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Federal loan guarantees, along with a investment tax credit and other incentives helped the U.S. solar power market more than double in 2010, with similar growth expected this year, according to analysts and solar power companies.
WSJ: Proposal Aims to Gut DOE Loan Program
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While interest in a Mosaic solar investment will be taxable, the interest saved from paying of a car loan or credit card debt is saved from after-tax money, and so is essentially tax free, which makes paying down debt at interest rates of 4% more more clearly more attractive than the 4.5% on offer from Mosaic.
FORBES: New Ways to Invest in Solar Like Buffett
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The news was not entirely unexpected, following an internal reshuffle in Barclays Capital in October, when Kvalheim's responsibility for credit trading, where most of the losses occurred, was shifted to del Missier, leaving him with investment banking and loan origination.
FORBES: Magazine Article