Follow the Guvernator: Why California’s Solar Initiative is a Good Model for ITC Extension
The solar industry has emerged as a major economic driver and is becoming a robust industry. Over 170,000 people are employed by the solar industry.
The potential end of the Solar Investment Tax Credit (ITC) could mean ½ of those jobs are lost in 2016.
Solar is providing increasingly cheaper and more reliable power, while allowing for domestic energy independence. In 2014, 32% of all new electric generation came from solar, largely because solar is economically viable. The abrupt end to this program will crush growth and set the industry back. What is needed is a clear ramp to allow a transition to new business models that allow for continued and possibly accelerated growth. You may have seen Schwarzenegger’s facebook post about climate change, but what you might not know is that he started the Million Solar Roofs initiative, which lead into the California Solar Initiative. Read on to find how why we should follow this model and extend the ITC.