, consequently, the optimal subsidy, are largely unknown. Policy, therefore, is unlikely to have induced efficient solar investments … damages avoidable by solar capacity in each U.S. zip code, (2) relates these external benefits to subsidy levels in each U … vary considerably across the U.S., and to largely spillover to neighboring states. Subsidy levels are essentially …

new technology. This implies that an upfront investment subsidy program would have promoted the technology at a much lower … budgetary cost, so that the government essentially shifted the subsidy burden to future generations of electricity consumers …

, consequently, the optimal subsidy, are largely unknown. Policy, therefore, is unlikely to have induced efficient solar investments … damages avoidable by solar capacity in each U.S. zip code, (2) relates these external benefits to subsidy levels in each U … vary considerably across the U.S., and to largely spillover to neighboring states. Subsidy levels are essentially …