The Fiscal Case for Solar
The pricing volatility of fossil fuels, along with the difficulty of forecasting future fuel prices, puts energy customers and providers at risk from fluctuating energy rates. Recognizing these factors, business owners and communities are taking control over their power costs through co-generation.
During the past 10 years, the price of solar panels has dropped over 85% while electric power cost has risen by 50%. This lower equipment cost combined with tax credits, accelerated depreciation and performance incentives make a strong fiscal case for solar.
But these financial advantages may be short-lived. For example, the investment tax credit, currently at 30% will begin to sunset in 2020, dropping to 10% for businesses and 0% for individuals in 2022 and beyond.