Study: Solar Tax Credits Generate Tax Revenue

Under the the Solar Investment Tax Credit program, created by the Bush administration in 2005, small- to medium-scale solar installations on residential or commercial property can receive a tax credit equal to 30% of their installation costs. This subsidy has, understandably, been a huge boon to solar installations. According to US PREF, 90% of the U.S.'s solar generating capacity, which now stands at about 5,000 megawatts, has been installed since the Bush administration created the credit. The Solar Energy Industries Association (SEIA), the solar industry's main trade group, calls the Solar Investment Tax Credit "the cornerstone of continued growth of solar energy in the United States."


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