Will the solar business be affected after the government tax credit incentives s

  1. jackclee lm profile image82
    jackclee lmposted 15 months ago

    Will the solar business be affected after the government tax credit incentives stop?

    At some point, these incentives will expire and Congress will stop funding these green energy initiatives that was popular with the Obama Administration. Under Trump, it is likely to stop or be reduced. How will this affect the solar energy market?
    One view is that solar is becoming competitive and the cost efficiency has improved to the point of self sufficiency. Another view is that it will only have a niche market...
    It really depends on economics once the government intervention stops.

  2. tamarawilhite profile image92
    tamarawilhiteposted 15 months ago

    It will not stop, but it will be negatively impacted.
    Solar panels are currently expensive to produce, though costs are coming down. The federal government buying them at their high prices and the energy produced at two to three times what natural gas turbines create will stop soon. And you'll see an end to the waste like the VA buying millions in solar panels for the planet while vets die for lack of care.
    You'll also see Trump end the federal rules that gave people massive tax breaks for putting solar panels on their homes that produced relatively little power and raised energy rates for everyone because for every 1 Megawatt of power of capacity of solar put in, they had to build 1 MW of natural gas turbines to produce power when the solar plants weren't working. It would have been much cheaper just to build the natural gas turbines and run them all the time.
    Adding solar panels and other variable renewables also added complexity to the power grid, switching between turbines, solar and wind as supply shifted. End result - greater odds of an outage.