Documents show that Obama gave $400M of your tax dollars to Abound Solar – they sold faulty products
Oh look, another solar panel company given nearly have a billion of tax payer dollars that was an epic failure! Obama loves pumping money into so called ‘green energy’ companies like Solyndra and Abound Solar. The ‘green energy’ company who makes solar panels is known as Abound Solar and according to the Daily Caller, internal documentation and testimony from sources within Abound show that the company was selling a faulty, underperforming product, and may have mislead lenders at one point in order to keep itself afloat.
“Our solar modules worked as long as you didn’t put them in the sun,” an internal source told The Daily Caller News Foundation.
The company knew its panels were faulty prior to obtaining taxpayer dollars, according to sources, but kept pushing product out the door in order to meet Department of Energy goals required for their $400 million loan guarantee.
“The DOE hurt us more than anything,” another source told The DC News Foundation, speaking of DOE production and revenue metrics.