It comes up a lot, from solar executives, that the ITC should not be extended. Let’s talk some facts, most courtesy of GTM. A solar project is installed every 2.5 minutes. Which means that about $11k of tax equity is invested EVERY minute. In 2017, that will go down to about $3k if the rates continue. Even more important is to look at what markets will be affected by reduction. Homeowners that BUY solar cash or take a loan get NO tax credit. Utility scale still maintains a huge cost advantage over rooftop. If you want to make the news by being glib about ITC going away, go for it but you are hurting thousands of solar jobs in the process.
News
- PV-Magazine: Analyst interview-The rise of distributed solar
- RE World: Collaboration Is Key-How Innovative Solar Business Models Can Benefit All
- PV-Tech: US duties ‘penalised’ Trina Solar for disability programme
- Forbes: Utilities Push Back As Solar Industry Booms In Japan
- Gigaom: HelioVolt to finally auction off assets from its solar factory
- Think Progress: Report-Forget Stocks, Invest In Solar Panels
- Greentech Media: Worries About Consumers Cutting Utility Ties Are Overblown,Say Moody’s Analysts
- AlJazeera America: Australia’s rising solar power ‘revolution’
Opinions
Have a great day!
Yann