Tuesday, June 9, 2015

Great solar stats, and a caution

Enjoyed seeing this article discussing solar in Fortune... "There were more residential solar panels installed in the first quarter of this year than natural gas power plants... Solar actually accounted for 51 percent of all new electric generation capacity brought online in the quarter..."

Regarding that first quote, I hope they actually mean the electricity generated by new residential solar exceeded the production from new gas power plants.  It wouldn't be terribly exciting if there were simply more new panels than new plants...

But note the caution mentioned in the video... the 30% Federal Solar Tax CREDIT (not a deduction, but a full credit of 30% of the cost of a solar panel installation as a direct reduction in your total tax bill) will be cut to only 10% at the end of 2016, unless Congress acts.  (With this Congress, I won't hold my breath...).