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.
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