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The tax credit for business's will drop from 30% to 10% and residential installations will drop from 30% to 0%. Without those subsidies the industry is toast.
Resch laid out an eye-opening scenario if the solar ITC expires: “The reality is that we will lose 100,000 jobs if we lose the ITC — and these are conservative numbers. Ninety percent of solar companies will go out of business.”
Last edited by thecoalman; 08-30-2015 at 09:34 PM..
Reason: Forgot link
Yeah right, meanwhile big oil will receive 46 billion in subsidies....Tax breaks and incentives for the big oil companies began in 1916, and continue today....What is wrong with this picture?
It was inevitable. most citizens are too broke and too stupid to invest in Solar products. I want some Solar stuff right now but I am too broke for it. Everybody should have solar panels on there roofs.
It was inevitable. most citizens are too broke and too stupid to invest in Solar products. I want some Solar stuff right now but I am too broke for it. Everybody should have solar panels on there roofs.
If you really wanted clean power you would promote nuclear. it is clean, cheap and safe.
Investing in solar only made sense because the government was voting so much of the bill. The savings just don't pan out for the majority of homes, especially when the government subsidies stop.
Yeah right, meanwhile big oil will receive 46 billion in subsidies....
The oil/gas industry gets about 4 or 5 billion a year. To put this amount into perspective it's equal to the revenue generated by Exxon itself in a few days. Per unit it comes out to fractions of one penny per gallon, take it away and it would be like nothing ever happened. They do not depend on that subsidy to exist, it's irrelevant to the market becsue it such small amount relative to it.
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