Net Metering Rethink: Rooftop Solar in Trouble (a hidden subsidy in addition to ITC)
12 hours ago
From MasterResource
By Robert Bradley Jr. — January 5, 2022
“Since rooftop solar customers pay less on their utility bills, they end up contributing less toward maintaining the grid, which they still use. That has meant the cost burden was shifted to those without rooftop solar, and often those who can’t afford it.” (Wall Street Journal, below)
“For rooftop solar companies, generous incentives were the training wheels that had to come off at some point.” (Wall Street Journal, below)
Solar as a grid source of electricity is uneconomic, from the rooftop to the large solar arrays. So various government interventions pushed by the solar lobby must come to the rescue.
Solar’s Investment Tax Credit (ITC) offers a dollar-for-dollar federal tax credit for 26 percent of the cost of installing solar. Enacted in 2006, it has been extended several times and continue through 2023.
https://wattsupwiththat.com/2022/01/05/net-metering-rethink-rooftop-solar-in-trouble-a-hidden-subsidy-in-addition-to-itc/
