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Ahhh, externalities again. Perhaps a more important question - how much of it is due to deep Chinese subsidies for panel manufacturers? That's something rarely mentioned in the Solyndra debacle - the whole reason behind it is that the Chinese are effectively selling solar panels at a loss. I'm not even sure the answer would be useful, considering both sides of the equation are deeply subsidized. Besides which, pollution for coal plants that power Las Vegas and Los Angeles don't count towards those states emissions if the plant is in, say, Arizona. Then of course there's the discussion about the environmental impact of solar panel construction.