for growth. America has a *lot* of rooftop solar. But 70% of that solar isn't owned by the homeowner - it's owned by a solar company, which is to say, "a finance company that happens to sell solar":
https://www.utilitydive.com/news/solarcity-maintains-34-residential-solar-market-share-in-1h-2015/406552/
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Markets are *very* efficient at mobilizing capital for growth. America has a *lot* of rooftop solar. But 70% of that solar isn't owned by the homeowner - it's owned by a solar company, which is to say, "a finance company that happens to sell solar":
https://www.utilitydive.com/news/solarcity-maintains-34-residential-solar-market-share-in-1h-2015/406552/
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