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Now is the Wrong Time for States to Reduce Solar Incentives
Renewable Energy World: Thanks in large part to state and federal incentives, the cost to install solar PV systems has decreased 400 percent over the last eight years, while technology advancements have improved system efficiency. As a result, the cost of solar energy is approaching the point at which governmental incentives will no longer be necessary. In recognition of the continued need for governmental incentives for the near term, President Obama recently signed into law a bill that extended the Investment Tax Credit and Bonus Depreciation, both of which have been instrumental in the growth of the U.S. solar industry.
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