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Having looked at Solar for my house in NY, I can only summarize as this: Solar tax credits are subsides for the well off. The poorest folks can't afford the ca
by prasadjoglekar 1y ago
Having looked at Solar for my house in NY, I can only summarize as this:
Solar tax credits are subsides for the well off. The poorest folks can't afford the cash cost of panels and don't have enough taxable income to use the offsets.
The workaround to the high cost has been to lock less diligent people into 30 year power purchase agreements in return for no upfront costs. The lessor takes the subsidies and credits and it just creates another lien on the house.
- jobs_throwaway 1y ago> Solar tax credits are subsides for the well off. Sounds like a good thing to me! Subsidizing things that benefit the whole of society are 100% a good thing, even when rich people take advantage of them
- myrmidon 1y agoA valid point, but to me this sounds like you would want such a program to be a wealth redistribution program at the same time, and I believe trying to do that would just diminish the effectiveness (=> less panels built per spent tax dollar), and is better tackled separately.
- insane_dreamer 1y agoGreater adoption pushes prices down so that the less well off can afford. But it’s not so much that the poor need to switch, but rather than there are more households regardless of income who do switch to reduce fossil fuel reliance.