https://summitsourcefunding.com/wp-content/uploads/2018/09/SSF_NewLogo_2018_webheader.jpg 0 0 SummitSourceFunding https://summitsourcefunding.com/wp-content/uploads/2018/09/SSF_NewLogo_2018_webheader.jpg SummitSourceFunding2014-02-06 07:42:222017-01-12 00:08:09The Case for the Solar Investment Tax Credit (ITC)
- The tremendous success of the Investment Tax Credit for solar energy projects exemplifies the importance of stable policy for the private sector and reveals a high return on public investment in solar energy in terms of economic benefits, domestic job creation, energy security and lower costs for consumers.
- In 2012, the U.S. solar industry installed more than 3,300 megawatts (MW) of solar capacity – an increase of 76% over 2011 – and currently employs nearly 143,000 American workers. The average cost of a completed PV system dropped by 24 percent over the past year, and costs continue to fall.
- In the face of a sluggish economy, the ITC provides market certainty for industry to continue making long-term investments in solar energy projects, U.S. manufacturing facilities and supply chain expansion.