After the latest news on the dumpster fire of a political election, and the Cubs loss I thought you might like to see something hopeful.
Elon Musk unveiled solar powered shingles. The idea isn’t new, but the ones he unveiled are better engineered than the previous versions. I generally not a fan of solar energy. It’s not because of the energy, it’s because of the federal subsidies that prop the entire industry up. I have never, ever seen a solar deal that worked without subsidies. My friend Craig Pirrong has written about Musk as a businessman. I’d like to see the feds end all subsidies of lots of different things and let the free market sort it out.
I also believe strongly that we should be building lots of nuclear power plants. The information age requires steady on demand power which solar power cannot reliably provide at scale. If you are a global warming advocate, nuclear is something you have to get behind. If you don’t believe in global warming, you still should advocate strongly for nuclear power because it’s the cheapest way to power the information economy.
But this product looks really cool to me. Why?
Close up of the solar roof pic.twitter.com/kDsSqtTWK7
— Tesla (@TeslaMotors) October 29, 2016
I think the only way solar power wins at scale is to unbundle the power grid. Putting solar into homes in this manner is a very interesting way to unbundle the grid. Without subsidies, I don’t know what the payback period is. That number would be interesting to me.
Most great companies at their core have some sort of individual liberty/property rights aspect to them. When individuals are free to choose-and property rights are clearly assigned-whatever decisions those individuals make is in the best interest of us all. This has that in it.