Yesterday I mentioned on Twitter how bad it would be if the ITC is not extended, a point that was mocked and challenged. I personally think it will cost many jobs within the industry. According to Greentech Media (without taking into account State incentives) residential markets at the tipping point go from 14 States to 8, a 41% reduction. Utility scale deployment drops by an astonishing 90%. So companies will have to make a choice to lower volume (and cut workforce), lower margins (bad for EBITDA) or focus on fewer markets. I am not alone in this thinking, SEIA is pushing for an extension along with every other major solar association and some of the largest companies in the space. Don’t let “famous” people in solar give you false hope, the solar ITC should stay in place.
News
- San Diego Union-Tribune: Solar power shines on apartments, renters in California
- Bloomberg: Seven Reasons Cheap Oil Can’t Stop Renewables Now
- PV-Magazine: China unveils 15 GW solar target
- Utility Dive: Washington state solar battle heats up, splitting installer trade groups
- Solar Server: World Bank Group launches “Scaling Solar” to create a market for solar power in Africa
- CCTV America: South Africa aims to power half of country with solar energy
- Huffington Post: How to Finance an Energy Revolution
- Motley Fool: Why Solar Panel Efficiency Matters More Than You Think
Opinions
Have a great day!
Yann