Home Solar Wolf Blog Solar Subsides Pale In Numbers From The Oil Subsides, Yet Solar Is The Bad Guy?
Solar Subsides Pale In Numbers From The Oil Subsides, Yet Solar Is The Bad Guy?
It's true, the federal ITC will start to go away in 2020. The last full year to capture this will be in 2019.Ted "The Wolf" Strzelecki
The way it is structured it will not be renewed or extended. Yet so many people think solar is bad or is "Ripping off the tax payer's" This is an interesting statement. It's interesting because the ones that usually say it either can't afford to purchase or their homes don't qualify for a lease. "Solar shouldn't have a government subside" Maybe, but why not? No one that actually spews this can back up this statement once it is uttered. What the majority don't know is in 2015 the oil industry received 5.3 trillion in subsides. (*IMF) That's a billion with a "T" folks.
How much did the solar industry receive? 39 billion. Yea, no it seems that investing in renewable green energy is a total waste however. I mean, that money should have gone to Duke Energy, or National Grid, or Edison Electric instead damnit! It is a terrible idea to think that it is acceptable for companies Exxon or the Koch brothers to receive so much in subsides and that it is not just OK but expected. Yet something as promising as solar and something as environmentally forward as renewable's get thought of as "tax drain" or a failure. Want to know something hilarious? Some of the oil companies that receive huge subside money are putting in solar and getting solar ITC money too!
What a great time to own a fossil fuel company!
Get a FREE Quote from Solar Wolf Energy
SHARE THIS BLOG POST