Why Utility Companies Want You to Pay More for Solar Power

Reader Contribution by Bryan Phelps and Vivint Solar
Published on June 12, 2015
article image

Solar energy has been an attractive alternative energy source for decades, but it wasn’t until recently that widespread adoption has increased. The cost of panels, installation and system maintenance have fallen, making the prospect of solar affordable and appealing to both homeowners and businesses.

To encourage solar power consumption, the federal government has implemented tax incentives. The ITC (Solar Investment Tax Credit) provides a 30-percent tax credit for solar systems on residential and commercial properties. Competition among solar companies has also helped to lower costs and simplify the solar installation and rebate process.

Part of the government’s interest in solar isn’t just about helping the environment; it’s about helping the economy. The solar industry has contributed a substantial number of new jobs. In the last four years, job creation has grown by 86 percent, a period during which many industries were stagnant or shrinking.

Online Store Logo
Need Help? Call 1-800-234-3368