The Phaserl


Danger of Government-Created Solar Bubble Bursting When Subsidies Expire in 2016

by Barbara Hollingsworth, CNS News:

Federal subsidies have created a massive “green bubble” in the solar industry that is in danger of bursting when they expire next year, leaving taxpayers on the hook for billions of dollars, according to a report by the Taxpayers Protection Alliance (TPA).

Homeowners and businesses that install a solar energy system are currently entitled to a 30 percent Solar Investment Tax Credit (ITC), which was initially passed by Congress in 2006 and extended for another eight years in 2008. 

However, the ITC will drop to 10 percent for commercial and zero for residential properties on Dec. 31, 2016.

And even members of the heavily-subsidized solar industry, which provides less than one percent of the nation’s electricity, are worried that it cannot stand on its own without government handouts.

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3 comments to Danger of Government-Created Solar Bubble Bursting When Subsidies Expire in 2016

  • CalSailX

    Sorry they just don’t know how to sell getting off the grid, oh that’s right… you never really do let them leave the grid do you?

  • Dante

    Sounds like this might be a negative for industrial silver demand, at least in so far as this particular industry is concerned.

  • CalSailX

    Maybe Dante… however I have to wonder how many have the “Plan B”… just rat holed away until the grid does go nipples up. When solutions become local, maybe we’ll all know once, and for all what government is worth.

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