Journal Star Editorial Board
In theory, EPA director Scott Pruitt is right when he wants to eliminate tax incentives for solar and wind energy, as he said at an event Monday. Coal, natural gas, solar, wind and other forms of energy generation should all compete on a level playing field, with consumer demand and market forces dictating Americans’ consumption habits in an ideal world. Similar incentives for the fossil fuel industry hinder such a truly free market. Click here to continue reading.
The Federal Solar Investment Tax Credit (ITC)
- Applies to residential & commercial.
- If you don’t have enough tax liability the year you install solar, you can “roll over” the credit to future years.
- 30% to December 31, 2019
- 26% to December 31, 2020
- 22% to December 31, 2021
- 10% commercial credit 2022 onwards
Source: Database of State Incentives for Renewables & Efficiency (DSIRE)
- Residential Renewable Energy Tax Credit
- Business Energy Investment Tax Credit
- All Available Incentives
ALSO IN THE NEWS
- Wind turbines going up in Webster County: Webster County soon will be host to the state’s latest wind power project, with 40 turbines capable of generating enough energy for 29,000 Nebraskans, Hastings Tribune
- Wind turbine to be completed before 2018, Seward County Independent
- City considers waiver for unwanted energy developments, Seward County Independent
- Top Nebraska, Iowa ag officials get warm reception at hearing for USDA jobs, Omaha World Herald
- 2017 Midwest Energy News’ 40 Under 40: Midwest Energy News’ 40 Under 40 award program highlights emerging leaders throughout the region and their work in America’s transition to a clean energy economy.
- E.P.A. Says It Will Write a New Carbon Rule, but No One Can Say When, New York Times
- EPA proposes killing Clean Power Plan, but market already cutting carbon, St. Louis Post-Dispatch