Solar power tax incentives fall almost 50% as installations increase 300%
An analysis by the Department of Energy shows electricity generation from solar growing 32% annually since 2000. Meanwhile, the tax benefits claimed for solar fell from just over $2 billion in 2013 to just over $1 billion in 2016. According to a new report by the U.S. Department of Energy’s Energy Information Administration (EIA) The cost to incentivize the massive volumes of solar power being installed in the United States is falling aggressively. In the years for this report, specifically 2013 versus 2016, we saw solar power almost triple in volume deployed, while the cost in tax incentives for those projects fell by almost 50%.