Solar Economic Incentives: Fragile as the Wind

The solar industry applauded when the 30% federal tax credit was extended to 2016 and the legislation lifted the cap. The reason of course is that for all intents and purposes, the solar industry is just emerging and needs substantial support, and the stability in the incentives provides this support. But now one important part of this program, known as the treasury grant program, has been placed in jeopardy. Four senators released a letter in which they urged the Obama Administration to suspend this program until the legislation could be amended to allow only for clean energy projects “that preserve and create jobs in the United States.” You can read the full text of the letter here.  The abrupt fits and starts of incentive programs, and not just this federal program, only serve to stall the march to solar.

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