During a recent interview on Fox News, Donald Trump said:
Solar, as you know, hasn’t caught on because, I mean, a solar panel takes 32 years — it’s a 32-year payback. Who wants a 32-year payback? The fact is, the technology is not there yet.
Taken into context, Donald Trump was trying to make the point that solar power is uneconomical and not a worthwhile investment. However, while we are all entitled to our own opinions we are not entitled to our own facts. Which is my way of saying that his 32 year payback claim is simply untrue and quite frankly I’m not really sure where he gets that figure from.
The other thing I’m not really sure about is if solar is such a lousy investment, why are the spreads on the recent bonds issued for the Topaz Solar Farm project, which incidentally happens to be backed by famed investor Warren Buffett, significantly narrower than the spreads on the bonds for Trump’s casinos?
Or in simpler terms why are the bonds for Trump’s casinos rated junk, while the bonds for the Topaz Solar Farm project are considered investment grade?
Riddle me that Mr. Trump.