The Sonoma County Press Democrat has an article about the real impact of federal subsidies for solar on local businesses and residences. Specifically, how the failure of Congress to renew the tax credit is halting new installations.
A divided Congress has not extended a federal tax credit that has cut costs for thousands of solar energy systems across California.
Although the tax credit won’t expire until the end of the year, its looming demise is already having an impact, according to local solar installers…
The solar credit would be extended six years for residential projects and eight years for businesses under legislation supporting a variety of renewable energy sources working its way through Congress. Two measures have been defeated in the past three months. Critics — including President Bush — are opposed, in part, because the credit would be funded by repealing tax subsidies for oil companies.