Almost a thousand companies in the US solar industry sent a letter to Congress this week calling for an extension of the solar investment tax credit portions of the ITC. The head of the Solar Energy Industries Association, or SEIA, stated: “If you want to show a commitment to addressing climate change, you extend the solar ITC. Supporting this proven policy is the first clear victory that lawmakers can deliver to Americans on climate change. As we debate long-term solutions, now is NOT the time to abandon the single most successful policy on the books to deploy clean energy in the near-term.”
This would be huge for solar going forward, as the ITC is scheduled to drop from 30% down to 26% in 2020, 22% in 2021, and then 10% in 2022, but only for commercial installations. This effectively would end a huge reason that many people are able to afford solar now. While the price keeps dropping for solar panels, installation pricing is staying static as specialized skills are required. View the full article at the link above and let us know what you think!
Taken from HERE
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