House Considers Ending Solar Incentives
This is a news story, published by Gizmodo, that relates primarily to The U.S. House of Representatives news.
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first solar tax creditsGizmodo
•Business
Business & Economics
Solar Tax Credits Are on the Chopping BlockâInstall Soon or Pay the Price
84% Informative
The U.S. House of Representatives proposed abruptly ending the incentives at the end of the year .
The average cost of a solar system is just north of $ 28,000 .
Without the tax credits, solar systems might still make financial sense in places that get a lot of sun or have high electricity prices.
A professor says policy uncertainty alone can freeze investment, raise costs, and damage market confidence.
The Senate must pass the solar tax credit, he says, but it's already hurting the solar industry.
Grist is a nonprofit, independent media organization dedicated to stories of climate solutions and a just future.
VR Score
86
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