It’s been an uphill battle on The Hill for solar this year.
If you’ve been following the solar industry – and definitely if you’re part of it – you know that the federal solar investment tax credit has been a political beach ball this year. Before last Friday there had been 15 votes in Congress that somehow involved the tax credit. None were passed.
An investment tax credit basically reduces what individuals or businesses owe in taxes when they invest in certain pre-determined areas. Solar being one, of course.
Many industry advocates have been working all year long to ensure that the current solar tax credit didn’t expire on December 31st, as it was set to do.
And guess what? The solar tax credits were finally extended – for 8 years, nonetheless! – as part of the big bailout bill last Friday.
This is great news for SunRun, the solar industry, and the economy as a whole.
A recent study by Navigant Consulting demonstrated that almost half a million permanent jobs and $232 billion in investment would be supported by the solar energy industry with an 8 year extension of the tax rebates.
At SunRun, we’re excited to finally know that these credits have been renewed. The long-term extension will allow us to continue to innovate on SunRun Solar Service and continue making solar more affordable.
And that, of course, is always the goal!
Are you in California and interested in solar for your home? Call us at 877.SUN.MOJO or visit our website to learn more.
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Seems like such a basic idea for free energy but it takes a group of people to discuss the particulars, thanks, good read, ive added a bookmark for your website.