US Treasury announces new solar tax credit guidance
Unless you have been living under a rock lately, you are probably aware that a titanic struggle is taking place in the US over solar power. On the one hand, the federal government wants to speed up the installation of solar power plants to help lower carbon emissions from thermal generating plants. To accomplish that goal, there are many incentives included in recent federal legislation, like the Inflation Reduction Act, that are worth billions of dollars.
On the other hand, the government wants to encourage domestic production and protect American manufacturers from overseas competitors who may be using forced labor and government subsidies to make solar cells and panels that they sell for less than the cost of manufacturing. It’s a delicate dance, one that is fraught with geopolitical implications.
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Source: Clean Technica
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