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iso1210 | 3 years ago
If someone builds that storage facility to do it commercially then great.
> rooftop solar can't exist without special subsidies
Yet it does
iso1210 | 3 years ago
If someone builds that storage facility to do it commercially then great.
> rooftop solar can't exist without special subsidies
Yet it does
mercutio2|3 years ago
Rooftop solar is heavily subsidized almost everywhere it’s popular. Rooftop solar isn’t a good deal for utilities or their non-rooftop-solar customers.
I say this as someone who lived off the grid on solar for years; encouraging rooftop solar may have kickstarted the learning curve for the solar panel industry, and as such may have been pretty good social policy.
But it definitely owes its existence to subsidies.
These days grid scale solar makes lots of sense, rooftop solar still doesn’t (and the subsidies are now harder to defend).
sokoloff|3 years ago
https://www.seia.org/initiatives/solar-investment-tax-credit...
> The solar Investment Tax Credit (ITC) is one of the most important federal policy mechanisms to support the growth of solar energy in the United States. Since the ITC was enacted in 2006, the U.S. solar industry has grown by more than 200x - creating hundreds of thousands of jobs and investing billions of dollars in the U.S. economy in the process.
philipkglass|3 years ago
The Section 48 commercial credit can be applied to both customer-sited commercial solar systems and large-scale utility solar farms. The rate is effectively at 30% until Treasury issues guidance on new wage and apprenticeship standards. Two months later, the rate will be at 6%, with an additional 24% (for a total of 30%) available for meeting these new labor standards.
So utility-scale solar farms can get the same 30% credit as rooftop solar. They're both tax-advantaged compared to (e.g.) building a new gas plant, but the rooftop credit isn't any higher, at least not on the federal level. Self-consumption from rooftop solar may avoid other taxes, like sales tax, but in many states there is no sales tax on residential electricity to begin with.
fwungy|3 years ago
iso1210|3 years ago
unknown|3 years ago
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