writes for Bloomberg Business. “Solar is becoming mainstream.”
“Gone are the days when solar panels were an exotic plaything of Earth-loving rich people,” Tom Randallreport from Deutsche Bank says that even without additional subsidies, solar is already cost competitive in 14 states. If the credit is renewed and costs for solar continue to fall as predicted, then we could see solar electricity as cheap as average electricity bill prices in 47 states within the next two years, according to Deutsche Bank’s report. If the credit is not renewed, we could still see 36 states at grid parity.
Currently, the federal government allows a 30 percent investment tax credit for solar, but it is set to expire at the end of 2016, at which point it will decline to 10 percent. A