Nobody is going to hand out a subsidy and say here buy panels with this. It’s all about the multiplier, even home subsidies don’t 1:1 pay for panels it’s at best deduct the cost from your taxes saving 30% or whatever on the cost and often less than that.

So, that’s where the ~2c/kWh shows up it’s roughly the minimum cash on hand someone needs to get the ball rolling for loans on a grid solar project assuming a proven track record. Now hand someone with that track record 250 million free and clear and not only can they get loans but they can also attract private investors.

Of course the risk is you hand out money to projects that would happen either way and get noting for the subsidy.